National Healthcare Properties (NASDAQ:NHP) Releases Earnings Results, Beats Expectations By $0.01 EPS

National Healthcare Properties (NASDAQ:NHP) issued its quarterly earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01, Zacks reports. The firm had revenue of $103.06 million during the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%.

National Healthcare Properties Stock Up 2.0%

NASDAQ:NHP traded up $0.31 during mid-day trading on Wednesday, reaching $15.80. The company’s stock had a trading volume of 1,288,705 shares, compared to its average volume of 850,052. National Healthcare Properties has a 1 year low of $11.25 and a 1 year high of $17.46. The business’s fifty day simple moving average is $15.74. The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of -121.54. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 12th were paid a $0.0750 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. National Healthcare Properties’s dividend payout ratio is -230.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NHP. Copeland Capital Management LLC bought a new stake in shares of National Healthcare Properties in the 3rd quarter valued at about $90,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of National Healthcare Properties during the third quarter valued at approximately $175,000. Envestnet Asset Management Inc. bought a new position in shares of National Healthcare Properties during the second quarter valued at approximately $366,000. The Manufacturers Life Insurance Company bought a new position in shares of National Healthcare Properties during the second quarter valued at approximately $518,000. Finally, Readystate Asset Management LP bought a new position in shares of National Healthcare Properties during the second quarter valued at approximately $747,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen upgraded National Healthcare Properties from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Robert W. Baird upped their price target on shares of National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Huntington started coverage on shares of National Healthcare Properties in a report on Friday, July 17th. They issued an “outperform” rating and a $18.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of National Healthcare Properties from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Citigroup reiterated an “outperform” rating on shares of National Healthcare Properties in a report on Monday, August 10th. Seven 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.30.

About National Healthcare Properties

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.