National Healthcare Properties (NASDAQ:NHP) Stock Picked Up by Analysts at Huntington

Key Points

• Huntington initiated coverage of National Healthcare Properties with a strong-buy rating. Across analysts cited, the stock had a “Moderate Buy” consensus and an average price target of $18.30.
• The company reported quarterly EPS of $0.24, beating the $0.18 consensus estimate, on revenue of $103.06 million.
• Important caveat: The article also says National Healthcare Properties was acquired by Ventas in 2015 and is no longer an independent publicly traded company, which conflicts with its current-stock and analyst coverage claims.

Equities research analysts at Huntington initiated coverage on shares of National Healthcare Properties (NASDAQ:NHP - Get Free Report) in a research note issued on Wednesday, Zacks reports. The brokerage set a "strong-buy" rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup reiterated an "outperform" rating on shares of National Healthcare Properties in a research report on Monday, August 10th. Citizens Jmp boosted their price target on shares of National Healthcare Properties from $18.00 to $21.00 and gave the company a "market outperform" rating in a research report on Monday, August 10th. Weiss Ratings restated a "sell (d)" rating on shares of National Healthcare Properties in a research report on Friday, October 16th. Royal Bank Of Canada upped their price objective on shares of National Healthcare Properties from $15.00 to $17.00 and gave the stock a "sector perform" rating in a research note on Monday, August 17th. Finally, Wells Fargo & Company dropped their price objective on shares of National Healthcare Properties from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, National Healthcare Properties currently has an average rating of "Moderate Buy" and a consensus price target of $18.30.

National Healthcare Properties Price Performance

National Healthcare Properties stock opened at $15.21 on Wednesday. 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 business's fifty day moving average is $15.71. National Healthcare Properties has a 52-week low of $11.25 and a 52-week high of $17.46. The firm has a market capitalization of $1.11 billion and a price-to-earnings ratio of -117.00.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. National Healthcare Properties had a negative net margin of 3.35% and a negative return on equity of 1.62%. The company had revenue of $103.06 million for the quarter. On average, equities research analysts predict that National Healthcare Properties will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

About National Healthcare Properties

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.

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