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

Readystate Asset Management LP purchased a new position in National Healthcare Properties, Inc. (NASDAQ:NHP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 51,000 shares of the company’s stock, valued at approximately $747,000.

Separately, Irenic Capital Management LP acquired a new stake in National Healthcare Properties during the 2nd quarter valued at approximately $8,052,000.

Analyst Ratings Changes

A number of brokerages have issued reports on NHP. KeyCorp began coverage on National Healthcare Properties in a research report on Monday, May 18th. They issued a “sector weight” rating on the stock. Royal Bank Of Canada raised 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 report on Monday, August 17th. Weiss Ratings started coverage on shares of National Healthcare Properties in a research note on Monday, July 20th. They issued a “sell (d)” rating for the company. Robert W. Baird upped their price target on shares of National Healthcare Properties from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Finally, The Goldman Sachs Group assumed coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They set a “buy” rating and a $20.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.22.

National Healthcare Properties Price Performance

Shares of National Healthcare Properties stock 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. The company has a market capitalization of $1.18 billion and a price-to-earnings ratio of -124.62. National Healthcare Properties, Inc. has a fifty-two week low of $11.25 and a fifty-two week high of $17.46. The company has a 50-day moving average price of $15.90.

National Healthcare Properties (NASDAQ:NHP) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%.The firm had revenue of $87.53 million for the quarter. During the same quarter in the previous year, the company posted ($0.85) earnings per share. As a group, equities research analysts anticipate that National Healthcare Properties, Inc. will post 0.7 earnings per share for the current year.

National Healthcare Properties Announces Dividend

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

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.