KeyCorp Reaffirms Hold Rating for National Health Investors, Inc. (NYSE:NHI)

KeyCorp reissued their hold rating on shares of National Health Investors, Inc. (NYSE:NHI) in a research report report published on Sunday, September 17th.

NHI has been the subject of several other research reports. BidaskClub cut National Health Investors from a hold rating to a sell rating in a research note on Wednesday, August 9th. Bank of America Corporation cut National Health Investors from a neutral rating to an underperform rating and set a $76.00 price target for the company. in a research note on Monday, May 22nd. ValuEngine cut National Health Investors from a buy rating to a hold rating in a research note on Tuesday, June 13th. Zacks Investment Research cut National Health Investors from a buy rating to a hold rating in a research note on Wednesday, September 6th. Finally, Stifel Nicolaus increased their price target on National Health Investors from $80.00 to $82.00 and gave the company a buy rating in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $79.75.

National Health Investors (NHI) opened at 77.24 on Friday. National Health Investors has a 12 month low of $66.31 and a 12 month high of $81.21. The company has a 50-day moving average of $78.73 and a 200-day moving average of $76.04. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 19.84 and a beta of 0.56.

National Health Investors (NYSE:NHI) last posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.93 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.36). The firm had revenue of $69.84 million during the quarter, compared to the consensus estimate of $67.68 million. National Health Investors had a net margin of 59.24% and a return on equity of 12.56%. National Health Investors’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 earnings per share. Analysts predict that National Health Investors will post $3.85 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, September 29th will be paid a $0.95 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.80 dividend on an annualized basis and a yield of 4.92%. National Health Investors’s dividend payout ratio (DPR) is presently 97.69%.

In other National Health Investors news, insider Kevin Carlton Pascoe sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $79.80, for a total value of $159,600.00. Following the completion of the sale, the insider now owns 21,228 shares of the company’s stock, valued at $1,693,994.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.19% of the company’s stock.

Several hedge funds have recently bought and sold shares of NHI. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of National Health Investors by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 39,125 shares of the real estate investment trust’s stock valued at $2,842,000 after purchasing an additional 670 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in National Health Investors by 0.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 25,268 shares of the real estate investment trust’s stock worth $1,835,000 after acquiring an additional 140 shares during the period. Daiwa Securities Group Inc. lifted its holdings in National Health Investors by 1.7% during the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 55 shares during the period. US Bancorp DE lifted its holdings in National Health Investors by 8.4% during the first quarter. US Bancorp DE now owns 8,792 shares of the real estate investment trust’s stock worth $638,000 after acquiring an additional 681 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in National Health Investors by 5.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,750 shares of the real estate investment trust’s stock worth $1,071,000 after acquiring an additional 814 shares during the period. Institutional investors own 70.67% of the company’s stock.

National Health Investors Company Profile

National Health Investors, Inc is a self-managed real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company is engaged in the business of owning and financing healthcare properties.

Analyst Recommendations for National Health Investors (NYSE:NHI)

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