NEW YORK (

TheStreet

) -- Shares of

Nationwide Health Properties

(NYSE:

NHP

) were gapping up Monday morning with an open price 12.6% higher than Friday's closing price. The stock closed at $38.96 Friday and opened today's trading at $43.85.

The average volume for Nationwide Health has been one million shares per day over the past 30 days. Nationwide Health has a market cap of $4.8 billion and is part of the

financial

sector and

real estate

industry. Shares are up 7.1% year to date as of the close of trading on Friday.

Nationwide Health Properties, Inc. operates as a real estate investment trust (REIT) that invests primarily in healthcare-related senior housing and long-term care facilities in the United States. The company has a P/E ratio of 35.9, above the average real estate industry P/E ratio of 33.7 and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Nationwide Health as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Nationwide Health Ratings Report

.

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