National Healthcare Properties, Inc. (NASDAQ:NHP) Given Average Rating of “Moderate Buy” by Analysts

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $17.1250.

NHP has been the topic of a number of analyst reports. National Bank Financial set a $18.00 price target on National Healthcare Properties in a research note on Thursday, May 28th. Citigroup began coverage on National Healthcare Properties in a report on Thursday, May 28th. They set an “outperform” rating for the company. Morgan Stanley assumed coverage on shares of National Healthcare Properties in a research report on Monday, May 18th. They set an “equal weight” rating and a $16.00 price objective on the stock. Wall Street Zen upgraded shares of National Healthcare Properties to a “hold” rating in a report on Saturday, May 2nd. Finally, BMO Capital Markets initiated coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They set a “market perform” rating and a $17.00 target price on the stock.

National Healthcare Properties Price Performance

Shares of NASDAQ:NHP traded up $0.17 on Tuesday, reaching $15.38. 60,175 shares of the company traded hands, compared to its average volume of 924,598. The stock has a market capitalization of $1.12 billion and a PE ratio of 11.52. The business has a 50-day simple moving average of $14.21. National Healthcare Properties has a 52 week low of $11.25 and a 52 week high of $15.47.

National Healthcare Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Wednesday, July 15th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, July 15th.