National Healthcare Properties, Inc. (NASDAQ:NHP) Shares Will Pay Quarterly Dividend of $0.07

National Healthcare Properties, Inc. (NASDAQ:NHP) declared a quarterly dividend on Thursday, October 1st. Shareholders of record on Monday, October 12th will be given a dividend of $0.0750 per share on Friday, October 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 9th.

National Healthcare Properties Price Performance

NASDAQ:NHP opened at $16.12 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. The stock’s 50-day simple moving average is $16.21. The company has a market capitalization of $1.18 billion and a P/E ratio of -124.00. National Healthcare Properties has a one year low of $11.25 and a one year high of $17.46.

National Healthcare Properties (NASDAQ:NHP) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%.The business had revenue of $87.53 million during the quarter. During the same quarter in the previous year, the firm earned ($0.85) EPS. On average, equities research analysts expect that National Healthcare Properties will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Robert W. Baird raised their target price on National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Weiss Ratings assumed coverage on shares of National Healthcare Properties in a research report on Monday, July 20th. They issued a “sell (d)” rating for the company. Wells Fargo & Company increased their target price on shares of National Healthcare Properties from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada boosted their price target on shares of National Healthcare Properties from $15.00 to $17.00 and gave the company a “sector perform” rating in a research report on Monday, August 17th. Finally, Citigroup reissued an “outperform” rating on shares of National Healthcare Properties in a research note on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.22.

About National Healthcare Properties

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.