Truist Financial Boosts National Health Investors (NYSE:NHI) Price Target to $78.00

National Health Investors (NYSE:NHI) had its price objective increased by Truist Financial from $65.00 to $78.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

NHI has been the subject of several other research reports. Wells Fargo & Company lifted their price objective on National Health Investors from $63.00 to $69.00 and gave the stock an overweight rating in a report on Thursday, May 30th. StockNews.com raised shares of National Health Investors from a hold rating to a buy rating in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, National Health Investors currently has a consensus rating of Moderate Buy and an average target price of $63.75.

National Health Investors Price Performance

Shares of NHI opened at $81.43 on Friday. National Health Investors has a 12-month low of $48.51 and a 12-month high of $81.43. The stock has a market cap of $3.54 billion, a P/E ratio of 26.70, a P/E/G ratio of 8.51 and a beta of 1.02. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91. The business’s fifty day moving average is $73.33 and its 200 day moving average is $66.10.

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

National Health Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, September 27th. National Health Investors’s dividend payout ratio (DPR) is 118.03%.

Hedge Funds Weigh In On National Health Investors

Hedge funds have recently made changes to their positions in the business. Compass Wealth Management LLC purchased a new stake in National Health Investors in the first quarter worth about $30,000. International Assets Investment Management LLC purchased a new position in National Health Investors during the second quarter valued at $36,000. Blue Trust Inc. raised its stake in National Health Investors by 2,651.9% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 716 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of National Health Investors by 66.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Shayne & Jacobs LLC purchased a new stake in shares of National Health Investors during the second quarter worth about $210,000. 62.51% of the stock is owned by hedge funds and other institutional investors.

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.