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

Shares of National Health Investors, Inc. (NYSE:NHI) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $70.86.

Several research analysts recently weighed in on the stock. Truist Financial upped their price target on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. 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, StockNews.com raised National Health Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th.

Institutional Trading of National Health Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in shares of National Health Investors during the second quarter valued at about $28,000. Compass Wealth Management LLC purchased a new stake in shares of National Health Investors during the 1st quarter worth approximately $30,000. International Assets Investment Management LLC acquired a new position in National Health Investors in the second quarter valued at $36,000. Blue Trust Inc. boosted its position in shares of National Health Investors by 2,651.9% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 716 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of National Health Investors by 66.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 1,033 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Trading Down 0.2 %

Shares of National Health Investors stock opened at $82.99 on Friday. National Health Investors has a fifty-two week low of $48.51 and a fifty-two week high of $86.13. The company has a debt-to-equity ratio of 0.91, a quick ratio of 10.27 and a current ratio of 10.27. The company has a market cap of $3.60 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 8.86 and a beta of 1.04. The firm has a 50-day simple moving average of $78.82 and a two-hundred day simple moving average of $69.71.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.81 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $64.95 million. During the same period in the previous year, the business posted $1.06 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities analysts predict that National Health Investors will post 4.55 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, September 27th. National Health Investors’s dividend payout ratio (DPR) 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.