National Healthcare Properties (NASDAQ:NHP) Reaches New 52-Week High – Here’s Why

National Healthcare Properties, Inc. (NASDAQ:NHP)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $17.42 and last traded at $16.83, with a volume of 2297179 shares changing hands. The stock had previously closed at $16.03.

Wall Street Analysts Forecast Growth

NHP has been the topic of a number of research analyst reports. Zacks Research raised shares of National Healthcare Properties to a “hold” rating in a research report on Tuesday, June 9th. Citizens Jmp started coverage on shares of National Healthcare Properties in a research report on Thursday, May 28th. They issued a “market outperform” rating and a $18.00 target price for the company. Morgan Stanley began coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They set an “equal weight” rating and a $16.00 target price on the stock. Wells Fargo & Company boosted their price target 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, KeyCorp initiated coverage on shares of National Healthcare Properties in a research note on Monday, May 18th. They issued a “sector weight” rating for the company. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.33.

National Healthcare Properties Trading Up 0.7%

The firm’s fifty day simple moving average is $15.02. 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) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (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 during the quarter. During the same period last year, the firm posted ($0.85) EPS. On average, sell-side analysts forecast that National Healthcare Properties, Inc. will post 0.76 earnings per share for the current year.

National Healthcare Properties Dividend Announcement

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

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.