National Healthcare Properties (NASDAQ:NHP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of National Healthcare Properties (NASDAQ:NHP) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other research firms have also issued reports on NHP. Robert W. Baird raised their price target on shares of National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Citizens Jmp upped their price objective on shares of National Healthcare Properties from $18.00 to $21.00 and gave the company a “market outperform” rating in a research note on Monday, August 10th. Wells Fargo & Company upped their price objective on shares of National Healthcare Properties from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada increased 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. Finally, Huntington began coverage on shares of National Healthcare Properties in a research report on Friday, July 17th. They set an “outperform” rating and a $18.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.22.

National Healthcare Properties Price Performance

Shares of NHP opened at $15.55 on Friday. National Healthcare Properties has a 1 year low of $11.25 and a 1 year 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 company has a market capitalization of $1.13 billion and a P/E ratio of -119.62. The business’s 50-day moving average is $16.19.

National Healthcare Properties (NASDAQ:NHP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) 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 company had revenue of $87.53 million during the quarter. During the same quarter in the prior year, the company posted ($0.85) earnings per share. As a group, sell-side analysts anticipate that National Healthcare Properties will post 0.70 EPS for the current year.

National Healthcare Properties Dividend Announcement

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

Institutional Investors Weigh In On National Healthcare Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. acquired a new stake in National Healthcare Properties during the second quarter worth approximately $366,000. State Street Corp acquired a new position in National Healthcare Properties in the second quarter valued at approximately $8,975,000. The Manufacturers Life Insurance Company acquired a new position in National Healthcare Properties in the second quarter valued at approximately $518,000. Squarepoint Ops LLC acquired a new position in National Healthcare Properties in the second quarter valued at approximately $5,233,000. Finally, Citadel Advisors LLC acquired a new position in National Healthcare Properties in the second quarter valued at approximately $7,325,000.

National Healthcare Properties Company Profile

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.