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

National Health Investors, Inc. (NYSE:NHI) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com 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 12 month price target among analysts that have updated their coverage on the stock in the last year is $76.33.

Several research analysts have commented on NHI shares. Bank of America initiated coverage on shares of National Health Investors in a report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price objective for the company. Wells Fargo & Company lowered shares of National Health Investors from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $81.00 to $86.00 in a report on Tuesday, October 1st. Truist Financial upped their target price on National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, StockNews.com cut National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

Institutional Investors Weigh In On National Health Investors

Several hedge funds have recently added to or reduced their stakes in NHI. Quarry LP purchased a new position in shares of National Health Investors in the 3rd quarter worth about $27,000. Strategic Financial Concepts LLC bought a new stake in National Health Investors during the 2nd quarter valued at about $28,000. Covestor Ltd increased its stake in National Health Investors by 2,700.0% during the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 405 shares in the last quarter. Point72 DIFC Ltd purchased a new position in National Health Investors in the third quarter worth about $35,000. Finally, International Assets Investment Management LLC bought a new position in shares of National Health Investors in the second quarter worth approximately $36,000. 62.51% of the stock is owned by institutional investors.

National Health Investors Stock Performance

National Health Investors stock opened at $68.84 on Friday. National Health Investors has a 1-year low of $51.59 and a 1-year high of $86.13. The firm has a market cap of $3.13 billion, a P/E ratio of 23.66, a P/E/G ratio of 4.86 and a beta of 1.04. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average of $76.18 and a 200-day moving average of $75.52.

National Health Investors (NYSE:NHI) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.42). The business had revenue of $63.32 million during the quarter, compared to analysts’ expectations of $67.93 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. Sell-side analysts expect that National Health Investors will post 4.42 EPS for the current year.

National Health Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, December 31st will be paid a $0.90 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.60 annualized dividend and a dividend yield of 5.23%. National Health Investors’s payout ratio is currently 123.71%.

About National Health Investors

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.