Brokerages Set National Healthcare Properties, Inc. (NASDAQ:NHP) Target Price at $18.22

National Healthcare Properties, Inc. (NASDAQ:NHP) has received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $18.2222.

Several research firms have commented on NHP. Huntington began coverage on shares of National Healthcare Properties in a research note on Friday, July 17th. They set an “outperform” rating and a $18.00 price target on the stock. Wells Fargo & Company increased their target price on shares of National Healthcare Properties from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Citigroup reissued an “outperform” rating on shares of National Healthcare Properties in a research note on Monday, August 10th. Weiss Ratings initiated coverage on shares of National Healthcare Properties in a research report on Monday, July 20th. They set a “sell (d)” rating for the company. Finally, Citizens Jmp raised their price objective 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.

Institutional Trading of National Healthcare Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp purchased a new position in shares of National Healthcare Properties in the second quarter worth $8,975,000. The Manufacturers Life Insurance Company bought a new stake in National Healthcare Properties during the 2nd quarter valued at $518,000. Squarepoint Ops LLC purchased a new stake in National Healthcare Properties during the 2nd quarter valued at $5,233,000. Citadel Advisors LLC purchased a new stake in National Healthcare Properties during the 2nd quarter valued at $7,325,000. Finally, Readystate Asset Management LP bought a new stake in National Healthcare Properties in the 2nd quarter worth $747,000.

National Healthcare Properties Trading Down 0.1%

Shares of National Healthcare Properties stock opened at $16.30 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $1.19 billion and a price-to-earnings ratio of -125.38. The firm’s 50-day moving average price is $16.15. National Healthcare Properties has a 12 month low of $11.25 and a 12 month high of $17.46.

National Healthcare Properties (NASDAQ:NHP) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $87.53 million during the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%.During the same period last year, the firm earned ($0.85) EPS. As a group, analysts predict that National Healthcare Properties will post 0.7 earnings per share for the current fiscal year.

National Healthcare Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 15th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, July 15th. National Healthcare Properties’s dividend payout ratio (DPR) is presently -230.77%.

About National Healthcare Properties

National Healthcare Properties, Inc was a healthcare real estate investment trust (REIT) that owned and leased properties used by healthcare providers. Its portfolio included skilled nursing facilities, assisted living communities, medical office buildings and other healthcare-related properties.

The company generally generated revenue through long-term leases with healthcare operators and served markets across the United States. Its business model focused on owning healthcare real estate and providing facilities for senior care, post-acute care and medical services.

National Healthcare Properties was formerly publicly traded under the ticker NHP on the New York Stock Exchange.