National Health Investors (NYSE:NHI) Given New $76.00 Price Target at Truist Financial

National Health Investors (NYSE:NHI) had its price objective increased by research analysts at Truist Financial from $70.00 to $76.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target suggests a potential upside of 0.74% from the company’s previous close.

Separately, Wedbush restated an “outperform” rating and issued a $88.00 target price on shares of National Health Investors in a report on Monday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $85.50.

National Health Investors Price Performance

NHI traded down $0.62 during trading on Wednesday, hitting $75.44. 29,436 shares of the company traded hands, compared to its average volume of 200,088. The company has a market cap of $3.45 billion, a PE ratio of 25.92, a P/E/G ratio of 4.42 and a beta of 1.08. National Health Investors has a 1 year low of $57.80 and a 1 year high of $86.13. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The stock’s 50-day simple moving average is $69.92 and its two-hundred day simple moving average is $74.67.

National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The firm had revenue of $85.75 million during the quarter, compared to the consensus estimate of $81.13 million. As a group, sell-side analysts anticipate that National Health Investors will post 4.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of National Health Investors during the 3rd quarter worth about $27,000. Point72 DIFC Ltd purchased a new position in shares of National Health Investors during the third quarter valued at approximately $35,000. Loomis Sayles & Co. L P bought a new position in shares of National Health Investors during the third quarter valued at approximately $38,000. GF Fund Management CO. LTD. bought a new position in shares of National Health Investors during the fourth quarter valued at approximately $58,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of National Health Investors by 781.2% in the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 789 shares during the period. Institutional investors own 62.51% of the company’s stock.

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.