Raymond James Financial Upgrades National Healthcare Properties (NASDAQ:NHP) to “Moderate Buy”

National Healthcare Properties (NASDAQ:NHP) was upgraded by research analysts at Raymond James Financial to a “moderate buy” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other equities analysts have also issued reports on the company. Wells Fargo & Company increased their price objective on National Healthcare Properties from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Robert W. Baird lifted their target price on National Healthcare Properties from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Huntington started coverage on National Healthcare Properties in a research report on Friday, July 17th. They set an “outperform” rating and a $18.00 price target for the company. Weiss Ratings began coverage on National Healthcare Properties in a research report on Monday, July 20th. They set a “sell (d)” rating for the company. Finally, Royal Bank Of Canada increased their price target on National Healthcare Properties from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Monday, August 17th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, National Healthcare Properties has an average rating of “Hold” and a consensus target price of $18.40.

National Healthcare Properties Price Performance

National Healthcare Properties stock opened at $15.51 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $16.19. National Healthcare Properties has a 52-week low of $11.25 and a 52-week high of $17.46.

National Healthcare Properties (NASDAQ:NHP) last posted its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS 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 business posted ($0.85) EPS. Sell-side analysts anticipate that National Healthcare Properties will post 0.70 EPS for the current year.

Institutional Trading of National Healthcare Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Copeland Capital Management LLC bought a new position in shares of National Healthcare Properties in the third quarter valued at approximately $90,000. Envestnet Asset Management Inc. acquired a new position in shares of National Healthcare Properties during the second quarter valued at approximately $366,000. State Street Corp acquired a new position in shares of National Healthcare Properties during the second quarter valued at approximately $8,975,000. The Manufacturers Life Insurance Company bought a new stake in National Healthcare Properties during the second quarter worth approximately $518,000. Finally, Squarepoint Ops LLC bought a new stake in National Healthcare Properties during the second quarter worth approximately $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.