National Health Investors (NYSE:NHI) Reaches New 52-Week High at $83.53

Shares of National Health Investors, Inc. (NYSE:NHI) reached a new 52-week high during trading on Tuesday . The company traded as high as $83.53 and last traded at $83.39, with a volume of 6153 shares trading hands. The stock had previously closed at $82.56.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of National Health Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Wells Fargo & Company upped their price target on shares of National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Finally, Truist Financial raised their price objective on National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.75.

National Health Investors Price Performance

The firm’s 50 day moving average price is $75.08 and its two-hundred day moving average price is $67.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 10.27 and a quick ratio of 10.27. The stock has a market cap of $3.62 billion, a PE ratio of 27.06, a P/E/G ratio of 8.61 and a beta of 1.03.

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

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Friday, September 27th. National Health Investors’s dividend payout ratio is presently 118.03%.

Institutional Investors Weigh In On National Health Investors

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Truist Financial Corp increased its holdings in shares of National Health Investors by 4.9% in the 2nd quarter. Truist Financial Corp now owns 38,031 shares of the real estate investment trust’s stock worth $2,576,000 after buying an additional 1,780 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in National Health Investors in the second quarter valued at $215,000. Algert Global LLC purchased a new stake in National Health Investors during the second quarter valued at about $628,000. The Manufacturers Life Insurance Company raised its position in National Health Investors by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 24,051 shares of the real estate investment trust’s stock valued at $1,629,000 after purchasing an additional 950 shares in the last quarter. Finally, Dark Forest Capital Management LP boosted its holdings in shares of National Health Investors by 92.3% in the 2nd quarter. Dark Forest Capital Management LP now owns 15,285 shares of the real estate investment trust’s stock worth $1,035,000 after purchasing an additional 7,335 shares in the last quarter. Hedge funds and other institutional investors 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.