National Healthcare Properties (NASDAQ:NHP) Posts Earnings Results

National Healthcare Properties (NASDAQ:NHP) announced its quarterly earnings data on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, RTT News reports. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 7.36%. The company had revenue of $87.53 million for the quarter. During the same period in the previous year, the business posted ($0.85) EPS.

National Healthcare Properties Price Performance

NHP stock traded down $0.08 during trading on Friday, hitting $16.75. 569,463 shares of the company’s stock traded hands, compared to its average volume of 802,982. National Healthcare Properties has a 52 week low of $11.25 and a 52 week high of $17.46. The firm has a fifty day simple moving average of $14.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.81.

National Healthcare Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, July 15th. This represents a $0.30 annualized dividend and a yield of 1.8%.

Analysts Set New Price Targets

NHP has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on shares of National Healthcare Properties in a research report on Monday, May 18th. They set an “equal weight” rating and a $16.00 price objective on the stock. Huntington assumed coverage on National Healthcare Properties in a report on Friday, July 17th. They set an “outperform” rating and a $18.00 price target on the stock. KeyCorp initiated coverage on National Healthcare Properties in a research report on Monday, May 18th. They issued a “sector weight” rating on the stock. The Goldman Sachs Group assumed coverage on National Healthcare Properties in a research report on Monday, May 18th. They set a “buy” rating and a $20.00 target price for the company. Finally, Robert W. Baird initiated coverage on National Healthcare Properties in a report on Monday, May 18th. They issued an “outperform” rating and a $17.00 price target on the stock. Six 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.33.

About National Healthcare Properties

National Healthcare Properties Inc is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing. National Healthcare Properties Inc is based in NEW YORK.