National Healthcare Properties (NASDAQ:NHP) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded National Healthcare Properties from buy to hold. Despite the move, MarketBeat’s reported analyst consensus is “Moderate Buy,” with an average price target of $18.30.
• The article says quarterly EPS was $0.24, beating the $0.18 consensus, on revenue of $103.06 million.
• Important inconsistency: The article also states the company was acquired by Ventas in 2015 and is no longer independently publicly traded, which conflicts with its claims about current NHP shares and trading.

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

A number of other analysts also recently commented on NHP. Weiss Ratings restated a "sell (d)" rating on shares of National Healthcare Properties in a research report on Friday, October 16th. Huntington assumed coverage on shares of National Healthcare Properties in a research note on Wednesday. They issued a "strong-buy" rating on the stock. Citizens Jmp lifted their target price on shares of 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. Raymond James Financial started coverage on National Healthcare Properties in a research note on Tuesday, October 13th. They issued an "outperform" rating and a $20.00 price objective on the stock. Finally, Royal Bank Of Canada boosted their target price on National Healthcare Properties from $15.00 to $17.00 and gave the company a "sector perform" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.30.

National Healthcare Properties Trading Up 0.2%

Shares of NHP opened at $15.24 on Friday. The firm's 50-day simple moving average is $15.69. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. National Healthcare Properties has a 12-month low of $11.25 and a 12-month high of $17.46.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.06. The company had revenue of $103.06 million during the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%. As a group, research analysts expect that National Healthcare Properties will post 0.75 earnings per share for the current year.

Institutional Trading of National Healthcare Properties

A number of institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. bought a new stake in National Healthcare Properties during the 2nd quarter worth $37,278,000. William Blair Investment Management LLC bought a new stake in shares of National Healthcare Properties during the third quarter valued at approximately $13,573,000. State Street Corp bought a new stake in shares of National Healthcare Properties in the second quarter worth approximately $8,975,000. Irenic Capital Management LP purchased a new position in shares of National Healthcare Properties in the second quarter valued at about $8,052,000. Finally, Citadel Advisors LLC bought a new position in National Healthcare Properties during the 2nd quarter valued at about $7,325,000.

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.

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