Robert W. Baird Issues Positive Forecast for National Healthcare Properties (NASDAQ:NHP) Stock Price

Key Points

• Robert W. Baird raised its price target for National Healthcare Properties from $17 to $18 and maintained an “outperform” rating, implying 6.64% upside from the prior close.
• Analyst sentiment remains mixed: six analysts rate NHP a Buy, five a Hold and one a Sell, resulting in a consensus “Hold” rating and an $18 average price target.
• Alyeska Investment Group acquired 2.54 million shares worth approximately $37.3 million, giving it a 3.49% stake in the healthcare-focused REIT.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) had its price target hoisted by equities research analysts at Robert W. Baird from $17.00 to $18.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 6.64% from the company's previous close.

NHP has been the subject of several other research reports. KeyCorp assumed coverage on National Healthcare Properties in a research note on Monday, May 18th. They issued a "sector weight" rating for the company. Royal Bank Of Canada raised their price target on National Healthcare Properties from $15.00 to $17.00 and gave the stock a "sector perform" rating in a research report on Monday. Wall Street Zen raised shares of National Healthcare Properties to a "hold" rating in a report on Saturday, May 2nd. Citizens Jmp upped their price target on 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. Finally, Morgan Stanley initiated coverage on National Healthcare Properties in a research note on Monday, May 18th. They issued an "equal weight" rating and a $16.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $18.00.

National Healthcare Properties Price Performance

NHP opened at $16.88 on Thursday. The stock has a market cap of $1.23 billion and a price-to-earnings ratio of -129.85. National Healthcare Properties has a one year low of $11.25 and a one year high of $17.46. The firm's fifty day moving average price is $15.35. 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 (NASDAQ:NHP - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. The company had revenue of $87.53 million during the quarter. During the same quarter in the prior year, the company earned ($0.85) earnings per share. On average, analysts expect that National Healthcare Properties will post 0.76 earnings per share for the current year.

Institutional Trading of National Healthcare Properties

A hedge fund recently bought a new stake in National Healthcare Properties stock. Alyeska Investment Group L.P. purchased a new position in National Healthcare Properties, Inc. (NASDAQ:NHP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,544,543 shares of the company's stock, valued at approximately $37,278,000. Alyeska Investment Group L.P. owned 3.49% of National Healthcare Properties at the end of the most recent quarter.

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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