National Healthcare Properties (NASDAQ:NHP) Announces Quarterly Earnings Results

National Healthcare Properties (NASDAQ:NHP) announced its earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, RTT News reports. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 7.36%. The firm had revenue of $87.53 million for the quarter. During the same period in the prior year, the company earned ($0.85) earnings per share.

National Healthcare Properties Stock Performance

Shares of NHP traded up $0.80 during mid-day trading on Thursday, hitting $16.83. 2,297,179 shares of the company’s stock were exchanged, compared to its average volume of 434,993. The firm’s fifty day simple moving average is $14.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.81. National Healthcare Properties has a twelve month low of $11.25 and a twelve month high of $17.42.

National Healthcare Properties Announces Dividend

The firm also recently declared 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 1.8%.

Analysts Set New Price Targets

NHP has been the subject of several research reports. Robert W. Baird started coverage on shares of National Healthcare Properties in a research report on Monday, May 18th. They set an “outperform” rating and a $17.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of National Healthcare Properties in a report on Monday, May 18th. They issued a “buy” rating and a $20.00 target price on the stock. National Bank Financial set a $18.00 target price on shares of National Healthcare Properties in a research note on Thursday, May 28th. Wells Fargo & Company raised their target price on shares of National Healthcare Properties from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada began coverage on shares of National Healthcare Properties in a research report on Monday, May 18th. They issued a “sector perform” rating and a $15.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.33.

National Healthcare Properties Company 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.