Readystate Asset Management LP Invests $747,000 in National Healthcare Properties, Inc. $NHP

Readystate Asset Management LP bought a new position in shares of National Healthcare Properties, Inc. (NASDAQ:NHP) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 51,000 shares of the company’s stock, valued at approximately $747,000. Readystate Asset Management LP owned 0.07% of National Healthcare Properties as of its most recent filing with the SEC.

Separately, Irenic Capital Management LP acquired a new position in National Healthcare Properties during the second quarter valued at approximately $8,052,000.

National Healthcare Properties Price Performance

NASDAQ NHP opened at $16.20 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. National Healthcare Properties, Inc. has a fifty-two week low of $11.25 and a fifty-two week high of $17.46. The business has a 50 day moving average of $15.90. The stock has a market cap of $1.18 billion and a PE ratio of -124.62.

National Healthcare Properties (NASDAQ:NHP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. The firm had revenue of $87.53 million for the quarter. During the same quarter in the prior year, the company earned ($0.85) EPS. Sell-side analysts anticipate that National Healthcare Properties, Inc. will post 0.7 EPS for the current fiscal year.

National Healthcare Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 15th were paid 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 yield of 1.9%. National Healthcare Properties’s payout ratio is -230.77%.

Analysts Set New Price Targets

NHP has been the subject of several recent research reports. Zacks Research raised shares of National Healthcare Properties to a “hold” rating in a research report on Tuesday, June 9th. Citigroup restated 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 report on Monday, May 18th. They set a “market perform” rating and a $17.00 price target for the company. The Goldman Sachs Group started coverage on National Healthcare Properties in a report on Monday, May 18th. They issued a “buy” rating and a $20.00 price target for the company. Finally, KeyCorp assumed coverage on National Healthcare Properties in a research report on Monday, May 18th. They issued a “sector weight” rating on the stock. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.22.

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.