National Health Investors, Inc. (NYSE:NHI) Receives Average Rating of “Moderate Buy” from Analysts

National Health Investors, Inc. (NYSE:NHI) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $75.33.

Several research analysts have weighed in on the company. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Wells Fargo & Company downgraded National Health Investors from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $81.00 to $86.00 in a report on Tuesday, October 1st. Bank of America began coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price objective on the stock. Finally, Truist Financial decreased their target price on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, December 23rd.

Institutional Trading of National Health Investors

Large investors have recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in National Health Investors by 6.9% in the 2nd quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust’s stock worth $434,000 after acquiring an additional 416 shares during the period. Rhumbline Advisers lifted its position in shares of National Health Investors by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 81,910 shares of the real estate investment trust’s stock worth $5,548,000 after purchasing an additional 1,727 shares during the last quarter. Victory Capital Management Inc. grew its holdings in National Health Investors by 334.1% in the 2nd quarter. Victory Capital Management Inc. now owns 23,666 shares of the real estate investment trust’s stock valued at $1,603,000 after buying an additional 18,214 shares during the last quarter. Arizona State Retirement System increased its position in National Health Investors by 1.9% during the second quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust’s stock worth $823,000 after acquiring an additional 222 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of National Health Investors by 22.5% during the second quarter. Private Advisor Group LLC now owns 7,550 shares of the real estate investment trust’s stock valued at $511,000 after buying an additional 1,389 shares during the last quarter. 62.51% of the stock is owned by institutional investors.

National Health Investors Price Performance

NYSE NHI opened at $67.24 on Tuesday. 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 firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 4.86 and a beta of 1.06. The company has a 50 day simple moving average of $73.44 and a 200-day simple moving average of $75.87. National Health Investors has a 52-week low of $51.59 and a 52-week high of $86.13.

National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The company had revenue of $63.32 million for the quarter, compared to analyst estimates of $67.93 million. During the same period last year, the business earned $1.08 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that National Health Investors will post 4.42 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s dividend payout ratio is 123.71%.

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.