National Healthcare Properties, Inc. (NASDAQ:NHP) Stock Has Average Price Target of $18.30 According to Analysts

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $18.30.

A number of equities analysts have issued reports on the stock. Huntington initiated coverage on shares of National Healthcare Properties in a research report on Wednesday, November 4th. They issued a “strong-buy” rating on the stock. Wall Street Zen lowered shares of National Healthcare Properties from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company cut their target price on National Healthcare Properties from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Citigroup reissued an “outperform” rating on shares of National Healthcare Properties in a research note on Monday, August 10th. Finally, Robert W. Baird boosted their price target on National Healthcare Properties from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, August 20th.

National Healthcare Properties Price Performance

Shares of NASDAQ NHP opened at $15.24 on Monday. The business has a fifty day moving average price of $15.69. National Healthcare Properties has a 52 week low of $11.25 and a 52 week high of $17.46. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.11 billion and a P/E ratio of -117.23.

National Healthcare Properties (NASDAQ:NHP) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. The business had revenue of $103.06 million during the quarter. National Healthcare Properties had a negative net margin of 3.35% and a negative return on equity of 1.62%. Equities research analysts anticipate that National Healthcare Properties will post 0.76 earnings per share for the current year.

National Healthcare Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 12th were issued a $0.0750 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.30 annualized dividend and a yield of 2.0%. National Healthcare Properties’s dividend payout ratio (DPR) is -230.77%.

Hedge Funds Weigh In On National Healthcare Properties

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