National Health Investors (NYSE:NHI) Downgraded by BMO Capital Markets

BMO Capital Markets lowered shares of National Health Investors (NYSE:NHIGet Rating) from an outperform rating to a market perform rating in a research note published on Tuesday morning, Marketbeat reports. They currently have $62.00 target price on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the stock. StockNews.com initiated coverage on shares of National Health Investors in a report on Thursday, March 31st. They set a hold rating for the company. Capital One Financial began coverage on shares of National Health Investors in a report on Friday, June 3rd. They set an overweight rating and a $64.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, National Health Investors currently has a consensus rating of Hold and a consensus target price of $62.60.

NYSE NHI opened at $60.95 on Tuesday. The company has a quick ratio of 23.40, a current ratio of 23.40 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.79 billion, a P/E ratio of 33.13 and a beta of 0.96. National Health Investors has a 12-month low of $50.22 and a 12-month high of $69.23. The firm has a 50-day moving average price of $56.65 and a two-hundred day moving average price of $56.71.

National Health Investors (NYSE:NHIGet Rating) last issued its quarterly earnings results on Monday, May 9th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.45). National Health Investors had a return on equity of 5.55% and a net margin of 29.35%. The firm had revenue of $71.33 million for the quarter, compared to the consensus estimate of $73.06 million. During the same period last year, the company posted $1.24 EPS. The business’s revenue was down 11.8% on a year-over-year basis. Equities analysts expect that National Health Investors will post 4.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Thursday, June 30th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Wednesday, June 29th. National Health Investors’s dividend payout ratio (DPR) is currently 195.65%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd acquired a new position in National Health Investors in the 4th quarter valued at approximately $33,000. TCI Wealth Advisors Inc. increased its position in National Health Investors by 566.0% in the 1st quarter. TCI Wealth Advisors Inc. now owns 706 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 600 shares during the period. Wealth Quarterback LLC increased its position in National Health Investors by 427.1% in the 3rd quarter. Wealth Quarterback LLC now owns 4,544 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 3,682 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in National Health Investors by 232.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,003 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 701 shares during the period. Finally, Financial Advantage Inc. acquired a new position in National Health Investors in the 1st quarter valued at approximately $59,000. Hedge funds and other institutional investors own 63.53% of the company’s stock.

National Health Investors Company Profile (Get Rating)

Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

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