National Healthcare Properties (NHP)
Owns U.S. senior housing and outpatient medical facilities.
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Owns U.S. senior-housing communities and outpatient medical facilities through SHOP and OMF. As a self-managed REIT, it is increasing its emphasis on needs-based, private-pay senior housing.
Owns and manages U.S. healthcare real estate through Senior Housing Operating Properties (SHOP) and Outpatient Medical Facilities (OMF). SHOP consists of senior-housing communities, while OMF includes outpatient medical facilities.
Operates as a self-managed REIT after bringing advisory and property-management functions in-house. Management is increasing its emphasis on needs-based, private-pay senior housing and operator relationships.
This is a reweighting of existing segments rather than the creation of a new line. Both remain current reportable segments. A proposed OMF portfolio sale remained subject to closing conditions, so the portfolio continues to reflect both business lines. The current common stock trades on Nasdaq.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $17 | Target: $19 |
| Aug 20, 2026 | Robert W. Baird | Target | Target: $17 | Target: $18 |
| Aug 17, 2026 | RBC Capital | Reiterate | Rating: —Target: $15 | Target: $17 |
| Jul 15, 2026 | Wells Fargo | Reiterate | Rating: —Target: $16 | Target: $17 |
| May 28, 2026 | National Bank | Target | Target: $17 | Target: $18 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $302.4M · Total debt $861.0M · Total assets $1.98B · Shareholders' equity $1.05B
- Revenue
- $87.5M
- Operating income
- $8.9M
- Net income
- −$5.4M
HistoryDividendAnnual yield
| Institutions | 73.82% | 53.82M shares | |
|---|---|---|---|
| 94 holders · as of Jun 30, 2026 | |||
| Insiders | 0.04% | 29.5K shares | |
| 2 holders · as of Aug 19, 2026 | |||
| Other | 26.14% | 19.05M shares | |
| remainder | |||
72.90M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (72.90M in the company's Sep 22, 2026 report, 16.87M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Principal Financial Group IncInstitution | 6.76% | 4.93M A | as of Jun 30, 2026 |
AllianceBernstein L.P.Institution | 6.71% | 4.89M A | as of Jun 30, 2026 |
Prudential Financial IncInstitution | 6.18% | 4.50M A | as of Jun 30, 2026 |
Duff & Phelps Investment Management CoInstitution | 5.67% | 4.13M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.27% | 3.84M A | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Welltower
Large overlap in senior housing and outpatient medical real estate
- Ventas
Overlaps in SHOP senior housing and outpatient medical real estate
- Healthpeak Properties
Outpatient medical and senior-housing real-estate overlap
- Community Healthcare Trust
U.S. outpatient-healthcare real-estate overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| National Healthcare Properties | $16.36 | +0.26% | $275.3M | — | 19.8 | 0.8 | — |
| Welltower | $230.80 | −0.84% | $167.72B | 123.2 | 83.3 | 13.3 | +39.1% |
| Ventas | $86.98 | −0.06% | $42.31B | 161.2 | 120.4 | 6.6 | +21.7% |
| Healthpeak Properties | $20.63 | −0.46% | $14.28B | 59.2 | 104.2 | 4.8 | +10.5% |
| Community Healthcare Trust | $14.51 | +0.87% | $410.9M | 21.4 | 35.4 | 3.3 | +2.8% |
| Median | 91.2 | 93.7 | 5.7 | +16.1% |