National Healthcare Properties (NASDAQ:NHP) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of National Healthcare Properties (NASDAQ:NHP) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Several other research analysts also recently weighed in on NHP. Royal Bank Of Canada upped their target price on shares of National Healthcare Properties from $15.00 to $17.00 and gave the company a “sector perform” rating in a research note on Monday, August 17th. Citigroup reaffirmed an “outperform” rating on shares of National Healthcare Properties in a research note on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of National Healthcare Properties in a research note on Friday, October 16th. Wells Fargo & Company cut their price objective on shares of National Healthcare Properties from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Finally, Raymond James Financial assumed coverage on shares of National Healthcare Properties in a research report on Tuesday, October 13th. They issued an “outperform” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, National Healthcare Properties presently has a consensus rating of “Moderate Buy” and an average price target of $18.30.

National Healthcare Properties Stock Up 0.2%

NASDAQ NHP opened at $15.24 on Friday. The stock has a market cap of $1.11 billion and a PE ratio of -117.23. National Healthcare Properties has a fifty-two week low of $11.25 and a fifty-two week high of $17.46. The business has a 50 day moving average of $15.69. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79.

National Healthcare Properties (NASDAQ:NHP) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $103.06 million during the quarter. National Healthcare Properties had a negative net margin of 3.35% and a negative return on equity of 1.62%. Sell-side analysts anticipate that National Healthcare Properties will post 0.76 EPS for the current fiscal year.

National Healthcare Properties Announces Dividend

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

Hedge Funds Weigh In On National Healthcare Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. Copeland Capital Management LLC acquired a new stake in National Healthcare Properties in the third quarter valued at $90,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in National Healthcare Properties during the 3rd quarter worth $175,000. Envestnet Asset Management Inc. acquired a new position in National Healthcare Properties during the 2nd quarter worth $366,000. The Manufacturers Life Insurance Company acquired a new position in National Healthcare Properties during the 2nd quarter worth $518,000. Finally, Readystate Asset Management LP bought a new stake in shares of National Healthcare Properties in the 2nd quarter worth about $747,000.

National Healthcare Properties Company Profile

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.