National Healthcare Properties, Inc.’s Quiet Period To End on June 1st (NASDAQ:NHP)

National Healthcare Properties’ (NASDAQ:NHP) quiet period is set to end on Monday, June 1st. National Healthcare Properties had issued 38,500,000 shares in its initial public offering on April 22nd. The total size of the offering was $462,000,000 based on an initial share price of $12.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NHP. Wall Street Zen raised National Healthcare Properties to a “hold” rating in a research report on Saturday, May 2nd. Robert W. Baird assumed coverage on National Healthcare Properties in a research report on Monday, May 18th. They set an “outperform” rating and a $17.00 price objective for the company. Wells Fargo & Company assumed coverage on National Healthcare Properties in a research report on Monday, May 18th. They issued an “overweight” rating and a $16.00 target price for the company. The Goldman Sachs Group assumed coverage on National Healthcare Properties in a research report on Monday, May 18th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Morgan Stanley assumed coverage on National Healthcare Properties in a research report on Monday, May 18th. They issued an “equal weight” rating and a $16.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.71.

National Healthcare Properties Price Performance

Shares of NASDAQ NHP opened at $14.73 on Monday. National Healthcare Properties has a 52-week low of $11.25 and a 52-week high of $15.40.