National Healthcare Properties, Inc. (NASDAQ:NHP) Stock Has Consensus Price Target of $18.40 According to Brokerages

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP) have been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.40.

Several research firms recently commented on NHP. Wall Street Zen upgraded shares of National Healthcare Properties from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Raymond James Financial began coverage on shares of National Healthcare Properties in a research note on Tuesday. They issued an “outperform” rating and a $20.00 target price for the company. Robert W. Baird raised their target price on shares of National Healthcare Properties from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Citizens Jmp lifted their price target on shares of National Healthcare Properties from $18.00 to $21.00 and gave the stock a “market outperform” rating in a report on Monday, August 10th. Finally, Huntington assumed coverage on shares of National Healthcare Properties in a report on Friday, July 17th. They issued an “outperform” rating and a $18.00 price target on the stock.

National Healthcare Properties Stock Performance

NHP stock opened at $14.67 on Thursday. The stock has a market capitalization of $1.07 billion and a price-to-earnings ratio of -112.85. The firm’s 50-day moving average price is $16.17. National Healthcare Properties has a one year low of $11.25 and a one year high of $17.46. 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 (NASDAQ:NHP) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. The firm had revenue of $87.53 million during the quarter. During the same quarter in the prior year, the company earned ($0.85) EPS. As a group, equities analysts predict that National Healthcare Properties will post 0.70 earnings per share for the current fiscal year.

National Healthcare Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 12th will be issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, October 9th. National Healthcare Properties’s dividend payout ratio is currently -230.77%.

Institutional Trading of National Healthcare Properties

A number of institutional investors have recently made changes to their positions in the business. Irenic Capital Management LP purchased a new position in National Healthcare Properties during the 2nd quarter worth $8,052,000. Citadel Advisors LLC acquired a new position in National Healthcare Properties during the 2nd quarter valued at about $7,325,000. State Street Corp acquired a new position in National Healthcare Properties during the 2nd quarter valued at about $8,975,000. The Manufacturers Life Insurance Company purchased a new stake in National Healthcare Properties in the second quarter valued at about $518,000. Finally, Squarepoint Ops LLC purchased a new stake in National Healthcare Properties in the second quarter valued at about $5,233,000.

National Healthcare Properties Company Profile

National Healthcare Properties, Inc was a U.S.-based real estate investment trust focused on healthcare-related properties. The company’s portfolio consisted primarily of income-producing healthcare facilities, including skilled nursing centers, assisted-living communities, and other properties used by healthcare providers.

Its business model was based on acquiring healthcare real estate and leasing those properties to operators under long-term agreements. Through this approach, National Healthcare Properties sought to generate rental income from facilities serving aging and medically dependent populations.

National Healthcare Properties was historically associated with the U.S.