National Healthcare Properties, Inc. (NASDAQ:NHP) Stock Now Rated “Hold” by Wall Street Analysts

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP) have received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.30.

A number of brokerages have recently issued reports on NHP. Raymond James Financial initiated coverage on National Healthcare Properties in a research note on Tuesday, October 13th. They set an “outperform” rating and a $20.00 price objective on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of National Healthcare Properties in a research note on Friday, October 16th. Huntington initiated coverage on shares of National Healthcare Properties in a research note on Friday, July 17th. They issued an “outperform” rating and a $18.00 target price for the company. Wells Fargo & Company lowered their target price on shares of National Healthcare Properties from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Royal Bank Of Canada upped their price target on shares of National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 17th.

Institutional Investors Weigh In On National Healthcare Properties

Hedge funds have recently bought and sold shares of the company. Alyeska Investment Group L.P. acquired a new stake in National Healthcare Properties in the 2nd quarter valued at about $37,278,000. State Street Corp acquired a new position in National Healthcare Properties during the second quarter worth approximately $8,975,000. Irenic Capital Management LP acquired a new position in National Healthcare Properties during the second quarter worth approximately $8,052,000. Citadel Advisors LLC acquired a new position in National Healthcare Properties during the second quarter worth approximately $7,325,000. Finally, Squarepoint Ops LLC bought a new stake in National Healthcare Properties in the second quarter valued at approximately $5,233,000.

National Healthcare Properties Stock Down 2.1%

NASDAQ:NHP opened at $14.75 on Thursday. National Healthcare Properties has a 52-week low of $11.25 and a 52-week 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. The firm has a 50-day moving average of $16.01.

National Healthcare Properties (NASDAQ:NHP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company 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 period in the previous year, the business earned ($0.85) earnings per share. On average, analysts expect that National Healthcare Properties will post 0.73 earnings per share for the current fiscal year.

National Healthcare Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 12th were given a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, October 9th. National Healthcare Properties’s dividend payout ratio (DPR) is -230.77%.

National Healthcare Properties Company Profile

National Health Properties, Inc was a real estate investment trust that owned and leased healthcare-related properties in the United States. Its portfolio included healthcare facilities such as skilled nursing centers, assisted living communities, medical office buildings and other properties used by healthcare providers.

The company generally generated rental income through long-term leases with healthcare operators. Its business model focused on acquiring and managing income-producing healthcare real estate rather than directly providing medical or senior-care services.

National Health Properties was acquired by Ventas, Inc in 2015 and no longer operates as an independent publicly traded company.