National Healthcare Properties (NASDAQ:NHP) Stock Lifted to “Moderate Buy” by Raymond James Financial

Raymond James Financial upgraded shares of National Healthcare Properties (NASDAQ:NHP) to a moderate buy rating in a research note issued to investors on Tuesday,Zacks reports.

Several other research analysts have also recently weighed in on NHP. Citizens Jmp upped their price target 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. Weiss Ratings assumed coverage on shares of National Healthcare Properties in a research note on Monday, July 20th. They issued a “sell (d)” rating for the company. Wells Fargo & Company increased their target price on National Healthcare Properties from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Citigroup reiterated an “outperform” rating on shares of National Healthcare Properties in a report on Monday, August 10th. Finally, Wall Street Zen raised National Healthcare Properties from a “hold” rating to a “buy” rating in a research note on Saturday. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.40.

National Healthcare Properties Price Performance

Shares of NHP stock opened at $15.51 on Tuesday. 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 company has a fifty day moving average of $16.19. National Healthcare Properties has a one year low of $11.25 and a one year high of $17.46. The firm has a market cap of $1.13 billion and a price-to-earnings ratio of -119.31.

National Healthcare Properties (NASDAQ:NHP) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $87.53 million during the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%. During the same period in the previous year, the company posted ($0.85) earnings per share. On average, research analysts anticipate that National Healthcare Properties will post 0.70 earnings per share for the current year.

National Healthcare Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Monday, October 12th will be paid a $0.0750 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 9th. National Healthcare Properties’s payout ratio is -230.77%.

Institutional Investors Weigh In On National Healthcare Properties

A number of large investors have recently modified their holdings of the business. Alyeska Investment Group L.P. acquired a new stake in National Healthcare Properties during the 2nd quarter valued at approximately $37,278,000. State Street Corp bought a new position in National Healthcare Properties during the 2nd quarter worth approximately $8,975,000. Irenic Capital Management LP bought a new position in National Healthcare Properties during the 2nd quarter worth approximately $8,052,000. Citadel Advisors LLC acquired a new position in shares of National Healthcare Properties in the 2nd quarter worth approximately $7,325,000. Finally, Squarepoint Ops LLC acquired a new position in shares of National Healthcare Properties in the 2nd quarter worth approximately $5,233,000.

About National Healthcare Properties

National Healthcare Properties, Inc was a U.S.-based real estate investment trust focused on healthcare-related properties. The company’s portfolio consisted primarily of income-producing healthcare facilities, including skilled nursing centers, assisted-living communities, and other properties used by healthcare providers.

Its business model was based on acquiring healthcare real estate and leasing those properties to operators under long-term agreements. Through this approach, National Healthcare Properties sought to generate rental income from facilities serving aging and medically dependent populations.

National Healthcare Properties was historically associated with the U.S.