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

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP) have been given an average recommendation of “Hold” by the twelve analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.00.

NHP has been the topic of several recent analyst reports. Citigroup reiterated an “outperform” rating on shares of National Healthcare Properties in a research report on Monday, August 10th. BMO Capital Markets assumed coverage on shares of National Healthcare Properties in a report on Monday, May 18th. They issued a “market perform” rating and a $17.00 price target for the company. Morgan Stanley started coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They issued an “equal weight” rating and a $16.00 price objective for the company. Wall Street Zen raised shares of National Healthcare Properties to a “hold” rating in a report on Saturday, May 2nd. 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 target price on the stock.

National Healthcare Properties Stock Up 0.2%

NASDAQ NHP opened at $16.64 on Wednesday. The stock has a market capitalization of $1.21 billion and a price-to-earnings ratio of -128.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The business’s 50-day moving average is $15.59. National Healthcare Properties has a 52-week low of $11.25 and a 52-week high of $17.46.

National Healthcare Properties (NASDAQ:NHP) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company had revenue of $87.53 million for 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 business earned ($0.85) EPS. As a group, analysts anticipate that National Healthcare Properties will post 0.7 earnings per share for the current year.

National Healthcare Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.8%. National Healthcare Properties’s payout ratio is -230.77%.

Hedge Funds Weigh In On National Healthcare Properties

Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System acquired a new position in National Healthcare Properties during the second quarter worth $135,000. Readystate Asset Management LP purchased a new stake in National Healthcare Properties during the second quarter worth $747,000. Irenic Capital Management LP acquired a new stake in National Healthcare Properties in the second quarter valued at $8,052,000. Finally, Alyeska Investment Group L.P. acquired a new stake in National Healthcare Properties in the second quarter valued at $37,278,000.

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.