National Healthcare Properties (NASDAQ:NHP) Price Target Raised to $21.00 at Citizens Jmp

Key Points

• Citizens JMP raised National Healthcare Properties’ price target to $21 from $18 and maintained a “market outperform” rating, implying approximately 30.43% upside from the current price.
• Analyst sentiment is mixed: six analysts rate the stock a Buy, five a Hold and one a Sell, resulting in an overall “Hold” consensus and an average price target of $17.67.
• NHP shares opened at $16.10 after a reported 5% decline. In its latest quarter, the company posted revenue of $87.53 million and a loss of $0.13 per share, with negative net margin and return on equity.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) had its price objective raised by Citizens Jmp from $18.00 to $21.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. Citizens Jmp's target price would indicate a potential upside of 30.43% from the stock's current price.

Several other analysts have also recently weighed in on NHP. Zacks Research raised National Healthcare Properties to a "hold" rating in a report on Tuesday, June 9th. National Bank Financial set a $18.00 price objective on National Healthcare Properties in a report on Thursday, May 28th. BMO Capital Markets started coverage on shares of National Healthcare Properties in a research report on Monday, May 18th. They issued a "market perform" rating and a $17.00 price objective on the stock. Wall Street Zen raised shares of National Healthcare Properties to a "hold" rating in a research note on Saturday, May 2nd. Finally, The Goldman Sachs Group started coverage on shares of National Healthcare Properties in a research report on Monday, May 18th. They set a "buy" rating and a $20.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, National Healthcare Properties has an average rating of "Hold" and a consensus target price of $17.67.

National Healthcare Properties Trading Down 5.0%

Shares of NHP stock opened at $16.10 on Monday. 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 has a 52-week low of $11.25 and a 52-week high of $17.46. The stock has a fifty day simple moving average of $15.02.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last posted its quarterly earnings data 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 7.36%. The business had revenue of $87.53 million for the quarter. During the same period last year, the company earned ($0.85) earnings per share. As a group, equities research analysts predict that National Healthcare Properties will post 0.76 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source