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

National Health Investors, Inc. (NYSE:NHI) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $73.29.

A number of research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. StockNews.com raised National Health Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Bank of America began coverage on National Health Investors in a report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price target on the stock. Finally, Wells Fargo & Company lowered National Health Investors from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $81.00 to $86.00 in a research report on Tuesday, October 1st.

National Health Investors Price Performance

NHI opened at $81.34 on Friday. The company has a market capitalization of $3.53 billion, a P/E ratio of 26.67, a PEG ratio of 8.86 and a beta of 1.04. The company has a 50-day moving average of $79.64 and a 200-day moving average of $70.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 10.27 and a current ratio of 10.27. 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 announced its quarterly earnings data 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 firm 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 firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. Equities analysts expect that National Health Investors will post 4.55 EPS for the current fiscal year.

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be paid a $0.90 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.60 annualized dividend and a dividend yield of 4.43%. National Health Investors’s payout ratio is 118.03%.

Institutional Investors Weigh In On National Health Investors

Several institutional investors have recently bought and sold shares of NHI. Strategic Financial Concepts LLC bought a new stake in shares of National Health Investors during the 2nd quarter worth about $28,000. Compass Wealth Management LLC acquired a new position in shares of National Health Investors during the 1st quarter valued at $30,000. International Assets Investment Management LLC bought a new stake in shares of National Health Investors in the 2nd quarter worth $36,000. Blue Trust Inc. lifted its holdings in shares of National Health Investors by 2,651.9% in the second quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 716 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in National Health Investors by 66.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 1,033 shares in the last quarter. Institutional investors and hedge funds 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.