National Healthcare Properties, Inc. (NASDAQ:NHP) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analyst sentiment was broadly positive: 13 firms gave National Healthcare Properties a consensus “Moderate Buy” rating, with an average one-year price target of $18.30.
• The company reported quarterly earnings per share of $0.24, beating the $0.18 consensus estimate, and declared a $0.075-per-share quarterly dividend (2.0% indicated yield).
• Important context: The article states National Healthcare Properties was acquired by Ventas in 2015 and is no longer an independent publicly traded company, which conflicts with its current-stock coverage and trading data.

National Healthcare Properties, Inc. (NASDAQ:NHP - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.30.

Several research analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of National Healthcare Properties from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. Robert W. Baird boosted their price objective on shares of National Healthcare Properties from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Citigroup reaffirmed an "outperform" rating on shares of National Healthcare Properties in a research note on Monday, August 10th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of National Healthcare Properties in a report on Friday, October 16th. Finally, Wall Street Zen cut shares of National Healthcare Properties from a "buy" rating to a "hold" rating in a research report on Saturday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC purchased a new stake in National Healthcare Properties during the 3rd quarter valued at about $90,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in National Healthcare Properties during the 3rd quarter worth approximately $175,000. Envestnet Asset Management Inc. bought a new position in National Healthcare Properties during the 2nd quarter worth approximately $366,000. The Manufacturers Life Insurance Company purchased a new position in National Healthcare Properties in the 2nd quarter worth approximately $518,000. Finally, Readystate Asset Management LP purchased a new position in National Healthcare Properties in the 2nd quarter worth approximately $747,000.

National Healthcare Properties Stock Performance

Shares of National Healthcare Properties stock opened at $15.24 on Monday. The company has a market cap of $1.11 billion and a price-to-earnings ratio of -117.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. National Healthcare Properties has a 12 month low of $11.25 and a 12 month high of $17.46. The firm's 50-day moving average price is $15.69.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.24 earnings per share 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 1.62% and a negative net margin of 3.35%. As a group, analysts predict that National Healthcare Properties will post 0.76 earnings per share for the current fiscal year.

National Healthcare Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 12th were given a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, October 9th. National Healthcare Properties's dividend payout ratio is presently -230.77%.

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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