National Healthcare Properties’ (NASDAQ:NHP – Get Free Report) lock-up period will end on Monday, October 19th. National Healthcare Properties had issued 38,500,000 shares in its IPO on April 22nd. The total size of the offering was $462,000,000 based on an initial share price of $12.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Citigroup reaffirmed an “outperform” rating on shares of National Healthcare Properties in a research note on Monday, August 10th. Raymond James Financial began coverage on shares of National Healthcare Properties in a research report on Tuesday. They set an “outperform” rating and a $20.00 price target on the stock. Citizens Jmp increased their price target on shares of National Healthcare Properties from $18.00 to $21.00 and gave the stock a “market outperform” rating in a research note on Monday, August 10th. Royal Bank Of Canada increased their price target on shares of National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Monday, August 17th. Finally, Huntington assumed coverage on shares of National Healthcare Properties in a report on Friday, July 17th. They issued an “outperform” rating and a $18.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, National Healthcare Properties presently has an average rating of “Hold” and a consensus price target of $18.40.
View Our Latest Stock Analysis on NHP
National Healthcare Properties Stock Up 0.4%
NASDAQ NHP opened at $15.11 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. National Healthcare Properties has a twelve month low of $11.25 and a twelve month high of $17.46. The company has a market capitalization of $1.10 billion and a price-to-earnings ratio of -116.23. The company’s 50 day moving average price is $16.09.
National Healthcare Properties (NASDAQ:NHP – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $87.53 million during the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%. During the same period last year, the business posted ($0.85) EPS. On average, research analysts anticipate that National Healthcare Properties will post 0.73 earnings per share for the current year.
National Healthcare Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 12th were given a $0.0750 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.0%. National Healthcare Properties’s dividend payout ratio is currently -230.77%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Copeland Capital Management LLC bought a new stake in National Healthcare Properties during the third quarter worth about $90,000. Envestnet Asset Management Inc. purchased a new stake in National Healthcare Properties in the second quarter worth about $366,000. The Manufacturers Life Insurance Company bought a new position in shares of National Healthcare Properties during the second quarter valued at approximately $518,000. Readystate Asset Management LP bought a new position in shares of National Healthcare Properties during the second quarter valued at approximately $747,000. Finally, Squarepoint Ops LLC bought a new position in shares of National Healthcare Properties during the second quarter valued at approximately $5,233,000.
National Healthcare Properties Company Profile
National Healthcare Properties, Inc was a U.S.-based real estate investment trust focused on healthcare-related properties. The company’s portfolio consisted primarily of income-producing healthcare facilities, including skilled nursing centers, assisted-living communities, and other properties used by healthcare providers.
Its business model was based on acquiring healthcare real estate and leasing those properties to operators under long-term agreements. Through this approach, National Healthcare Properties sought to generate rental income from facilities serving aging and medically dependent populations.
National Healthcare Properties was historically associated with the U.S.
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