National Healthcare Properties, Inc. (NASDAQ:NHPBP) Sees Large Drop in Short Interest

National Healthcare Properties, Inc. (NASDAQ:NHPBP) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 834 shares, a drop of 39.0% from the August 15th total of 1,367 shares. Based on an average daily volume of 4,064 shares, the days-to-cover ratio is currently 0.2 days.

National Healthcare Properties Trading Up 0.0%

NHPBP stock traded up $0.01 during midday trading on Thursday, hitting $25.39. The company’s stock had a trading volume of 2,376 shares, compared to its average volume of 12,259. National Healthcare Properties has a 12 month low of $17.00 and a 12 month high of $25.45. The company has a 50 day moving average of $24.21 and a two-hundred day moving average of $21.96.

National Healthcare Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were given a dividend of $0.4453 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.0%.

Institutional Trading of National Healthcare Properties

An institutional investor recently bought a new position in National Healthcare Properties stock. Bank of New York Mellon Corp acquired a new stake in shares of National Healthcare Properties, Inc. (NASDAQ:NHPBP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 551,799 shares of the company’s stock, valued at approximately $8,084,000.

About National Healthcare Properties

NHP is a $2.6 billion healthcare REIT with a high-quality portfolio focused on two segments, Medical Office Buildings and Senior Housing Operating Properties.