National Health Investors, Inc. (NYSE:NHI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of National Health Investors, Inc. (NYSE:NHI) have received a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $62.13.

A number of brokerages have recently issued reports on NHI. BMO Capital Markets raised National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 target price for the company in a report on Tuesday, March 12th. StockNews.com cut National Health Investors from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Wedbush raised their price target on National Health Investors from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Wells Fargo & Company raised their price target on National Health Investors from $63.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Finally, Truist Financial raised their price target on National Health Investors from $58.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday.

Insider Activity

In other news, Director Robert A. Mccabe, Jr. bought 437 shares of the stock in a transaction dated Friday, May 31st. The stock was bought at an average cost of $65.83 per share, with a total value of $28,767.71. Following the purchase, the director now owns 21,585 shares of the company’s stock, valued at $1,420,940.55. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.26% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its position in shares of National Health Investors by 3,690.7% in the 4th quarter. International Assets Investment Management LLC now owns 28,430 shares of the real estate investment trust’s stock worth $1,588,000 after purchasing an additional 27,680 shares during the last quarter. Land & Buildings Investment Management LLC boosted its position in shares of National Health Investors by 81.8% in the 4th quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock worth $23,013,000 after purchasing an additional 185,377 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of National Health Investors by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,870,632 shares of the real estate investment trust’s stock worth $104,475,000 after purchasing an additional 146,735 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of National Health Investors by 4.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 189,221 shares of the real estate investment trust’s stock worth $10,568,000 after purchasing an additional 8,316 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of National Health Investors by 14.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,971 shares of the real estate investment trust’s stock worth $1,730,000 after purchasing an additional 3,907 shares during the last quarter. 62.51% of the stock is currently owned by institutional investors.

National Health Investors Trading Up 1.1 %

Shares of NHI opened at $67.60 on Friday. National Health Investors has a 1 year low of $48.51 and a 1 year high of $68.14. The company has a current ratio of 13.24, a quick ratio of 13.24 and a debt-to-equity ratio of 0.91. The stock has a 50 day simple moving average of $65.37 and a 200-day simple moving average of $59.89. The stock has a market cap of $2.94 billion, a PE ratio of 22.16 and a beta of 1.00.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, June 28th will be paid a $0.90 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.60 annualized dividend and a dividend yield of 5.33%. National Health Investors’s dividend payout ratio (DPR) is currently 118.03%.

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.