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

National Healthcare Properties, Inc. (NASDAQ:NHP) has been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.00.

Several research analysts recently issued reports on the company. BMO Capital Markets initiated coverage on 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. Wells Fargo & Company increased their target price on National Healthcare Properties from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. The Goldman Sachs Group assumed coverage on National Healthcare Properties in a research report on Monday, May 18th. They set a “buy” rating and a $20.00 price target for the company. Huntington initiated 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. Finally, National Bank Financial set a $18.00 price objective on National Healthcare Properties in a research report on Thursday, May 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NHP. Alyeska Investment Group L.P. acquired a new stake in shares of National Healthcare Properties during the 2nd quarter worth about $37,278,000. Irenic Capital Management LP acquired a new position in shares of National Healthcare Properties in the second quarter valued at approximately $8,052,000. Readystate Asset Management LP acquired a new position in shares of National Healthcare Properties in the second quarter valued at approximately $747,000. Finally, California State Teachers Retirement System acquired a new position in shares of National Healthcare Properties in the second quarter valued at approximately $135,000.

National Healthcare Properties Trading Up 0.2%

Shares of NHP opened at $16.64 on Wednesday. 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 firm has a market capitalization of $1.21 billion and a PE ratio of -128.00. The business’s 50-day simple moving average is $15.59. National Healthcare Properties has a 12-month low of $11.25 and a 12-month high of $17.46.

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. The business had revenue of $87.53 million during 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 quarter in the previous year, the business earned ($0.85) earnings per share. As a group, analysts forecast that National Healthcare Properties will post 0.7 EPS for the current fiscal year.

National Healthcare Properties Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 annualized dividend and a yield of 1.8%. National Healthcare Properties’s payout ratio is presently -230.77%.

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.