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Enter Symbol:
 
Nationwide Health Properties, Inc. (NHP) [hlAlert]

Rating:
Mkt Perform
NHP
down 14.74 %

Nationwide Health Properties, Inc. (NHP) downgraded to Mkt Perform by Wachovia

Posted on: Friday,  Feb 20, 2009  8:25 AM ET by Wachovia

Wachovia rated Mkt Perform Nationwide Health Properties, Inc. (NYSE: NHP) on 02/20/2009. Previously Wachovia rated Outperform Nationwide Health Properties, Inc. (NYSE: NHP)
on 12/09/2008., when the stock price was $23.88. Since then, Nationwide Health Properties, Inc. has lost 14.74% as of 02/20/2009's recent price of $20.36.
If you would have followed the previous Wachovia's recommendation on NHP, you would have lost 14.74% of your investment in 73 days.

Nationwide Health Properties, Inc. (NHP) is a real estate investment trust (REIT) that invests primarily in healthcare-related senior housing, long-term care properties and medical office buildings. As of December 31, 2008, the Company had investments in 583 healthcare facilities located in 43 states. Its operations are organized into two segments: triple-net leases and multi-tenant leases. In the triple-net leases segment, NHP invests in healthcare related properties and lease the facilities to unaffiliated tenants. In the multi-tenant leases segment, it invests in healthcare related properties that have several tenants under separate leases. As of December 31, 2008, approximately 93% of NHP?s revenues are derived from its leases, with the remaining 7% from the Company?s mortgage loans and other financing activities.

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2009 8:25 AM Hold
None
20.36
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -29.10 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/9/2008 9:25 AM Buy
None
23.88
7/18/2008 8:25 AM Hold
None
34.05

(*) Stock Price at the time of the recommendation.
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