KeyBanc Downgrades Nationwide Health Properties (NHP) to Hold; Valuation Call

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KeyBanc downgraded Nationwide Health Properties (NYSE: NHP) from Buy to Hold.

KeyBanc analyst says, "The stock surpassed our former $41 price target following the announcement that Ventas (NYSE: VTR) will acquire NHP in a stock-for-stock transaction at a fixed exchange ratio. Ventas's acquisition of NHP is expected to close in 3Q11."

For more ratings news on Nationwide Health Properties click here and for the rating history of Nationwide Health Properties click here.

Shares of Nationwide Health Properties closed at $42.74 yesterday, with a 52 week range of $30.91-$44.05.

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