National Healthcare Properties (NASDAQ:NHP) Research Coverage Started at Huntington

Huntington began coverage on shares of National Healthcare Properties (NASDAQ:NHP) in a report released on Wednesday morning,Zacks reports. The brokerage issued a strong-buy rating on the stock.

Several other analysts have also recently issued reports on NHP. Wells Fargo & Company cut their target price on 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. Citigroup reiterated an “outperform” rating on shares of National Healthcare Properties in a report on Monday, August 10th. Royal Bank Of Canada increased their price objective on National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a report on Monday, August 17th. Wall Street Zen upgraded National Healthcare Properties from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Citizens Jmp boosted their target price on National Healthcare Properties from $18.00 to $21.00 and gave the company a “market outperform” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, six have issued 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

National Healthcare Properties Stock Performance

Shares of NASDAQ NHP traded up $0.03 during mid-day trading on Wednesday, hitting $15.24. The stock had a trading volume of 832,866 shares, compared to its average volume of 1,334,742. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. National Healthcare Properties has a 1 year low of $11.25 and a 1 year high of $17.46. The business’s 50 day moving average price is $15.69. The stock has a market capitalization of $1.11 billion and a price-to-earnings ratio of -117.23.

National Healthcare Properties (NASDAQ:NHP) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. The business had revenue of $103.06 million during the quarter. Equities research analysts predict that National Healthcare Properties will post 0.75 EPS for the current fiscal year.

National Healthcare Properties Dividend Announcement

The company also recently disclosed 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 of this dividend was Friday, October 9th. National Healthcare Properties’s payout ratio is presently -230.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new stake in National Healthcare Properties in the third quarter worth $13,573,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of National Healthcare Properties during the 3rd quarter valued at $175,000. Copeland Capital Management LLC purchased a new stake in shares of National Healthcare Properties in the 3rd quarter worth about $90,000. Envestnet Asset Management Inc. purchased a new stake in shares of National Healthcare Properties in the 2nd quarter worth about $366,000. Finally, State Street Corp bought a new position in shares of National Healthcare Properties in the 2nd quarter worth about $8,975,000.

About National Healthcare Properties

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.