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

Shares of National Health Investors, Inc. (NYSE:NHI) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $73.29.

A number of equities research analysts have commented on NHI shares. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Truist Financial upped their price target on National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Bank of America started coverage on National Health Investors in a research note on Tuesday, September 24th. They set a “buy” rating and a $92.00 target price for the company. Finally, Wells Fargo & Company cut National Health Investors from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $81.00 to $86.00 in a research note on Tuesday, October 1st.

Institutional Investors Weigh In On National Health Investors

A number of hedge funds have recently added to or reduced their stakes in NHI. PNC Financial Services Group Inc. grew its stake in National Health Investors by 6.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 238 shares during the period. DGS Capital Management LLC acquired a new stake in National Health Investors in the first quarter valued at approximately $232,000. Allspring Global Investments Holdings LLC grew its stake in National Health Investors by 66.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 1,033 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in National Health Investors by 9.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 407,855 shares of the real estate investment trust’s stock valued at $25,626,000 after acquiring an additional 36,653 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in National Health Investors by 4.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 197,863 shares of the real estate investment trust’s stock valued at $12,432,000 after acquiring an additional 8,642 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Trading Up 1.3 %

NYSE NHI opened at $78.45 on Thursday. The business’s 50-day moving average price is $80.65 and its two-hundred day moving average price is $72.58. National Health Investors has a 12 month low of $49.25 and a 12 month high of $86.13. The firm has a market capitalization of $3.41 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 4.72 and a beta of 1.04. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.91.

National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $84.97 million during the quarter, compared to the consensus estimate of $64.95 million. During the same quarter last year, the firm posted $1.06 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts expect that National Health Investors will post 4.52 EPS for the current year.

National Health Investors Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, September 27th. This represents a $3.60 dividend on an annualized basis and a yield of 4.59%. National Health Investors’s dividend payout ratio (DPR) is presently 122.45%.

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.