National Health Investors (NYSE:NHI) Hits New 1-Year High at $80.71

National Health Investors, Inc. (NYSE:NHI)’s share price hit a new 52-week high on Wednesday . The company traded as high as $80.71 and last traded at $80.68, with a volume of 207251 shares changing hands. The stock had previously closed at $79.41.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NHI. Truist Financial boosted their price objective on shares of National Health Investors from $58.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. StockNews.com upgraded 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 price objective on National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.13.

National Health Investors Stock Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 13.24 and a current ratio of 13.24. The company has a market capitalization of $3.50 billion, a P/E ratio of 26.45 and a beta of 1.02. The firm has a 50 day moving average price of $72.51 and a two-hundred day moving average price of $65.51.

National Health Investors (NYSE:NHI) last announced 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). The company had revenue of $84.97 million during the quarter, compared to the consensus estimate of $64.95 million. National Health Investors had a net margin of 41.40% and a return on equity of 10.41%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. On average, research analysts expect that National Health Investors, Inc. will post 4.4 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.46%. The ex-dividend date is Friday, September 27th. National Health Investors’s dividend payout ratio is currently 118.03%.

Insider Buying and Selling at National Health Investors

In other news, Director Robert A. Mccabe, Jr. acquired 437 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $65.83 per share, with a total value of $28,767.71. Following the completion of the acquisition, the director now owns 21,585 shares in the company, valued at approximately $1,420,940.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 7.26% of the company’s stock.

Institutional Trading of National Health Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in NHI. Truist Financial Corp grew its holdings in National Health Investors by 4.9% during the 2nd quarter. Truist Financial Corp now owns 38,031 shares of the real estate investment trust’s stock worth $2,576,000 after acquiring an additional 1,780 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of National Health Investors during the second quarter valued at approximately $215,000. Algert Global LLC acquired a new stake in shares of National Health Investors in the second quarter valued at approximately $628,000. The Manufacturers Life Insurance Company raised its position in National Health Investors by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,051 shares of the real estate investment trust’s stock worth $1,629,000 after purchasing an additional 950 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in National Health Investors by 92.3% during the 2nd quarter. Dark Forest Capital Management LP now owns 15,285 shares of the real estate investment trust’s stock worth $1,035,000 after buying an additional 7,335 shares in the last quarter. 62.51% of the stock is currently 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.