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

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.22.

Several equities research analysts have recently weighed in on the company. Citigroup reissued an “outperform” rating on shares of National Healthcare Properties in a research report on Monday, August 10th. Huntington began coverage on National Healthcare Properties in a report on Friday, July 17th. They issued an “outperform” rating and a $18.00 price target for the company. Robert W. Baird increased their price target on shares of National Healthcare Properties from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Weiss Ratings started coverage on shares of National Healthcare Properties in a report on Monday, July 20th. They set a “sell (d)” rating on the stock. Finally, Royal Bank Of Canada boosted their price objective on shares of National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 17th.

National Healthcare Properties Stock Performance

National Healthcare Properties has a one year low of $11.25 and a one year high of $17.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $1.17 billion and a PE ratio of -123.31. The company has a fifty day simple moving average of $16.19.

National Healthcare Properties (NASDAQ:NHP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%.The business had revenue of $87.53 million for the quarter. During the same period last year, the business earned ($0.85) earnings per share. Analysts expect that National Healthcare Properties will post 0.7 EPS for the current fiscal year.

National Healthcare Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 15th were paid a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, July 15th. National Healthcare Properties’s dividend payout ratio (DPR) is currently -230.77%.

Institutional Investors Weigh In On National Healthcare Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alyeska Investment Group L.P. acquired a new position in National Healthcare Properties in the second quarter valued at $37,278,000. State Street Corp acquired a new stake in shares of National Healthcare Properties during the second quarter worth about $8,975,000. Irenic Capital Management LP acquired a new stake in shares of National Healthcare Properties during the second quarter worth about $8,052,000. Citadel Advisors LLC acquired a new stake in shares of National Healthcare Properties during the second quarter worth about $7,325,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of National Healthcare Properties in the 2nd quarter valued at about $5,233,000.

About National Healthcare Properties

National Healthcare Properties, Inc was a healthcare real estate investment trust (REIT) that owned and leased properties used by healthcare providers. Its portfolio included skilled nursing facilities, assisted living communities, medical office buildings and other healthcare-related properties.

The company generally generated revenue through long-term leases with healthcare operators and served markets across the United States. Its business model focused on owning healthcare real estate and providing facilities for senior care, post-acute care and medical services.

National Healthcare Properties was formerly publicly traded under the ticker NHP on the New York Stock Exchange.