National Healthcare Properties (NASDAQ:NHP) Price Target Raised to $18.00

National Healthcare Properties (NASDAQ:NHP) had its target price lifted by Robert W. Baird from $17.00 to $18.00 in a research report report published on Thursday morning, Marketbeat reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on NHP. Morgan Stanley started coverage on shares of National Healthcare Properties in a research report on Monday, May 18th. They issued an “equal weight” rating and a $16.00 target price on the stock. The Goldman Sachs Group began coverage on shares of National Healthcare Properties in a report on Monday, May 18th. They issued a “buy” rating and a $20.00 price objective on the stock. KeyCorp began coverage on shares of National Healthcare Properties in a report on Monday, May 18th. They set a “sector weight” rating for the company. Citigroup restated an “outperform” rating on shares of National Healthcare Properties in a research note on Monday, August 10th. Finally, Weiss Ratings began coverage on National Healthcare Properties in a report on Monday, July 20th. They issued a “sell (d)” rating on the stock. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.00.

National Healthcare Properties Stock Down 0.7%

NHP opened at $16.96 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. National Healthcare Properties has a 52 week low of $11.25 and a 52 week high of $17.46. The stock has a market cap of $1.24 billion and a PE ratio of -130.46. The company has a 50 day moving average price of $15.47.

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

National Healthcare Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, July 15th. National Healthcare Properties’s dividend payout ratio (DPR) is presently -230.77%.

Institutional Trading of National Healthcare Properties

An institutional investor recently bought a new stake in National Healthcare Properties stock. Irenic Capital Management LP bought a new position in National Healthcare Properties, Inc. (NASDAQ:NHP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 549,593 shares of the company’s stock, valued at approximately $8,052,000. Irenic Capital Management LP owned about 0.75% of National Healthcare Properties at the end of the most recent quarter.

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.