Bond.az - Goldman Sachs initiated coverage on Nationwide Health Properties (NASDAQ:NHP) with a Buy rating and a price target of $20.00. The stock currently trades at $14.86, implying about 35% upside.
The firm cited progress in transitioning to a pure-play senior housing operating portfolio. Exposure to secondary and tertiary markets helps insulate from supply risks.
Goldman Sachs believes NHP's asset management team can drive portfolio improvements.
NHP has a market cap of $916 million and total debt of $1.04 billion. However, a current ratio of 3.5 indicates sufficient liquidity.
A $528 million OMF portfolio sale is under agreement. Additionally, $125 million in acquisitions are under agreement, with $275 million guided for 2026.
In other news, National Healthcare Properties reported strong Q1 2026 results. Normalized FFO was $7.5 million, or $0.26 per share, nearly double Q1 2025.
