National Healthcare Properties, Inc. (NASDAQ:NHP) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Of 12 covering firms, six rate National Healthcare Properties a buy, five a hold and one a sell. The average 12-month price target is $18.22.
• Quarterly results remained weak: NHP reported a loss of $0.13 per share on $87.53 million in revenue, alongside a negative net margin of 13.04% and negative return on equity of 6.22%.
• The company pays a modest dividend: Its quarterly dividend is $0.075 per share, or $0.30 annualized, representing a 1.9% yield; several institutional investors also established new positions during the second quarter.

National Healthcare Properties, Inc. (NASDAQ:NHP - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $18.2222.

NHP has been the subject of a number of research analyst reports. Citizens Jmp increased their price objective on shares of National Healthcare Properties from $18.00 to $21.00 and gave the company a "market outperform" rating in a report on Monday, August 10th. 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. Citigroup reiterated an "outperform" rating on shares of National Healthcare Properties in a research note on Monday, August 10th. National Bank Financial set a $18.00 price objective on shares of National Healthcare Properties in a report on Thursday, May 28th. Finally, Wells Fargo & Company raised their price objective on National Healthcare Properties from $17.00 to $19.00 and gave the company an "overweight" rating in a research report on Tuesday, September 1st.

National Healthcare Properties Stock Performance

The company has a market capitalization of $1.17 billion and a P/E ratio of -123.08. 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's fifty day moving average is $16.11. National Healthcare Properties has a 52-week low of $11.25 and a 52-week high of $17.46.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last issued 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 quarter in the previous year, the business earned ($0.85) earnings per share. Equities analysts anticipate that National Healthcare Properties will post 0.7 earnings per share for the current fiscal year.

National Healthcare Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 15th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. National Healthcare Properties's dividend payout ratio is presently -230.77%.

Hedge Funds Weigh In On National Healthcare Properties

Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of National Healthcare Properties during the 2nd quarter worth approximately $518,000. Readystate Asset Management LP purchased a new position in shares of National Healthcare Properties in the second quarter valued at $747,000. Squarepoint Ops LLC purchased a new position in shares of National Healthcare Properties in the second quarter valued at $5,233,000. Citadel Advisors LLC bought a new stake in National Healthcare Properties in the second quarter worth $7,325,000. Finally, Irenic Capital Management LP bought a new stake in National Healthcare Properties in the second quarter worth $8,052,000.

About National Healthcare Properties

National Healthcare Properties, Inc was a healthcare real estate investment trust (REIT) that owned and leased properties used by healthcare providers. Its portfolio included skilled nursing facilities, assisted living communities, medical office buildings and other healthcare-related properties.

The company generally generated revenue through long-term leases with healthcare operators and served markets across the United States. Its business model focused on owning healthcare real estate and providing facilities for senior care, post-acute care and medical services.

National Healthcare Properties was formerly publicly traded under the ticker NHP on the New York Stock Exchange.

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