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

Shares of National Health Investors, Inc. (NYSE:NHI) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $76.33.

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company cut shares of National Health Investors from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $81.00 to $86.00 in a report on Tuesday, October 1st. Truist Financial upped their price objective 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. 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 target price on the stock. Finally, StockNews.com cut National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

Institutional Trading of National Health Investors

A number of institutional investors and hedge funds have recently bought and sold shares of NHI. Quarry LP purchased a new stake in National Health Investors during the 3rd quarter worth $27,000. Strategic Financial Concepts LLC acquired a new position in shares of National Health Investors in the second quarter worth about $28,000. Covestor Ltd boosted its holdings in National Health Investors by 2,700.0% in the third quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 405 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in National Health Investors during the 3rd quarter valued at approximately $35,000. Finally, International Assets Investment Management LLC purchased a new stake in National Health Investors during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Trading Down 0.9 %

NYSE:NHI opened at $72.33 on Friday. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. National Health Investors has a 52-week low of $51.59 and a 52-week high of $86.13. The stock’s 50 day moving average price is $77.18 and its 200 day moving average price is $75.32. The company has a market capitalization of $3.29 billion, a PE ratio of 24.85, a P/E/G ratio of 5.05 and a beta of 1.04.

National Health Investors (NYSE:NHI) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). The business had revenue of $63.32 million during the quarter, compared to analyst estimates of $67.93 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 earnings per share. On average, research analysts anticipate that National Health Investors will post 4.42 EPS for the current year.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s dividend payout ratio (DPR) is presently 123.71%.

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.