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

Key Points

• Analysts have a consensus “Hold” rating on National Healthcare Properties, with seven buys, five holds and one sell among 13 firms. The average 12-month price target is $18.40, above the reported share price of $14.67.
• NHP shares were trading down 5.4%, while the company reported quarterly revenue of $87.53 million and a loss of $0.13 per share. Analysts expect full-year EPS of $0.70.
• The company declared a quarterly dividend of $0.075 per share, equivalent to $0.30 annually and a 2.0% yield; several institutional investors, including State Street and Citadel Advisors, recently acquired stakes.

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP - Get Free Report) have received an average recommendation of "Hold" from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $18.40.

A number of analysts recently weighed in on NHP shares. Wells Fargo & Company upped their price objective on shares of National Healthcare Properties from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 1st. Citizens Jmp raised their target price 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. Wall Street Zen raised shares of National Healthcare Properties from a "hold" rating to a "buy" rating in a research report on Saturday, October 10th. Royal Bank Of Canada boosted their price target on shares of National Healthcare Properties from $15.00 to $17.00 and gave the company a "sector perform" rating in a report on Monday, August 17th. Finally, Raymond James Financial began coverage on shares of National Healthcare Properties in a research report on Tuesday. They issued an "outperform" rating and a $20.00 price target for the company.

National Healthcare Properties Trading Down 5.4%

Shares of NHP stock opened at $14.67 on Thursday. National Healthcare Properties has a twelve month low of $11.25 and a twelve month high of $17.46. The stock has a market cap of $1.07 billion and a PE ratio of -112.85. The stock has a fifty day moving average price of $16.17. 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 (NASDAQ:NHP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $87.53 million for the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%. During the same quarter last year, the firm earned ($0.85) earnings per share. Research analysts predict that National Healthcare Properties will post 0.70 EPS 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. Investors 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 yield of 2.0%. The ex-dividend date of this dividend is Friday, October 9th. National Healthcare Properties's dividend payout ratio (DPR) is presently -230.77%.

Hedge Funds Weigh In On National Healthcare Properties

A number of large investors have recently bought and sold shares of NHP. Irenic Capital Management LP bought a new stake in National Healthcare Properties during the 2nd quarter valued at $8,052,000. Citadel Advisors LLC purchased a new position in shares of National Healthcare Properties in the 2nd quarter valued at $7,325,000. State Street Corp purchased a new position in shares of National Healthcare Properties in the 2nd quarter valued at $8,975,000. The Manufacturers Life Insurance Company purchased a new position in shares of National Healthcare Properties in the 2nd quarter valued at $518,000. Finally, Squarepoint Ops LLC bought a new position in shares of National Healthcare Properties in the 2nd quarter worth $5,233,000.

About National Healthcare Properties

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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