The Manufacturers Life Insurance Company Invests $518,000 in National Healthcare Properties, Inc. $NHP

The Manufacturers Life Insurance Company bought a new position in shares of National Healthcare Properties, Inc. (NASDAQ:NHP) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 35,353 shares of the company’s stock, valued at approximately $518,000.

Other large investors also recently made changes to their positions in the company. Irenic Capital Management LP acquired a new position in National Healthcare Properties in the 2nd quarter valued at $8,052,000. Citadel Advisors LLC acquired a new stake in shares of National Healthcare Properties during the second quarter worth $7,325,000. Alyeska Investment Group L.P. acquired a new stake in shares of National Healthcare Properties during the second quarter worth $37,278,000. Readystate Asset Management LP bought a new stake in shares of National Healthcare Properties in the second quarter valued at about $747,000. Finally, Squarepoint Ops LLC bought a new stake in shares of National Healthcare Properties in the second quarter valued at about $5,233,000.

National Healthcare Properties Price Performance

Shares of National Healthcare Properties stock opened at $16.14 on Tuesday. The company has a 50 day moving average of $16.03. The firm has a market capitalization of $1.18 billion and a price-to-earnings ratio of -124.15. National Healthcare Properties, Inc. has a fifty-two week low of $11.25 and a fifty-two week high of $17.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79.

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

National Healthcare Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors 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 dividend on an annualized basis and a yield of 1.9%. National Healthcare Properties’s payout ratio is currently -230.77%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group began coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They issued a “buy” rating and a $20.00 price target on the stock. BMO Capital Markets began coverage on shares of National Healthcare Properties in a report on Monday, May 18th. They issued a “market perform” rating and a $17.00 price objective for the company. National Bank Financial set a $18.00 price objective on shares of National Healthcare Properties in a report on Thursday, May 28th. Royal Bank Of Canada increased their target price on shares of National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 17th. Finally, Citizens Jmp lifted their price target on shares of National Healthcare Properties from $18.00 to $21.00 and gave the company a “market outperform” rating in a research report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, National Healthcare Properties has an average rating of “Hold” and an average price target of $18.22.

National Healthcare Properties Profile

National Healthcare Properties, Inc was a healthcare real estate investment trust (REIT) that owned and leased properties used by healthcare providers. Its portfolio included skilled nursing facilities, assisted living communities, medical office buildings and other healthcare-related properties.

The company generally generated revenue through long-term leases with healthcare operators and served markets across the United States. Its business model focused on owning healthcare real estate and providing facilities for senior care, post-acute care and medical services.

National Healthcare Properties was formerly publicly traded under the ticker NHP on the New York Stock Exchange.