National Healthcare Properties (NASDAQ:NHP) Now Covered by Huntington

Huntington assumed coverage on shares of National Healthcare Properties (NASDAQ:NHP) in a research note released on Wednesday,Zacks reports. The firm issued a strong-buy rating on the stock.

A number of other equities analysts have also weighed in on the stock. Wall Street Zen upgraded shares of National Healthcare Properties from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Robert W. Baird boosted their price target on shares of National Healthcare Properties from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Weiss Ratings reissued a “sell (d)” rating on shares of National Healthcare Properties in a research report on Friday, October 16th. 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 research note on Monday, August 10th. Finally, Royal Bank Of Canada raised 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 report on Monday, August 17th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.30.

National Healthcare Properties Stock Performance

Shares of NHP opened at $15.21 on Wednesday. The business has a 50-day moving average price of $15.71. National Healthcare Properties has a fifty-two week low of $11.25 and a fifty-two week high of $17.46. The stock has a market cap of $1.11 billion and a price-to-earnings ratio of -117.00. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45.

National Healthcare Properties (NASDAQ:NHP) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.24 earnings per share (EPS) 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 return on equity of 1.62% and a negative net margin of 3.35%. As a group, research analysts predict that National Healthcare Properties will post 0.75 earnings per share for the current fiscal year.

National Healthcare Properties Dividend Announcement

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

Institutional Trading of National Healthcare Properties

A number of institutional investors have recently added to or reduced their stakes in NHP. Irenic Capital Management LP purchased a new position in National Healthcare Properties during the 2nd quarter valued at about $8,052,000. Citadel Advisors LLC bought a new stake in shares of National Healthcare Properties during the second quarter valued at about $7,325,000. State Street Corp bought a new stake in shares of National Healthcare Properties during the second quarter valued at about $8,975,000. The Manufacturers Life Insurance Company purchased a new stake in shares of National Healthcare Properties in the second quarter worth about $518,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of National Healthcare Properties in the second quarter worth about $5,233,000.

National Healthcare Properties Company Profile

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.