Citadel Advisors LLC Takes $7.33 Million Position in National Healthcare Properties, Inc. $NHP

Citadel Advisors LLC acquired a new stake in shares of National Healthcare Properties, Inc. (NASDAQ:NHP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 500,000 shares of the company’s stock, valued at approximately $7,325,000. Citadel Advisors LLC owned approximately 0.69% of National Healthcare Properties as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System bought a new position in National Healthcare Properties in the second quarter worth approximately $135,000. Readystate Asset Management LP purchased a new stake in National Healthcare Properties during the second quarter worth $747,000. Irenic Capital Management LP bought a new stake in National Healthcare Properties during the 2nd quarter valued at $8,052,000. Finally, Alyeska Investment Group L.P. bought a new stake in National Healthcare Properties during the 2nd quarter valued at $37,278,000.

Analyst Upgrades and Downgrades

NHP has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on National Healthcare Properties from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Huntington assumed coverage on National Healthcare Properties in a research report on Friday, July 17th. They set an “outperform” rating and a $18.00 price objective on the stock. National Bank Financial set a $18.00 target price on National Healthcare Properties in a research note on Thursday, May 28th. Robert W. Baird boosted their target price on shares of National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Finally, The Goldman Sachs Group started coverage on shares of National Healthcare Properties in a research report on Monday, May 18th. They set a “buy” rating and a $20.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.22.

National Healthcare Properties Stock Performance

Shares of NHP stock opened at $16.20 on Tuesday. The business’s fifty day simple moving average is $15.90. The firm has a market capitalization of $1.18 billion and a P/E ratio of -124.62. 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 12-month low of $11.25 and a 12-month high of $17.46.

National Healthcare Properties (NASDAQ:NHP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%.The business had revenue of $87.53 million during the quarter. During the same period last year, the firm earned ($0.85) earnings per share. On average, equities analysts forecast that National Healthcare Properties, Inc. will post 0.7 earnings per share for the current year.

National Healthcare Properties Announces Dividend

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