National Health Investors’ (NHI) Outperform Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of National Health Investors (NYSE:NHI) in a report published on Monday morning, MarketBeat.com reports. Wedbush currently has a $88.00 target price on the real estate investment trust’s stock.

Separately, Truist Financial lowered their price target on National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.50.

National Health Investors Price Performance

NYSE NHI opened at $75.41 on Monday. National Health Investors has a one year low of $57.80 and a one year high of $86.13. The stock has a 50-day moving average of $69.74 and a 200 day moving average of $74.71. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 4.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29.

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

National Health Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors’s dividend payout ratio is presently 115.38%.

Institutional Trading of National Health Investors

Several hedge funds and other institutional investors have recently bought and sold shares of NHI. Vanguard Group Inc. increased its holdings in shares of National Health Investors by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust’s stock valued at $445,128,000 after purchasing an additional 102,012 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of National Health Investors by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock valued at $114,242,000 after purchasing an additional 82,825 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of National Health Investors by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,113,771 shares of the real estate investment trust’s stock valued at $77,201,000 after purchasing an additional 19,201 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of National Health Investors by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock valued at $60,765,000 after purchasing an additional 24,462 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of National Health Investors by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 634,430 shares of the real estate investment trust’s stock valued at $43,966,000 after purchasing an additional 20,631 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

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.