National Healthcare Properties (NASDAQ:NHP) Hits New 52-Week High - Here's Why

Key Points

• National Healthcare Properties shares hit a new 52-week high of $17.42, rising from a prior close of $16.03 before settling at $16.83.
• Analyst views remain mixed: the stock has a consensus “Hold” rating and an average price target of $17.33, with recent targets ranging from $15 to $18.
• The company reported quarterly revenue of $87.53 million and a loss of $0.13 per share, while maintaining a quarterly dividend of $0.075, equivalent to an annualized yield of about 1.8%.

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $17.42 and last traded at $16.83, with a volume of 2297179 shares. The stock had previously closed at $16.03.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NHP shares. Royal Bank Of Canada initiated coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They issued a "sector perform" rating and a $15.00 price target on the stock. Citizens Jmp initiated coverage on shares of National Healthcare Properties in a research report on Thursday, May 28th. They set a "market outperform" rating and a $18.00 price objective for the company. Zacks Research upgraded shares of National Healthcare Properties to a "hold" rating in a report on Tuesday, June 9th. Wells Fargo & Company boosted their price objective on shares of National Healthcare Properties from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Finally, BMO Capital Markets initiated coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They issued a "market perform" rating and a $17.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $17.33.

National Healthcare Properties Price Performance

The business's 50-day simple moving average is $14.97. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.81.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. National Healthcare Properties had a negative return on equity of 7.36% and a negative net margin of 13.04%.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. On average, equities analysts forecast that National Healthcare Properties, Inc. will post 0.76 EPS for the current year.

National Healthcare Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.8%.

National Healthcare Properties Company Profile

National Healthcare Properties Inc is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing. National Healthcare Properties Inc is based in NEW YORK.

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