National Health Investors (NYSE:NHI) Earns Buy Rating from Analysts at Bank of America

Bank of America assumed coverage on shares of National Health Investors (NYSE:NHI) in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $92.00 price target on the real estate investment trust’s stock.

Several other equities research analysts have also recently weighed in on the company. Truist Financial increased 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. Wells Fargo & Company raised their target price on National Health Investors from $63.00 to $69.00 and gave the stock an overweight rating in a research note on Thursday, May 30th. Finally, StockNews.com raised National Health Investors from a hold rating to a buy rating in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $68.75.

National Health Investors Trading Down 0.7 %

Shares of NHI stock opened at $84.04 on Tuesday. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 8.86 and a beta of 1.04. The stock has a 50-day moving average of $78.60 and a 200-day moving average of $69.47. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.91. National Health Investors has a 1-year low of $48.51 and a 1-year high of $86.13.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). The company had revenue of $84.97 million during the quarter, compared to analyst estimates of $64.95 million. National Health Investors had a net margin of 39.11% and a return on equity of 10.11%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. On average, equities research analysts forecast that National Health Investors will post 4.55 earnings per share for the current year.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.60 annualized dividend and a yield of 4.28%. National Health Investors’s payout ratio is currently 118.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NHI. Norges Bank bought a new position in National Health Investors in the fourth quarter worth approximately $25,448,000. Land & Buildings Investment Management LLC boosted its holdings in National Health Investors by 81.8% in the fourth quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock worth $23,013,000 after acquiring an additional 185,377 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in National Health Investors by 21,963.3% in the second quarter. Sound Income Strategies LLC now owns 153,119 shares of the real estate investment trust’s stock worth $10,371,000 after acquiring an additional 152,425 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in National Health Investors in the second quarter worth approximately $5,089,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in National Health Investors by 16.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 472,959 shares of the real estate investment trust’s stock worth $32,034,000 after acquiring an additional 65,104 shares in the last quarter. Institutional investors own 62.51% of the company’s stock.

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.