Brokerages Set National Healthcare Properties, Inc. (NASDAQ:NHP) PT at $18.00

National Healthcare Properties, Inc. (NASDAQ:NHP) has received an average recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.2222.

A number of research analysts have recently commented on the stock. BMO Capital Markets initiated coverage on shares of National Healthcare Properties in a research report on Monday, May 18th. They set a “market perform” rating and a $17.00 price objective for the company. The Goldman Sachs Group began coverage on National Healthcare Properties in a research report on Monday, May 18th. They set a “buy” rating and a $20.00 target price on the stock. KeyCorp began coverage on National Healthcare Properties in a research note on Monday, May 18th. They set a “sector weight” rating on the stock. Huntington started coverage on National Healthcare Properties in a research report on Friday, July 17th. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on National Healthcare Properties from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. bought a new stake in National Healthcare Properties in the 2nd quarter valued at $37,278,000. Irenic Capital Management LP acquired a new position in shares of National Healthcare Properties in the 2nd quarter valued at $8,052,000. Readystate Asset Management LP bought a new position in shares of National Healthcare Properties during the 2nd quarter worth about $747,000. Finally, California State Teachers Retirement System bought a new position in shares of National Healthcare Properties during the 2nd quarter worth about $135,000.

National Healthcare Properties Trading Down 0.2%

Shares of National Healthcare Properties stock opened at $16.03 on Wednesday. National Healthcare Properties has a 1 year low of $11.25 and a 1 year high of $17.46. The business has a fifty day moving average of $15.79. The firm has a market capitalization of $1.17 billion and a P/E ratio of -123.31. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79.

National Healthcare Properties (NASDAQ:NHP) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company had revenue of $87.53 million for the quarter. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. During the same period in the prior year, the firm posted ($0.85) EPS. As a group, research analysts forecast that National Healthcare Properties will post 0.7 earnings per share for the current fiscal year.

National Healthcare Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, July 15th. National Healthcare Properties’s dividend payout ratio is presently -230.77%.

About National Healthcare Properties

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.