National Health Investors, Inc. (NYSE:NHI) Receives $76.33 Average PT from Analysts

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

A number of analysts have recently weighed in on NHI shares. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Wells Fargo & Company cut National Health Investors from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $81.00 to $86.00 in a research note on Tuesday, October 1st. Truist Financial boosted 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. Finally, Bank of America initiated coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price objective for the company.

Institutional Trading of National Health Investors

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

National Health Investors Stock Up 0.6 %

National Health Investors stock opened at $72.76 on Friday. The firm has a market capitalization of $3.30 billion, a P/E ratio of 25.00, a P/E/G ratio of 4.87 and a beta of 1.04. The company has a 50-day simple moving average of $77.01 and a 200-day simple moving average of $75.53. National Health Investors has a one year low of $51.59 and a one year high of $86.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29.

National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.42). The firm had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. National Health Investors’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. As a group, equities analysts expect that National Health Investors will post 4.42 earnings per share for the current year.

National Health Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be issued a $0.90 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.95%. National Health Investors’s payout ratio is currently 123.71%.

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.