National Health Investors (NYSE:NHI) Price Target Cut to $72.00 by Analysts at Truist Financial

National Health Investors (NYSE:NHI) had its price target dropped by equities research analysts at Truist Financial from $78.00 to $72.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective would indicate a potential upside of 3.78% from the stock’s current price.

Several other research firms also recently commented on NHI. Bank of America assumed coverage on National Health Investors in a report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price objective on the stock. Wells Fargo & Company cut National Health Investors from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $81.00 to $86.00 in a research note on Tuesday, October 1st. Finally, StockNews.com downgraded National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.33.

National Health Investors Stock Performance

NYSE:NHI opened at $69.38 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 business has a 50 day moving average of $75.72 and a 200 day moving average of $75.70. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 4.86 and a beta of 1.04.

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 for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts predict that National Health Investors will post 4.42 earnings per share for the current fiscal year.

Institutional Trading of National Health Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. raised its holdings in National Health Investors by 27.8% in 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 in the last quarter. Aviance Capital Partners LLC increased its position 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 valued at $318,000 after buying an additional 221 shares during the period. Arizona State Retirement System raised its stake 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 worth $823,000 after buying an additional 222 shares in the last quarter. Tidal Investments LLC lifted its holdings 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 worth $568,000 after buying an additional 254 shares during the period. Finally, Quarry LP bought a new stake in National Health Investors during the 3rd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 62.51% of the company’s stock.

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.