Macquarie upgraded shares of National HealthCare Co. (NYSEMKT:NHC) from an underperform rating to an outperform rating in a report published on Thursday morning.

Shares of National HealthCare (NYSEMKT:NHC) opened at 65.95 on Thursday. National HealthCare has a 52-week low of $57.16 and a 52-week high of $69.40. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 19.41 and a beta of 0.91. The firm’s 50-day moving average is $64.74 and its 200 day moving average is $64.01.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, September 30th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, September 28th. National HealthCare’s dividend payout ratio (DPR) is 52.94%.

In related news, insider David L. Lassiter sold 2,704 shares of National HealthCare stock in a transaction on Friday, September 16th. The shares were sold at an average price of $64.50, for a total value of $174,408.00. Following the completion of the sale, the insider now owns 17,500 shares of the company’s stock, valued at approximately $1,128,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Health Corp National sold 130,000 shares of National HealthCare stock in a transaction on Friday, August 5th. The shares were sold at an average price of $63.04, for a total transaction of $8,195,200.00. Following the completion of the sale, the insider now directly owns 1,084,763 shares of the company’s stock, valued at approximately $68,383,459.52. The disclosure for this sale can be found here.

About National HealthCare

National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities with associated assisted living and independent living centers. The Company’s business activities include providing sub-acute skilled and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, senior living services, and home healthcare services.

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