Citadel Advisors LLC Purchases Shares of 500,000 National Healthcare Properties, Inc. $NHP

Citadel Advisors LLC purchased a new position in National Healthcare Properties, Inc. (NASDAQ:NHP) in the second quarter, HoldingsChannel reports. The institutional investor purchased 500,000 shares of the company’s stock, valued at approximately $7,325,000.

Several other institutional investors and hedge funds have also made changes to their positions in NHP. California State Teachers Retirement System purchased a new stake in shares of National Healthcare Properties during the second quarter valued at $135,000. Readystate Asset Management LP purchased a new position in National Healthcare Properties in the 2nd quarter worth $747,000. Irenic Capital Management LP purchased a new position in National Healthcare Properties in the 2nd quarter worth $8,052,000. Finally, Alyeska Investment Group L.P. acquired a new stake in National Healthcare Properties during the 2nd quarter worth about $37,278,000.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NHP shares. BMO Capital Markets started coverage on National Healthcare Properties in a report on Monday, May 18th. They issued a “market perform” rating and a $17.00 price objective on the stock. Royal Bank Of Canada lifted their target price on National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a report on Monday, August 17th. Huntington initiated coverage on National Healthcare Properties in a research report on Friday, July 17th. They issued an “outperform” rating and a $18.00 target price on the stock. KeyCorp initiated coverage on shares of National Healthcare Properties in a report on Monday, May 18th. They issued a “sector weight” rating on the stock. Finally, Morgan Stanley assumed 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 target for the company. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, National Healthcare Properties presently has an average rating of “Hold” and an average target price of $18.22.

National Healthcare Properties Stock Performance

NASDAQ:NHP opened at $16.20 on Tuesday. National Healthcare Properties, Inc. has a one year low of $11.25 and a one year high of $17.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $1.18 billion and a price-to-earnings ratio of -124.62. The firm has a fifty day simple moving average of $15.90.

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

National Healthcare Properties Dividend Announcement

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

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.