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Nationwide Health Properties Inc

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BUSINESS
November 15, 2000 | Dow Jones
A month-long slide that wiped out 24% of the value of Nationwide Health Properties Inc. has gone on long enough, an industry analyst said in boosting his rating Tuesday of the Newport Beach real estate investment trust to "buy" from "market perform." The company's stock responded by gaining 31 cents to close at $12.56 a share in New York Stock Exchange trading. The shares had fallen from $16.19 on Oct. 10 to $12.25 a share Monday, its low for the past three months.
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BUSINESS
April 19, 2001
The Newport Beach real estate trust that invests primarily in health-care facilities reported net income of $13.2 million, or 29 cents a share, for the first quarter, down 15% from $15.6 million, or 34 cents a share, for the first quarter of 2000. Revenue declined 2% to $41.7 million. The company attributed its lower results in 2001 to the sale of about $35 million in assets during the last year.
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BUSINESS
November 15, 2000 | Dow Jones
A month-long slide that wiped out 24% of the value of Nationwide Health Properties Inc. has gone on long enough, an industry analyst said in boosting his rating Tuesday of the Newport Beach real estate investment trust to "buy" from "market perform." The company's stock responded by gaining 31 cents to close at $12.56 a share in New York Stock Exchange trading. The shares had fallen from $16.19 on Oct. 10 to $12.25 a share Monday, its low for the past three months.
BUSINESS
January 10, 1997
Nationwide Health Properties Inc. said it has completed its previously announced purchase of health-care facilities in Oak Park, Ill., and Corpus Christi, Texas, for $27.6 million. Nationwide Health, a real estate investment trust, said the facilities will be leased to American Retirement Corp. The facilities include 230 independent living units, 47 assisted living units and 55 nursing home beds.
BUSINESS
October 12, 1994
Nationwide Health Properties Inc. said Tuesday that it has added nine properties to its portfolio of health-care facilities. The real estate investment trust, based in Newport Beach, said it paid $19 million to buy five long-term care facilities that together have more than 600 beds. It also provided $6 million in mortgage financing for four nursing homes. The new facilities bring Nationwide Health Properties' total investments for 1994 to $87 million.
BUSINESS
August 21, 1997 | Dow Jones
Nationwide Health Properties Inc. said it agreed to buy five retirement home properties from a closely held Wisconsin long-term care provider for $96 million in cash, stock and debt assumption. Nationwide, a real estate investment trust, will lease back the facilities to the seller. Terms of the lease-back agreement, as well as the name of the seller, weren't disclosed.
BUSINESS
November 28, 1996
Nationwide Health Properties Inc. is planning to sell up to $300 million of securities, according to documents filed Wednesday with the Securities and Exchange Commission. The real estate investment trust, which owns nursing-care and rehabilitative facilities, will sell debt securities, preferred stock, common stock and warrants to purchase the securities. Proceeds will be used for general corporate purposes, which may include the repayment of debt, according to the filing.
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