National Healthcare Properties (NASDAQ:NHP) Issues Earnings Results

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

National Healthcare Properties Price Performance

Shares of NASDAQ:NHP traded up $0.80 during midday trading on Thursday, hitting $16.83. The company had a trading volume of 2,297,179 shares, compared to its average volume of 434,993. National Healthcare Properties has a twelve month low of $11.25 and a twelve month high of $17.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.23 and a current ratio of 0.23. The firm’s 50-day moving average is $14.97.

National Healthcare Properties Dividend Announcement

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 $0.075 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.8%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Zacks Research upgraded National Healthcare Properties to a “hold” rating in a research report on Tuesday, June 9th. Morgan Stanley assumed coverage on National Healthcare Properties in a research note on Monday, May 18th. They issued an “equal weight” rating and a $16.00 price objective for the company. National Bank Financial set a $18.00 price objective on National Healthcare Properties in a report on Thursday, May 28th. Royal Bank Of Canada initiated coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They set a “sector perform” rating and a $15.00 target price on the stock. Finally, Weiss Ratings started coverage on shares of National Healthcare Properties in a report on Monday, July 20th. They set a “sell (d)” rating for the company. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.33.

About National Healthcare Properties

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.