National Healthcare Properties (NASDAQ:NHP) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded National Healthcare Properties to “Buy” from “Hold,” while broader analyst sentiment remains mixed: six analysts rate it Buy, five Hold, and one Sell. The consensus rating is still “Hold,” with an average price target of $18.22.
• Shares recently opened at $15.55, up 2.4%, with a 12-month range of $11.25 to $17.46. The company reported quarterly revenue of $87.53 million and a loss of $0.13 per share, alongside negative net margin and return on equity.
• Several institutional investors, including Citadel Advisors and Squarepoint Ops, established new positions in the second quarter, with reported investments ranging from roughly $366,000 to $7.3 million.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada boosted 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. Robert W. Baird raised their target price on National Healthcare Properties from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Weiss Ratings initiated coverage on National Healthcare Properties in a report on Monday, July 20th. They set a "sell (d)" rating for the company. Huntington started coverage on National Healthcare Properties in a research report on Friday, July 17th. They issued an "outperform" rating and a $18.00 price target for the company. 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. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $18.22.

National Healthcare Properties Stock Up 2.4%

Shares of NASDAQ:NHP opened at $15.55 on Friday. The business has a 50 day simple moving average of $16.19. National Healthcare Properties has a twelve month low of $11.25 and a twelve month high of $17.46. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.13 billion and a PE ratio of -119.62.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. The business had revenue of $87.53 million for the quarter. During the same period last year, the business earned ($0.85) EPS. Analysts expect that National Healthcare Properties will post 0.70 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Healthcare Properties

A number of hedge funds have recently made changes to their positions in NHP. Envestnet Asset Management Inc. purchased a new position in National Healthcare Properties in the 2nd quarter worth approximately $366,000. The Manufacturers Life Insurance Company purchased a new stake in National Healthcare Properties during the 2nd quarter valued at approximately $518,000. Readystate Asset Management LP bought a new stake in shares of National Healthcare Properties during the second quarter valued at approximately $747,000. Squarepoint Ops LLC purchased a new position in shares of National Healthcare Properties in the second quarter worth $5,233,000. Finally, Citadel Advisors LLC bought a new position in shares of National Healthcare Properties during the second quarter worth $7,325,000.

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.

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