National Healthcare Properties (NASDAQ:NHP) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

National Healthcare Properties (NASDAQ:NHP) posted its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06, FiscalAI reports. The firm had revenue of $103.06 million for the quarter. National Healthcare Properties had a negative return on equity of 1.62% and a negative net margin of 3.35%.

National Healthcare Properties Stock Performance

Shares of National Healthcare Properties stock traded up $0.08 during trading on Friday, hitting $15.29. 601,977 shares of the stock traded hands, compared to its average volume of 855,661. The company has a market capitalization of $1.11 billion and a PE ratio of -117.62. 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 has a twelve month low of $11.25 and a twelve month high of $17.46. The business’s fifty day moving average is $15.71.

National Healthcare Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 12th were paid a dividend of $0.0750 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.0%. National Healthcare Properties’s dividend payout ratio (DPR) is -230.77%.

Hedge Funds Weigh In On National Healthcare Properties

A number of hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in National Healthcare Properties in the third quarter worth approximately $175,000. Copeland Capital Management LLC acquired a new position in shares of National Healthcare Properties during the 3rd quarter worth $90,000. Envestnet Asset Management Inc. acquired a new position in shares of National Healthcare Properties during the 2nd quarter worth $366,000. State Street Corp bought a new position in shares of National Healthcare Properties during the 2nd quarter valued at $8,975,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of National Healthcare Properties during the 2nd quarter valued at $518,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NHP shares. Huntington assumed coverage on National Healthcare Properties in a research note on Wednesday. They set a “strong-buy” rating on the stock. Citizens Jmp increased their price target on shares of National Healthcare Properties from $18.00 to $21.00 and gave the stock a “market outperform” rating in a research report on Monday, August 10th. Citigroup reissued an “outperform” rating on shares of National Healthcare Properties in a research report on Monday, August 10th. Royal Bank Of Canada raised their price target on shares of National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a report on Monday, August 17th. Finally, Robert W. Baird boosted their price objective on shares of National Healthcare Properties from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

National Healthcare Properties Company Profile

National Health Properties, Inc was a real estate investment trust that owned and leased healthcare-related properties in the United States. Its portfolio included healthcare facilities such as skilled nursing centers, assisted living communities, medical office buildings and other properties used by healthcare providers.

The company generally generated rental income through long-term leases with healthcare operators. Its business model focused on acquiring and managing income-producing healthcare real estate rather than directly providing medical or senior-care services.

National Health Properties was acquired by Ventas, Inc in 2015 and no longer operates as an independent publicly traded company.