National Health Investors (NYSE:NHI) Downgraded to Equal Weight at Wells Fargo & Company

National Health Investors (NYSE:NHI) was downgraded by Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, Briefing.com reports. They presently have a $86.00 price target on the real estate investment trust’s stock, up from their previous price target of $81.00. Wells Fargo & Company‘s price target indicates a potential upside of 2.32% from the stock’s previous close.

NHI has been the topic of a number of other research reports. StockNews.com upgraded National Health Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Bank of America began coverage on National Health Investors in a research note on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price target on the stock. Finally, Truist Financial increased their price target on National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.29.

National Health Investors Stock Up 1.3 %

NYSE:NHI opened at $84.05 on Tuesday. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 8.86 and a beta of 1.04. National Health Investors has a twelve month low of $48.51 and a twelve month high of $86.13. The stock’s 50 day moving average price is $79.03 and its two-hundred day moving average price is $69.95.

National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). National Health Investors had a net margin of 39.11% and a return on equity of 10.11%. The business had revenue of $84.97 million during the quarter, compared to the consensus estimate of $64.95 million. During the same quarter last year, the company posted $1.06 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. Equities research analysts expect that National Health Investors will post 4.55 earnings per share for the current fiscal year.

Institutional Trading of National Health Investors

Large investors have recently modified their holdings of the stock. Jupiter Asset Management Ltd. raised its position in National Health Investors by 448.7% in the first quarter. Jupiter Asset Management Ltd. now owns 76,875 shares of the real estate investment trust’s stock valued at $4,830,000 after purchasing an additional 62,865 shares during the last quarter. Land & Buildings Investment Management LLC grew its stake in National Health Investors by 81.8% in the fourth 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 acquiring an additional 185,377 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of National Health Investors during the first quarter valued at approximately $547,000. Strategic Financial Concepts LLC purchased a new position in shares of National Health Investors during the second quarter valued at approximately $28,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of National Health Investors by 9.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 407,855 shares of the real estate investment trust’s stock valued at $25,626,000 after buying an additional 36,653 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

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.