National Healthcare Properties (NASDAQ:NHP) Stock Rated Moderate Buy in New Coverage at Raymond James Financial

Investment analysts at Raymond James Financial began coverage on shares of National Healthcare Properties (NASDAQ:NHP) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set a “moderate buy” rating and a $20.00 price target on the stock. Raymond James Financial’s price target would indicate a potential upside of 36.33% from the stock’s previous close.

A number of other equities research analysts have also issued reports on NHP. Robert W. Baird increased their price target on National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Huntington began coverage on shares of National Healthcare Properties in a report on Friday, July 17th. They set an “outperform” rating and a $18.00 price target on the stock. Citizens Jmp lifted 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. Wells Fargo & Company increased their target price on National Healthcare Properties from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Finally, Citigroup reaffirmed an “outperform” rating on shares of National Healthcare Properties in a report on Monday, August 10th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, National Healthcare Properties currently has a consensus rating of “Hold” and an average price target of $18.40.

National Healthcare Properties Stock Performance

NASDAQ NHP opened at $14.67 on Tuesday. The business has a fifty day moving average of $16.17. The stock has a market capitalization of $1.07 billion and a PE ratio of -112.85. National Healthcare Properties has a 12 month low of $11.25 and a 12 month high of $17.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79.

National Healthcare Properties (NASDAQ:NHP) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $87.53 million for 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 last year, the firm posted ($0.85) EPS. As a group, analysts forecast that National Healthcare Properties will post 0.70 earnings per share for the current fiscal year.

Institutional Trading of National Healthcare Properties

Several large investors have recently bought and sold shares of the business. Copeland Capital Management LLC acquired a new position in National Healthcare Properties during the third quarter worth $90,000. Envestnet Asset Management Inc. purchased a new position in shares of National Healthcare Properties during the second quarter worth $366,000. State Street Corp acquired a new stake in shares of National Healthcare Properties in the second quarter valued at $8,975,000. The Manufacturers Life Insurance Company acquired a new stake in shares of National Healthcare Properties in the second quarter valued at $518,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of National Healthcare Properties in the 2nd quarter valued at $5,233,000.

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.