National Healthcare Properties, Inc. (NASDAQ:NHP) Sees Large Growth in Short Interest

National Healthcare Properties, Inc. (NASDAQ:NHP) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,954,041 shares, an increase of 125.8% from the June 15th total of 1,751,450 shares. Based on an average daily volume of 1,913,413 shares, the short-interest ratio is presently 2.1 days. Currently, 5.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

NHP has been the topic of several analyst reports. Wall Street Zen upgraded shares of National Healthcare Properties to a “hold” rating in a research report on Saturday, May 2nd. Citizens Jmp began coverage on shares of National Healthcare Properties in a research report on Thursday, May 28th. They issued a “market outperform” rating and a $18.00 price objective for the company. Robert W. Baird assumed coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They set an “outperform” rating and a $17.00 target price on the stock. Zacks Research upgraded National Healthcare Properties to a “hold” rating in a research report on Tuesday, June 9th. Finally, BMO Capital Markets started coverage on National Healthcare Properties in a research report on Monday, May 18th. They set a “market perform” rating and a $17.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.12.

National Healthcare Properties Stock Up 3.4%

Shares of NHP stock opened at $15.63 on Wednesday. National Healthcare Properties has a fifty-two week low of $11.25 and a fifty-two week high of $15.90. The company has a fifty day moving average price of $14.46. The stock has a market cap of $1.14 billion and a price-to-earnings ratio of 11.52.

National Healthcare Properties (NASDAQ:NHP) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.27) earnings per share (EPS) for the quarter. The firm had revenue of $86.29 million during the quarter.

National Healthcare Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.9%.