National Health Investors (NYSE:NHI) Price Target Raised to $76.00 at Truist Financial

National Health Investors (NYSE:NHI) had its target price boosted by analysts at Truist Financial from $70.00 to $76.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target suggests a potential upside of 0.74% from the company’s current price.

Separately, Wedbush reiterated an “outperform” rating and set a $88.00 price target on shares of National Health Investors in a research note on Monday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $85.50.

National Health Investors Stock Performance

Shares of NHI stock traded down $0.62 on Wednesday, reaching $75.44. The stock had a trading volume of 29,436 shares, compared to its average volume of 200,088. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors has a 1 year low of $57.80 and a 1 year high of $86.13. The stock has a market cap of $3.45 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08. The company has a 50 day simple moving average of $69.92 and a 200 day simple moving average of $74.67.

National Health Investors (NYSE:NHI) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $85.75 million for the quarter, compared to analysts’ expectations of $81.13 million. Equities research analysts expect that National Health Investors will post 4.41 EPS for the current year.

Hedge Funds Weigh In On National Health Investors

Several large investors have recently added to or reduced their stakes in the company. Focus Partners Wealth raised its position in shares of National Health Investors by 4.0% during the 4th quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 188 shares during the period. Loomis Sayles & Co. L P increased its stake in National Health Investors by 42.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 189 shares in the last quarter. State of Alaska Department of Revenue increased its stake in National Health Investors by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust’s stock worth $1,388,000 after buying an additional 196 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in National Health Investors by 6.2% during the third quarter. Aviance Capital Partners LLC now owns 3,788 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 221 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in shares of National Health Investors by 1.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 13,197 shares of the real estate investment trust’s stock valued at $915,000 after acquiring an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

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.