National Health Investors, Inc. (NYSE:NHI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of National Health Investors, Inc. (NYSE:NHI) have earned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $70.86.

Several research analysts have commented on NHI shares. Bank of America initiated coverage on National Health Investors in a report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price objective on the stock. StockNews.com raised shares of National Health Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Truist Financial boosted their price target on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 30th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of National Health Investors by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,189,864 shares of the real estate investment trust’s stock worth $388,909,000 after purchasing an additional 43,520 shares during the last quarter. Lasalle Investment Management Securities LLC raised its stake in shares of National Health Investors by 8.4% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 508,035 shares of the real estate investment trust’s stock valued at $31,920,000 after buying an additional 39,554 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of National Health Investors by 16.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 472,959 shares of the real estate investment trust’s stock valued at $32,034,000 after buying an additional 65,104 shares during the period. Norges Bank purchased a new stake in shares of National Health Investors in the fourth quarter worth about $25,448,000. Finally, Land & Buildings Investment Management LLC grew its holdings in National Health Investors by 4.6% during the second quarter. Land & Buildings Investment Management LLC now owns 417,834 shares of the real estate investment trust’s stock worth $28,300,000 after acquiring an additional 18,232 shares during the period. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

National Health Investors Price Performance

NHI stock opened at $82.99 on Friday. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.91. National Health Investors has a 12 month low of $48.51 and a 12 month high of $86.13. The stock has a market cap of $3.60 billion, a PE ratio of 27.21, a P/E/G ratio of 8.86 and a beta of 1.04. The company has a 50-day moving average price of $78.82 and a 200 day moving average price of $69.71.

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

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Friday, September 27th. National Health Investors’s dividend payout ratio (DPR) is presently 118.03%.

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.