National Healthcare Properties (NASDAQ:NHP) Sets New 52-Week High – Still a Buy?

National Healthcare Properties, Inc. (NASDAQ:NHP – Get Free Report) hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $18.50 and last traded at $18.50, with a volume of 274 shares changing hands. The stock had previously closed at $16.03.

Wall Street Analyst Weigh In

NHP has been the subject of several research reports. Robert W. Baird lifted their price objective on National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Wells Fargo & Company boosted their price target on National Healthcare Properties from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Royal Bank Of Canada upped their price objective on National Healthcare Properties from $15.00 to $17.00 and gave the company a “sector perform” rating in a research report on Monday, August 17th. Weiss Ratings started coverage on National Healthcare Properties in a research note on Monday, July 20th. They set a “sell (d)” rating on the stock. Finally, Citigroup reissued an “outperform” rating on shares of National Healthcare Properties in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, National Healthcare Properties currently has a consensus rating of “Hold” and a consensus target price of $18.22.

View Our Latest Stock Analysis on NHP

National Healthcare Properties Stock Up 0.7%

The firm has a market cap of $1.18 billion and a price-to-earnings ratio of -124.85. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $16.20.

National Healthcare Properties (NASDAQ:NHP – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) 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 business had revenue of $87.53 million during the quarter. During the same period in the prior year, the firm earned ($0.85) EPS. Equities research analysts anticipate that National Healthcare Properties, Inc. will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of National Healthcare Properties

A number of institutional investors and hedge funds have recently made changes to their positions in NHP. Envestnet Asset Management Inc. acquired a new position in National Healthcare Properties in the second quarter valued at $366,000. State Street Corp purchased a new position in shares of National Healthcare Properties in the 2nd quarter worth about $8,975,000. The Manufacturers Life Insurance Company acquired a new position in shares of National Healthcare Properties in the 2nd quarter valued at about $518,000. Squarepoint Ops LLC purchased a new stake in shares of National Healthcare Properties during the 2nd quarter worth about $5,233,000. Finally, Citadel Advisors LLC purchased a new position in National Healthcare Properties in the second quarter valued at approximately $7,325,000.

National Healthcare Properties Company Profile

(Get Free Report)

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.

Further Reading

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