National Healthcare Properties, Inc. (NASDAQ:NHP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP) have earned an average recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.3333.

A number of equities analysts recently issued reports on NHP shares. Robert W. Baird assumed coverage on National Healthcare Properties in a report on Monday, May 18th. They set an “outperform” rating and a $17.00 price target on the stock. Zacks Research raised National Healthcare Properties to a “hold” rating in a research note on Tuesday, June 9th. Morgan Stanley assumed coverage on National Healthcare Properties in a research report on Monday, May 18th. They set an “equal weight” rating and a $16.00 price objective for the company. Wells Fargo & Company lifted their target price on National Healthcare Properties from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, Citigroup began coverage on National Healthcare Properties in a report on Thursday, May 28th. They issued an “outperform” rating on the stock.

National Healthcare Properties Stock Performance

Shares of NASDAQ:NHP opened at $15.29 on Friday. National Healthcare Properties has a 1-year low of $11.25 and a 1-year high of $16.89. The firm has a market cap of $1.11 billion and a PE ratio of 11.52. The stock’s fifty day simple moving average is $14.88.

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

National Healthcare Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 15th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, July 15th.

National Healthcare Properties, Inc is a real estate company in the Healthcare REITs industry.