National Health Investors (NYSE:NHI) PT Raised to $65.00

National Health Investors (NYSE:NHI) had its price target increased by Truist Financial from $58.00 to $65.00 in a research report sent to investors on Wednesday, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

A number of other brokerages have also commented on NHI. Wedbush lifted their price objective on National Health Investors from $64.00 to $66.00 and gave the stock an outperform rating in a research report on Monday, March 18th. Wells Fargo & Company lifted their price objective on National Health Investors from $63.00 to $69.00 and gave the stock an overweight rating in a research report on Thursday, May 30th. BMO Capital Markets upgraded National Health Investors from a market perform rating to an outperform rating and set a $67.00 price objective for the company in a research report on Tuesday, March 12th. Finally, StockNews.com lowered National Health Investors from a buy rating to a hold rating in a research report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $62.13.

National Health Investors Stock Performance

Shares of NYSE:NHI opened at $66.89 on Wednesday. National Health Investors has a twelve month low of $48.51 and a twelve month high of $68.14. The firm has a market cap of $2.90 billion, a PE ratio of 21.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 13.24 and a current ratio of 13.24. The business has a fifty day moving average of $65.22 and a 200-day moving average of $59.83.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 28th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Friday, June 28th. National Health Investors’s dividend payout ratio (DPR) is currently 118.03%.

Insiders Place Their Bets

In other National Health Investors news, Director Robert A. Mccabe, Jr. acquired 437 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $65.83 per share, for a total transaction of $28,767.71. Following the acquisition, the director now directly owns 21,585 shares of the company’s stock, valued at approximately $1,420,940.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.21% of the company’s stock.

Hedge Funds Weigh In On National Health Investors

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of National Health Investors by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,189,864 shares of the real estate investment trust’s stock valued at $388,909,000 after purchasing an additional 43,520 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of National Health Investors by 8.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,870,632 shares of the real estate investment trust’s stock valued at $104,475,000 after purchasing an additional 146,735 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its holdings in shares of National Health Investors by 8.4% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 508,035 shares of the real estate investment trust’s stock valued at $31,920,000 after purchasing an additional 39,554 shares in the last quarter. Norges Bank bought a new position in shares of National Health Investors during the 4th quarter valued at about $25,448,000. Finally, Land & Buildings Investment Management LLC lifted its holdings in shares of National Health Investors by 81.8% during the 4th quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock valued at $23,013,000 after purchasing an additional 185,377 shares in the last quarter. Institutional investors 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.