National Healthcare Properties, Inc.’s Lock-Up Period To End on October 19th (NASDAQ:NHP)

National Healthcare Properties’ (NASDAQ:NHP) lock-up period is set to expire on Monday, October 19th. National Healthcare Properties had issued 38,500,000 shares in its IPO on April 22nd. The total size of the offering was $462,000,000 based on an initial share price of $12.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

Several equities analysts have recently commented on NHP shares. Citizens Jmp upped their price objective on shares of National Healthcare Properties from $18.00 to $21.00 and gave the company a “market outperform” rating in a research note on Monday, August 10th. Raymond James Financial initiated coverage on National Healthcare Properties in a report on Tuesday. They set an “outperform” rating and a $20.00 price target on the stock. Wall Street Zen upgraded National Healthcare Properties from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Robert W. Baird upped their price target on National Healthcare Properties from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Finally, Royal Bank Of Canada increased their price objective on National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a report on Monday, August 17th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.40.

National Healthcare Properties Price Performance

Shares of National Healthcare Properties stock opened at $15.05 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $16.13. National Healthcare Properties has a 12-month low of $11.25 and a 12-month high of $17.46.

National Healthcare Properties (NASDAQ:NHP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company had revenue of $87.53 million during 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 previous year, the business earned ($0.85) EPS. On average, equities analysts expect that National Healthcare Properties will post 0.73 earnings per share for the current fiscal year.

National Healthcare Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, October 12th will be issued a $0.0750 dividend. The ex-dividend date is Friday, October 9th. This represents a $0.30 annualized dividend and a yield of 2.0%. National Healthcare Properties’s dividend payout ratio (DPR) is -230.77%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Copeland Capital Management LLC purchased a new position in shares of National Healthcare Properties in the 3rd quarter valued at approximately $90,000. Envestnet Asset Management Inc. bought a new position in National Healthcare Properties in the second quarter worth $366,000. The Manufacturers Life Insurance Company bought a new position in National Healthcare Properties in the second quarter worth $518,000. Readystate Asset Management LP bought a new position in National Healthcare Properties in the second quarter worth $747,000. Finally, Squarepoint Ops LLC purchased a new position in National Healthcare Properties during the second quarter valued at $5,233,000.

National Healthcare Properties Company Profile

National Healthcare Properties, Inc was a U.S.-based real estate investment trust focused on healthcare-related properties. The company’s portfolio consisted primarily of income-producing healthcare facilities, including skilled nursing centers, assisted-living communities, and other properties used by healthcare providers.

Its business model was based on acquiring healthcare real estate and leasing those properties to operators under long-term agreements. Through this approach, National Healthcare Properties sought to generate rental income from facilities serving aging and medically dependent populations.

National Healthcare Properties was historically associated with the U.S.