National Healthcare Properties, Inc. (NASDAQ:NHPBP – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,509 shares, an increase of 100.1% from the September 15th total of 754 shares. Based on an average daily trading volume, of 9,227 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On National Healthcare Properties
A hedge fund recently bought a new stake in National Healthcare Properties stock. Bank of New York Mellon Corp purchased a new stake in shares of National Healthcare Properties, Inc. (NASDAQ:NHPBP – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 551,799 shares of the company’s stock, valued at approximately $8,084,000.
National Healthcare Properties Stock Performance
NASDAQ NHPBP remained flat at $25.44 on Wednesday. The company’s fifty day simple moving average is $25.27 and its 200-day simple moving average is $22.85. National Healthcare Properties has a 12 month low of $17.00 and a 12 month high of $25.45.
About National Healthcare Properties
National Healthcare Properties, Inc was a real estate investment trust focused on owning and leasing healthcare-related properties. Its portfolio historically included skilled nursing facilities, assisted-living communities, medical office buildings and other healthcare facilities operated by third-party healthcare providers.
The company generated rental income through long-term leases with healthcare operators and served the healthcare real estate market in the United States. Its properties were generally leased under arrangements designed to provide relatively predictable cash flow while allowing healthcare providers to operate the facilities.
National Healthcare Properties was acquired by Health Care REIT, Inc in 2007, and its common stock ceased trading following the transaction.
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