National HealthCare (NYSEAMERICAN:NHC) Shares Down 7.1% – What’s Next?
by Renee Jackson · The Cerbat GemNational HealthCare Corporation (NYSEAMERICAN:NHC – Get Free Report) traded down 7.1% on Tuesday . The company traded as low as $182.01 and last traded at $182.01. 79,155 shares traded hands during trading, a decline of 20% from the average session volume of 98,880 shares. The stock had previously closed at $196.00.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Robert W. Baird upgraded National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. BMO Capital Markets upgraded National HealthCare to a “hold” rating in a research report on Monday, May 18th. Royal Bank Of Canada upgraded shares of National HealthCare to a “hold” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group upgraded shares of National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.
View Our Latest Stock Analysis on NHC
National HealthCare Trading Down 3.7%
The company has a market capitalization of $2.89 billion, a PE ratio of 23.49 and a beta of 0.64. The firm has a fifty day moving average of $174.24 and a two-hundred day moving average of $155.30.
National HealthCare (NYSEAMERICAN:NHC – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $1.91 earnings per share for the quarter. The company had revenue of $381.82 million during the quarter. National HealthCare had a return on equity of 9.98% and a net margin of 8.10%.
National HealthCare Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.68 annualized dividend and a yield of 1.4%. This is a boost from National HealthCare’s previous quarterly dividend of $0.64. National HealthCare’s dividend payout ratio (DPR) is currently 59.12%.
Institutional Investors Weigh In On National HealthCare
Large investors have recently added to or reduced their stakes in the company. Morgan Stanley Institutional Investment Advisors LLC grew its stake in shares of National HealthCare by 38.6% in the fourth quarter. Morgan Stanley Institutional Investment Advisors LLC now owns 1,038,787 shares of the company’s stock worth $142,407,000 after purchasing an additional 289,566 shares during the last quarter. First Trust Advisors LP raised its holdings in National HealthCare by 45.4% in the first quarter. First Trust Advisors LP now owns 530,302 shares of the company’s stock worth $84,689,000 after purchasing an additional 165,615 shares in the last quarter. M Holdings Securities Inc. bought a new position in National HealthCare in the third quarter worth $56,283,000. Geode Capital Management LLC lifted its holdings in shares of National HealthCare by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 318,440 shares of the company’s stock valued at $43,662,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of National HealthCare by 19.9% during the third quarter. Alps Advisors Inc. now owns 176,002 shares of the company’s stock valued at $21,386,000 after purchasing an additional 29,246 shares during the last quarter. Institutional investors own 56.44% of the company’s stock.
National HealthCare Company Profile
National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.
Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.