Morgan Stanley Initiates Coverage on National Healthcare Properties (NASDAQ:NHP)

Investment analysts at Morgan Stanley initiated coverage on shares of National Healthcare Properties (NASDAQ:NHP) in a research report issued on Monday,Benzinga reports. The brokerage set an “equal weight” rating and a $16.00 price target on the stock. Morgan Stanley’s price target points to a potential upside of 7.67% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of National Healthcare Properties in a research note on Monday. They issued an “overweight” rating and a $16.00 target price on the stock. Wall Street Zen raised shares of National Healthcare Properties to a “hold” rating in a research note on Saturday, May 2nd. BMO Capital Markets initiated coverage on shares of National Healthcare Properties in a research report on Monday. They issued a “market perform” rating and a $17.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of National Healthcare Properties in a report on Monday. They issued a “buy” rating on the stock. Finally, National Bank Financial set a $16.00 price target on National Healthcare Properties in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, National Healthcare Properties currently has an average rating of “Hold” and a consensus target price of $16.17.

National Healthcare Properties Stock Performance

Shares of NASDAQ NHP opened at $14.86 on Monday. National Healthcare Properties has a 12 month low of $11.25 and a 12 month high of $15.09.