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

National Health Investors, Inc. (NYSE:NHI) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $63.75.

A number of analysts have recently commented on the stock. Truist Financial boosted their target price on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 30th. StockNews.com raised shares of National Health Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company raised their target price on shares of National Health Investors from $63.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th.

Institutional Trading of National Health Investors

A number of hedge funds have recently bought and sold shares of NHI. Janney Montgomery Scott LLC boosted its position in National Health Investors by 0.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,707 shares of the real estate investment trust’s stock worth $1,324,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of National Health Investors by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust’s stock worth $823,000 after purchasing an additional 222 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of National Health Investors by 6.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 238 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in National Health Investors by 4.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 8,200 shares of the real estate investment trust’s stock valued at $458,000 after buying an additional 359 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in National Health Investors by 6.9% during the second quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust’s stock valued at $434,000 after buying an additional 416 shares during the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

National Health Investors Price Performance

Shares of National Health Investors stock opened at $80.31 on Wednesday. The company’s fifty day simple moving average is $73.89 and its two-hundred day simple moving average is $66.49. National Health Investors has a 12-month low of $48.51 and a 12-month high of $81.43. The firm has a market cap of $3.49 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 8.51 and a beta of 1.02. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91.

National Health Investors (NYSE:NHI) last announced its quarterly 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). National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The business had revenue of $84.97 million during the quarter, compared to analysts’ expectations of $64.95 million. During the same period in the previous year, the business earned $1.06 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts expect that National Health Investors will post 4.55 EPS for the current year.

National Health Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.48%. National Health Investors’s dividend payout ratio is presently 118.03%.

National Health Investors Company Profile

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.