Robert W. Baird Issues Positive Forecast for National Healthcare Properties (NASDAQ:NHP) Stock Price

National Healthcare Properties (NASDAQ:NHP) had its price target hoisted by equities research analysts at Robert W. Baird from $17.00 to $18.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 6.64% from the company’s previous close.

NHP has been the subject of several other research reports. KeyCorp assumed coverage on National Healthcare Properties in a research note on Monday, May 18th. They issued a “sector weight” rating for the company. Royal Bank Of Canada raised their price target on National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Monday. Wall Street Zen raised shares of National Healthcare Properties to a “hold” rating in a report on Saturday, May 2nd. Citizens Jmp upped their price target on National Healthcare Properties from $18.00 to $21.00 and gave the company a “market outperform” rating in a research report on Monday, August 10th. Finally, Morgan Stanley initiated coverage on National Healthcare Properties in a research note on Monday, May 18th. They issued an “equal weight” rating and a $16.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.00.

National Healthcare Properties Price Performance

NHP opened at $16.88 on Thursday. The stock has a market cap of $1.23 billion and a price-to-earnings ratio of -129.85. National Healthcare Properties has a one year low of $11.25 and a one year high of $17.46. The firm’s fifty day moving average price is $15.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79.

National Healthcare Properties (NASDAQ:NHP) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. The company had revenue of $87.53 million during the quarter. During the same quarter in the prior year, the company earned ($0.85) earnings per share. On average, analysts expect that National Healthcare Properties will post 0.76 earnings per share for the current year.

Institutional Trading of National Healthcare Properties

A hedge fund recently bought a new stake in National Healthcare Properties stock. Alyeska Investment Group L.P. purchased a new position in National Healthcare Properties, Inc. (NASDAQ:NHP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,544,543 shares of the company’s stock, valued at approximately $37,278,000. Alyeska Investment Group L.P. owned 3.49% of National Healthcare Properties at the end of the most recent quarter.

National Healthcare Properties Company Profile

National Healthcare Properties Inc is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing. National Healthcare Properties Inc is based in NEW YORK.