Short Interest in National Healthcare Properties, Inc. (NASDAQ:NHP) Grows By 125.8%

National Healthcare Properties, Inc. (NASDAQ:NHP – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 3,954,041 shares, a growth of 125.8% from the June 15th total of 1,751,450 shares. Currently, 5.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,913,413 shares, the short-interest ratio is currently 2.1 days.

National Healthcare Properties Stock Performance

Shares of National Healthcare Properties stock traded up $0.38 during trading on Thursday, reaching $15.56. The company’s stock had a trading volume of 1,211,302 shares, compared to its average volume of 893,033. The stock has a 50-day moving average price of $14.50. National Healthcare Properties has a fifty-two week low of $11.25 and a fifty-two week high of $16.14. The company has a market capitalization of $1.13 billion and a price-to-earnings ratio of 11.52.

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National Healthcare Properties (NASDAQ:NHP – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.27) earnings per share for the quarter. The company had revenue of $86.29 million for the quarter.

National Healthcare Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.9%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NHP. Wall Street Zen upgraded shares of National Healthcare Properties to a “hold” rating in a research note on Saturday, May 2nd. Citizens Jmp started coverage on National Healthcare Properties in a report on Thursday, May 28th. They set a “market outperform” rating and a $18.00 price objective on the stock. Robert W. Baird began coverage on National Healthcare Properties in a report on Monday, May 18th. They set an “outperform” rating and a $17.00 price objective on the stock. Zacks Research upgraded National Healthcare Properties to a “hold” rating in a research report on Tuesday, June 9th. Finally, Morgan Stanley started coverage on National Healthcare Properties in a report on Monday, May 18th. They issued an “equal weight” rating and a $16.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.25.

Check Out Our Latest Stock Report on NHP

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