Irenic Capital Management LP Takes Position in National Healthcare Properties, Inc. $NHP

Irenic Capital Management LP purchased a new position in shares of National Healthcare Properties, Inc. (NASDAQ:NHP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 549,593 shares of the company’s stock, valued at approximately $8,052,000.

Separately, Alyeska Investment Group L.P. purchased a new position in National Healthcare Properties in the 2nd quarter valued at $37,278,000.

National Healthcare Properties Stock Performance

The stock has a market capitalization of $1.18 billion and a PE ratio of -124.62. The stock has a fifty day moving average of $15.87. 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, Inc. has a 12 month low of $11.25 and a 12 month high of $17.46.

National Healthcare Properties (NASDAQ:NHP) last announced its quarterly earnings data 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 period in the prior year, the company posted ($0.85) earnings per share. Research analysts expect that National Healthcare Properties, Inc. will post 0.7 EPS for the current fiscal year.

National Healthcare Properties Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on NHP. Huntington began coverage on shares of National Healthcare Properties in a research note on Friday, July 17th. They issued an “outperform” rating and a $18.00 price objective on the stock. Citigroup reaffirmed an “outperform” rating on shares of National Healthcare Properties in a report on Monday, August 10th. BMO Capital Markets assumed coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They set a “market perform” rating and a $17.00 price target on the stock. Wells Fargo & Company increased their price target on shares of National Healthcare Properties from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Robert W. Baird raised 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. Six 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.22.

National Healthcare Properties 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.