National Healthcare Properties (NASDAQ:NHP) Upgraded to “Moderate Buy” at Raymond James Financial

National Healthcare Properties (NASDAQ:NHP) was upgraded by equities research analysts at Raymond James Financial to a “moderate buy” rating in a note issued to investors on Tuesday, Zacks reports.

Several other equities analysts have also weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of National Healthcare Properties from $15.00 to $17.00 and gave the company a “sector perform” rating in a research report on Monday, August 17th. Weiss Ratings started coverage on shares of National Healthcare Properties in a report on Monday, July 20th. They issued a “sell (d)” rating on the stock. Huntington assumed coverage on shares of National Healthcare Properties in a research note on Friday, July 17th. They set an “outperform” rating and a $18.00 target price for the company. Wells Fargo & Company raised their target price on shares of National Healthcare Properties from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Finally, Robert W. Baird raised their target price 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. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, National Healthcare Properties presently has an average rating of “Hold” and a consensus price target of $18.40.

National Healthcare Properties Stock Down 0.3%

Shares of NHP stock opened at $15.51 on Tuesday. The company’s 50-day moving average price is $16.19. National Healthcare Properties has a fifty-two week low of $11.25 and a fifty-two week 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.

National Healthcare Properties (NASDAQ:NHP) last issued its quarterly earnings results 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 business had revenue of $87.53 million during the quarter. During the same quarter in the previous year, the business posted ($0.85) EPS. On average, equities research analysts anticipate that National Healthcare Properties will post 0.70 EPS for the current year.

Institutional Investors Weigh In On National Healthcare Properties

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