National Healthcare Properties, Inc. (NASDAQ:NHP) Stock Has Average Price Target of $18.30

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.30.

Several brokerages have recently issued reports on NHP. Wells Fargo & Company lowered their price objective on shares of National Healthcare Properties from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Weiss Ratings upgraded shares of National Healthcare Properties from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday. Raymond James Financial started coverage on National Healthcare Properties in a report on Tuesday, October 13th. They issued an “outperform” rating and a $20.00 price target on the stock. Royal Bank Of Canada increased their price objective on 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. Finally, Citizens Jmp raised their price objective on National Healthcare Properties from $18.00 to $21.00 and gave the stock a “market outperform” rating in a research note on Monday, August 10th.

National Healthcare Properties Price Performance

NASDAQ NHP opened at $15.04 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.25 and a quick ratio of 0.79. National Healthcare Properties has a 52 week low of $11.25 and a 52 week high of $17.46. The company’s fifty day simple moving average is $15.63 and its 200-day simple moving average is $15.22.

National Healthcare Properties (NASDAQ:NHP) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $103.06 million for the quarter. National Healthcare Properties had a negative net margin of 3.35% and a negative return on equity of 1.53%. As a group, research analysts expect that National Healthcare Properties will post 0.77 earnings per share for the current year.

National Healthcare Properties Dividend Announcement

The business also recently declared 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 is 272.73%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp raised its stake in shares of National Healthcare Properties by 8.6% in the third quarter. State Street Corp now owns 665,044 shares of the company’s stock worth $10,667,000 after acquiring an additional 52,429 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of National Healthcare Properties during the third quarter valued at approximately $315,000. William Blair Investment Management LLC acquired a new stake in shares of National Healthcare Properties in the third quarter valued at approximately $13,573,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of National Healthcare Properties in the third quarter valued at approximately $175,000. Finally, Copeland Capital Management LLC bought a new position in National Healthcare Properties in the 3rd quarter worth approximately $90,000.

National Healthcare Properties Company Profile

National Healthcare Properties is a healthcare real estate company focused on owning and managing properties used to provide healthcare and senior-care services. Its business centers on leasing these facilities to healthcare operators. The company’s property focus includes senior housing and other healthcare-related real estate. Through its portfolio, National Healthcare Properties provides facilities that support care providers and the communities they serve.