National Healthcare Properties (NASDAQ:NHP) Stock Gets Downgrade from Wall Street Zen

National Healthcare Properties (NASDAQ:NHP) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued research reports about the company. Raymond James Financial began coverage on National Healthcare Properties in a report on Tuesday, October 13th. They issued an “outperform” rating and a $20.00 price objective for the company. Citizens Jmp boosted their target price on shares of National Healthcare Properties from $18.00 to $21.00 and gave the company a “market outperform” rating in a report on Monday, August 10th. Robert W. Baird upped their price objective on National Healthcare Properties from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Wells Fargo & Company lowered their price objective on National Healthcare Properties from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Finally, Huntington assumed coverage on National Healthcare Properties in a research report on Wednesday. They set a “strong-buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.30.

National Healthcare Properties Trading Up 0.2%

Shares of NASDAQ NHP opened at $15.24 on Friday. National Healthcare Properties has a twelve month low of $11.25 and a twelve month high of $17.46. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average price of $15.69.

National Healthcare Properties (NASDAQ:NHP) last posted its earnings results on Wednesday, November 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $103.06 million for the quarter. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. Research analysts predict that National Healthcare Properties will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NHP. Alyeska Investment Group L.P. bought a new stake in National Healthcare Properties during the 2nd quarter worth about $37,278,000. William Blair Investment Management LLC bought a new stake in shares of National Healthcare Properties in the 3rd quarter worth $13,573,000. State Street Corp bought a new position in shares of National Healthcare Properties in the second quarter valued at approximately $8,975,000. Irenic Capital Management LP purchased a new stake in shares of National Healthcare Properties during the second quarter valued at approximately $8,052,000. Finally, Citadel Advisors LLC purchased a new stake in shares of National Healthcare Properties in the second quarter worth $7,325,000.

About National Healthcare Properties

National Health Properties, Inc was a real estate investment trust that owned and leased healthcare-related properties in the United States. Its portfolio included healthcare facilities such as skilled nursing centers, assisted living communities, medical office buildings and other properties used by healthcare providers.

The company generally generated rental income through long-term leases with healthcare operators. Its business model focused on acquiring and managing income-producing healthcare real estate rather than directly providing medical or senior-care services.

National Health Properties was acquired by Ventas, Inc in 2015 and no longer operates as an independent publicly traded company.