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

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

National Healthcare Properties Trading Down 3.2%

Shares of NHP traded down $0.51 during midday trading on Thursday, reaching $15.29. The stock had a trading volume of 374,974 shares, compared to its average volume of 845,238. The business has a 50-day moving average price of $15.74. National Healthcare Properties has a 12-month low of $11.25 and a 12-month high of $17.46. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $1.11 billion and a P/E ratio of -117.62.

National Healthcare Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 12th were paid a dividend of $0.0750 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.30 annualized dividend and a yield of 2.0%. National Healthcare Properties’s payout ratio is -230.77%.

Hedge Funds Weigh In On National Healthcare Properties

A number of large investors have recently modified their holdings of NHP. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of National Healthcare Properties during the third quarter worth approximately $175,000. Copeland Capital Management LLC bought a new stake in shares of National Healthcare Properties in the 3rd quarter worth approximately $90,000. Envestnet Asset Management Inc. purchased a new stake in shares of National Healthcare Properties in the 2nd quarter valued at $366,000. State Street Corp bought a new stake in National Healthcare Properties in the second quarter worth $8,975,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in National Healthcare Properties during the second quarter valued at about $518,000.

Analyst Upgrades and Downgrades

NHP has been the subject of several recent analyst reports. Citizens Jmp boosted their price objective on National Healthcare Properties from $18.00 to $21.00 and gave the stock a “market outperform” rating in a report on Monday, August 10th. Huntington initiated coverage on shares of National Healthcare Properties in a research note on Friday, July 17th. They issued an “outperform” rating and a $18.00 target price on the stock. Citigroup reiterated an “outperform” rating on shares of National Healthcare Properties in a research report on Monday, August 10th. Wall Street Zen raised shares of National Healthcare Properties from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, Royal Bank Of Canada boosted their price target on shares of National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Monday, August 17th. Seven research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.30.

National Healthcare Properties Company Profile

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.