National Health Investors, Inc. (NYSE:NHI) Receives $75.33 Average Price Target from Analysts

National Health Investors, Inc. (NYSE:NHI) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research 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 brokers that have updated their coverage on the stock in the last year is $75.33.

Several brokerages recently commented on NHI. StockNews.com lowered 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 lifted their price objective for the company from $81.00 to $86.00 in a report on Tuesday, October 1st. Bank of America assumed coverage on shares of National Health Investors in a report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 target price on the stock. Finally, Truist Financial cut their price target on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a report on Monday, December 23rd.

National Health Investors Stock Performance

Shares of NYSE NHI opened at $67.53 on Tuesday. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 4.86 and a beta of 1.06. National Health Investors has a one year low of $51.59 and a one year high of $86.13. The business has a fifty day simple moving average of $73.82 and a 200 day simple moving average of $75.76. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92.

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

National Health Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s payout ratio is presently 123.71%.

Hedge Funds Weigh In On National Health Investors

A number of large investors have recently modified their holdings of NHI. Assetmark Inc. raised its holdings in National Health Investors by 27.8% during the 3rd quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 141 shares during the last quarter. Aviance Capital Partners LLC raised its stake in shares of National Health Investors by 6.2% during the third quarter. Aviance Capital Partners LLC now owns 3,788 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 221 shares during the last quarter. Arizona State Retirement System lifted its holdings in National Health Investors by 1.9% in the second quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust’s stock valued at $823,000 after buying an additional 222 shares during the period. Tidal Investments LLC boosted its stake in National Health Investors by 3.9% in the third quarter. Tidal Investments LLC now owns 6,762 shares of the real estate investment trust’s stock valued at $568,000 after acquiring an additional 254 shares during the last quarter. Finally, Quarry LP acquired a new stake in National Health Investors during the 3rd quarter worth $27,000. 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.