National Healthcare Properties, Inc. (NASDAQ:NHP) Stock Has Average Price Target of $18.40

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP) have received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $18.30.

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 17th. Citizens Jmp increased their price target 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. Wall Street Zen upgraded National Healthcare Properties from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Robert W. Baird boosted their price objective on National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, Wells Fargo & Company reduced their price objective on National Healthcare Properties from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday.

National Healthcare Properties Stock Down 2.0%

Shares of NASDAQ:NHP opened at $14.81 on Thursday. The stock has a 50 day moving average of $16.06. National Healthcare Properties has a twelve month low of $11.25 and a twelve month high of $17.46. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45.

National Healthcare Properties (NASDAQ:NHP) 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 6.22%. The company had revenue of $87.53 million during the quarter. During the same period in the previous year, the business earned ($0.85) EPS. On average, analysts expect that National Healthcare Properties will post 0.73 earnings per share for the current year.

National Healthcare Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 12th were issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, October 9th. National Healthcare Properties’s dividend payout ratio is currently -230.77%.

Hedge Funds Weigh In On National Healthcare Properties

A number of hedge funds and other institutional investors have recently modified their holdings of NHP. Copeland Capital Management LLC acquired a new stake in National Healthcare Properties during the 3rd quarter worth about $90,000. Envestnet Asset Management Inc. purchased a new stake in National Healthcare Properties during the second quarter valued at about $366,000. The Manufacturers Life Insurance Company acquired a new position in shares of National Healthcare Properties in the second quarter worth about $518,000. Readystate Asset Management LP acquired a new position in shares of National Healthcare Properties in the second quarter worth about $747,000. Finally, Squarepoint Ops LLC acquired a new position in shares of National Healthcare Properties in the second quarter worth about $5,233,000.

About National Healthcare Properties

National Healthcare Properties, Inc was a U.S.-based real estate investment trust focused on healthcare-related properties. The company’s portfolio consisted primarily of income-producing healthcare facilities, including skilled nursing centers, assisted-living communities, and other properties used by healthcare providers.

Its business model was based on acquiring healthcare real estate and leasing those properties to operators under long-term agreements. Through this approach, National Healthcare Properties sought to generate rental income from facilities serving aging and medically dependent populations.

National Healthcare Properties was historically associated with the U.S.