National Healthcare Properties, Inc. (NASDAQ:NHP) Stock Rated “Hold” by Sell-Side Analysts

National Healthcare Properties, Inc. (NASDAQ:NHP) has been assigned an average recommendation of “Hold” from the twelve research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $18.22.

A number of equities analysts have weighed in on NHP shares. Robert W. Baird upped their price target on National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Royal Bank Of Canada increased 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. Citigroup reiterated an “outperform” rating on shares of National Healthcare Properties in a research note on Monday, August 10th. Citizens Jmp boosted their target price on shares of National Healthcare Properties from $18.00 to $21.00 and gave the stock a “market outperform” rating in a research report on Monday, August 10th. Finally, Weiss Ratings started coverage on shares of National Healthcare Properties in a research note on Monday, July 20th. They issued a “sell (d)” rating for the company.

Hedge Funds Weigh In On National Healthcare Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new stake in shares of National Healthcare Properties during the second quarter valued at about $37,278,000. State Street Corp purchased a new position in National Healthcare Properties in the second quarter valued at about $8,975,000. Irenic Capital Management LP purchased a new position in National Healthcare Properties in the second quarter valued at about $8,052,000. Citadel Advisors LLC acquired a new stake in National Healthcare Properties during the 2nd quarter valued at approximately $7,325,000. Finally, Squarepoint Ops LLC acquired a new stake in National Healthcare Properties during the 2nd quarter valued at approximately $5,233,000.

National Healthcare Properties Price Performance

Shares of NHP opened at $16.22 on Friday. The stock’s 50-day moving average is $16.18. The firm has a market capitalization of $1.18 billion and a PE ratio of -124.77. 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 earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $87.53 million during 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 period in the prior year, the business posted ($0.85) EPS. On average, research 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 disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Wednesday, July 15th were issued a $0.0750 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a yield of 1.8%. National Healthcare Properties’s payout ratio is currently -230.77%.

National Healthcare Properties Company Profile

National Healthcare Properties, Inc was a healthcare real estate investment trust (REIT) that owned and leased properties used by healthcare providers. Its portfolio included skilled nursing facilities, assisted living communities, medical office buildings and other healthcare-related properties.

The company generally generated revenue through long-term leases with healthcare operators and served markets across the United States. Its business model focused on owning healthcare real estate and providing facilities for senior care, post-acute care and medical services.

National Healthcare Properties was formerly publicly traded under the ticker NHP on the New York Stock Exchange.