Sumitomo Mitsui Trust Group Inc. Sells 103,054 Shares of National Healthcare Properties, Inc. $NHP

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of National Healthcare Properties, Inc. (NASDAQ:NHP) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,636,170 shares of the company’s stock after selling 103,054 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in National Healthcare Properties were worth $26,244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alyeska Investment Group L.P. bought a new position in shares of National Healthcare Properties in the 2nd quarter worth approximately $37,278,000. State Street Corp purchased a new position in shares of National Healthcare Properties in the 2nd quarter valued at approximately $8,975,000. Irenic Capital Management LP bought a new stake in shares of National Healthcare Properties during the second quarter valued at approximately $8,052,000. Citadel Advisors LLC bought a new stake in shares of National Healthcare Properties during the second quarter valued at approximately $7,325,000. Finally, Squarepoint Ops LLC bought a new stake in shares of National Healthcare Properties during the second quarter valued at approximately $5,233,000.

Analysts Set New Price Targets

Several brokerages recently weighed in on NHP. Raymond James Financial assumed coverage on National Healthcare Properties in a research note on Tuesday, October 13th. They issued an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of National Healthcare Properties in a research report on Friday, October 16th. Citizens Jmp raised their price objective on National Healthcare Properties from $18.00 to $21.00 and gave the company a “market outperform” rating in a research report on Monday, August 10th. Royal Bank Of Canada boosted their target price on shares of National Healthcare Properties from $15.00 to $17.00 and gave the company a “sector perform” rating in a report on Monday, August 17th. Finally, Huntington initiated coverage on shares of National Healthcare Properties in a research report on Friday, July 17th. They issued an “outperform” rating and a $18.00 target price on the stock. 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.30.

National Healthcare Properties Stock Performance

Shares of NHP opened at $15.21 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. National Healthcare Properties, Inc. has a fifty-two week low of $11.25 and a fifty-two week high of $17.46. The business has a 50-day simple moving average of $15.71.

National Healthcare Properties (NASDAQ:NHP) last released its earnings results on Wednesday, November 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. National Healthcare Properties had a negative net margin of 3.35% and a negative return on equity of 1.62%. The firm had revenue of $103.06 million during the quarter. As a group, equities analysts expect that National Healthcare Properties, Inc. will post 0.75 earnings per share for the current fiscal year.

National Healthcare Properties Dividend Announcement

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

About National Healthcare Properties

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.