National Healthcare Properties (NASDAQ:NHP) Hits New 52-Week High – Here’s Why

National Healthcare Properties, Inc. (NASDAQ:NHP)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $17.42 and last traded at $16.83, with a volume of 2297179 shares changing hands. The stock had previously closed at $16.03.

Analyst Ratings Changes

Several research firms have issued reports on NHP. Citizens Jmp started coverage on shares of National Healthcare Properties in a research report on Thursday, May 28th. They set a “market outperform” rating and a $18.00 price target on the stock. KeyCorp assumed coverage on shares of National Healthcare Properties in a research report on Monday, May 18th. They issued a “sector weight” rating for the company. Weiss Ratings assumed coverage on shares of National Healthcare Properties in a research note on Monday, July 20th. They set a “sell (d)” rating on the stock. National Bank Financial set a $18.00 target price on shares of National Healthcare Properties in a report on Thursday, May 28th. Finally, Morgan Stanley assumed coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They issued an “equal weight” rating and a $16.00 target price for the company. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.33.

National Healthcare Properties Price Performance

The firm’s fifty day simple moving average is $14.97. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.23 and a current ratio of 0.23.

National Healthcare Properties (NASDAQ:NHP) last posted its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $87.53 million for the quarter. National Healthcare Properties had a negative return on equity of 7.36% and a negative net margin of 13.04%.During the same period in the previous year, the company posted ($0.85) EPS. Equities research analysts predict that National Healthcare Properties, Inc. will post 0.76 EPS for the current year.

National Healthcare Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Wednesday, July 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, July 15th.

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.