National Healthcare Properties, Inc. (NASDAQ:NHPAP) Short Interest Down 54.3% in May

National Healthcare Properties, Inc. (NASDAQ:NHPAP) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,472 shares, a drop of 54.3% from the May 14th total of 5,412 shares. Based on an average daily trading volume, of 32,253 shares, the days-to-cover ratio is presently 0.1 days.

National Healthcare Properties Stock Performance

NHPAP traded up $0.05 during trading on Friday, reaching $22.48. 66,980 shares of the company’s stock were exchanged, compared to its average volume of 11,038. National Healthcare Properties has a 1 year low of $14.00 and a 1 year high of $22.61. The company’s fifty day simple moving average is $21.43 and its 200-day simple moving average is $19.95.

National Healthcare Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th were given a dividend of $0.4609 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $1.84 dividend on an annualized basis and a yield of 8.2%.

Hedge Funds Weigh In On National Healthcare Properties

A hedge fund recently raised its stake in National Healthcare Properties stock. NBC Securities Inc. boosted its holdings in shares of National Healthcare Properties, Inc. (NASDAQ:NHPAP) by 96.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,625 shares of the company’s stock after buying an additional 4,243 shares during the quarter. NBC Securities Inc.’s holdings in National Healthcare Properties were worth $165,000 at the end of the most recent reporting period.

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.