National Health Investors, Inc. (NYSE:NHI) Receives Average Recommendation of “Moderate Buy” from Brokerages

National Health Investors, Inc. (NYSE:NHI) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $61.25.

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Truist Financial increased their price objective on shares of National Health Investors from $55.00 to $58.00 and gave the company a “hold” rating in a research report on Thursday, April 4th. StockNews.com downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. BMO Capital Markets raised shares of National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 price objective on the stock in a research report on Tuesday, March 12th. Finally, Wedbush increased their price objective on shares of National Health Investors from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, March 18th.

National Health Investors Price Performance

Shares of NHI opened at $66.62 on Friday. National Health Investors has a fifty-two week low of $48.51 and a fifty-two week high of $68.14. The firm’s 50 day moving average price is $64.59 and its 200 day moving average price is $59.48. The company has a market cap of $2.89 billion, a P/E ratio of 21.84 and a beta of 1.00. The company has a quick ratio of 13.24, a current ratio of 13.24 and a debt-to-equity ratio of 0.91.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 28th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Friday, June 28th. National Health Investors’s dividend payout ratio (DPR) is 118.03%.

Insider Activity at National Health Investors

In related news, Director Robert A. Mccabe, Jr. bought 437 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $65.83 per share, with a total value of $28,767.71. Following the transaction, the director now directly owns 21,585 shares of the company’s stock, valued at approximately $1,420,940.55. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.26% of the company’s stock.

Institutional Trading of National Health Investors

A number of large investors have recently bought and sold shares of NHI. Rhumbline Advisers boosted its stake in National Health Investors by 1.4% during the 3rd quarter. Rhumbline Advisers now owns 79,499 shares of the real estate investment trust’s stock worth $4,083,000 after purchasing an additional 1,085 shares during the period. Invesco Ltd. boosted its stake in National Health Investors by 12.0% during the 3rd quarter. Invesco Ltd. now owns 286,887 shares of the real estate investment trust’s stock worth $14,735,000 after purchasing an additional 30,834 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in National Health Investors by 36.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,743 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 3,916 shares during the period. Land & Buildings Investment Management LLC acquired a new stake in National Health Investors during the 3rd quarter worth $11,642,000. Finally, Employees Retirement System of Texas boosted its stake in National Health Investors by 75.0% during the 3rd quarter. Employees Retirement System of Texas now owns 35,000 shares of the real estate investment trust’s stock worth $1,798,000 after purchasing an additional 15,000 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

About National Health Investors

Incorporated in 1991, National Health Investors, Inc (NYSE:NHI) is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.