Truist Financial Increases National Health Investors (NYSE:NHI) Price Target to $78.00

National Health Investors (NYSE:NHI) had its price target raised by equities researchers at Truist Financial from $65.00 to $78.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential downside of 4.21% from the stock’s previous close.

NHI has been the subject of several other reports. StockNews.com upgraded National Health Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Wells Fargo & Company increased their price target on National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.75.

National Health Investors Trading Up 1.2 %

Shares of NHI stock opened at $81.43 on Friday. The company has a current ratio of 13.24, a quick ratio of 13.24 and a debt-to-equity ratio of 0.91. National Health Investors has a twelve month low of $48.51 and a twelve month high of $81.43. The company’s 50-day moving average price is $73.33 and its 200-day moving average price is $66.01. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 26.70 and a beta of 1.02.

National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). The firm had revenue of $84.97 million for the quarter, compared to analysts’ expectations of $64.95 million. National Health Investors had a return on equity of 10.41% and a net margin of 41.40%. National Health Investors’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $1.06 earnings per share. As a group, equities analysts predict that National Health Investors will post 4.4 earnings per share for the current year.

Institutional Trading of National Health Investors

Several hedge funds have recently made changes to their positions in NHI. Norges Bank purchased a new stake in National Health Investors during the 4th quarter worth approximately $25,448,000. Waterfront Capital Partners LLC acquired a new position in shares of National Health Investors in the fourth quarter worth $21,863,000. Land & Buildings Investment Management LLC increased its position in shares of National Health Investors by 81.8% during the fourth quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock worth $23,013,000 after acquiring an additional 185,377 shares during the period. Sound Income Strategies LLC raised its stake in shares of National Health Investors by 21,963.3% in the second quarter. Sound Income Strategies LLC now owns 153,119 shares of the real estate investment trust’s stock valued at $10,371,000 after acquiring an additional 152,425 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of National Health Investors by 8.5% in the fourth 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 acquiring an additional 146,735 shares in the last quarter. 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.