Baird analyst Wesley Golladay initiated coverage of National Healthcare Properties (NHP) with an Outperform rating and $17 price target The company is transforming its portfolio by selling lower growth outpatient medical assets and acquiring higher growth senior housing operating assets, the analyst tells investors in a research note. The firm says National Healthcare trades at a meaningful discount to the peers. This gap should narrow as the company delivers good organic growth and completes the pending outpatient medical disposition, contends Baird.
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