National Health Investors, Inc. (NYSE:NHI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of National Health Investors, Inc. (NYSE:NHI) have earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $73.29.

NHI has been the subject of several analyst reports. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Wells Fargo & Company downgraded 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 lifted their price target on National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Finally, Bank of America assumed coverage on National Health Investors in a research note on Tuesday, September 24th. They set a “buy” rating and a $92.00 price target for the company.

Institutional Investors Weigh In On National Health Investors

A number of hedge funds have recently modified their holdings of NHI. Allspring Global Investments Holdings LLC raised its holdings in shares of National Health Investors by 66.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 1,033 shares during the period. Russell Investments Group Ltd. raised its holdings in National Health Investors by 733.8% during the 1st quarter. Russell Investments Group Ltd. now owns 53,783 shares of the real estate investment trust’s stock valued at $3,379,000 after acquiring an additional 47,333 shares during the period. ProShare Advisors LLC raised its holdings in National Health Investors by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 7,506 shares of the real estate investment trust’s stock valued at $472,000 after acquiring an additional 591 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in National Health Investors by 11.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,558 shares of the real estate investment trust’s stock valued at $852,000 after acquiring an additional 1,417 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in National Health Investors by 3.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,331 shares of the real estate investment trust’s stock valued at $1,654,000 after acquiring an additional 808 shares during the period. Institutional investors own 62.51% of the company’s stock.

National Health Investors Stock Down 0.2 %

Shares of NYSE NHI opened at $77.71 on Monday. National Health Investors has a 1 year low of $51.59 and a 1 year high of $86.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. The firm has a market cap of $3.53 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 5.20 and a beta of 1.05. The company has a 50 day simple moving average of $79.48 and a 200 day simple moving average of $74.37.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). The business had revenue of $63.32 million for the quarter, compared to analyst estimates 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 firm posted $1.08 EPS. On average, research analysts forecast that National Health Investors will post 4.42 EPS for the current year.

National Health Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors 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 4.63%. National Health Investors’s dividend payout ratio (DPR) is presently 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.