549,593 Shares in National Healthcare Properties, Inc. $NHP Bought by Irenic Capital Management LP

Irenic Capital Management LP bought a new stake in shares of National Healthcare Properties, Inc. (NASDAQ:NHP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 549,593 shares of the company’s stock, valued at approximately $8,052,000. Irenic Capital Management LP owned 0.75% of National Healthcare Properties at the end of the most recent reporting period.

Separately, Alyeska Investment Group L.P. acquired a new stake in National Healthcare Properties during the 2nd quarter worth about $37,278,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. KeyCorp assumed coverage on National Healthcare Properties in a research note on Monday, May 18th. They set a “sector weight” rating for the company. Zacks Research upgraded National Healthcare Properties to a “hold” rating in a research note on Tuesday, June 9th. Weiss Ratings initiated coverage on National Healthcare Properties in a report on Monday, July 20th. They set a “sell (d)” rating on the stock. Morgan Stanley initiated coverage on National Healthcare Properties in a research report on Monday, May 18th. They set an “equal weight” rating and a $16.00 price target for the company. Finally, Citigroup reissued an “outperform” rating on shares of National Healthcare Properties in a report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, National Healthcare Properties currently has a consensus rating of “Hold” and a consensus target price of $18.22.

National Healthcare Properties Stock Performance

The company has a 50-day moving average of $15.87. The company has a market capitalization of $1.18 billion and a price-to-earnings ratio of -124.62. National Healthcare Properties, Inc. has a twelve month low of $11.25 and a twelve month high of $17.46. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45.

National Healthcare Properties (NASDAQ:NHP) last issued its quarterly 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 for the quarter. During the same period in the prior year, the company posted ($0.85) EPS. As a group, equities research analysts anticipate that National Healthcare Properties, Inc. will post 0.7 earnings per share for the current fiscal year.

National Healthcare Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, July 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.9%. National Healthcare Properties’s dividend payout ratio is -230.77%.

National Healthcare Properties Profile

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.