National Health Investors (NYSE:NHI) Rating Lowered to Hold at StockNews.com

National Health Investors (NYSE:NHI) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other analysts have also recently issued reports on the company. Truist Financial increased their target price on National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Bank of America began coverage on National Health Investors in a research report on Tuesday, September 24th. They set a “buy” rating and a $92.00 target price for the company. Finally, Wells Fargo & Company cut National Health Investors from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $81.00 to $86.00 in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, National Health Investors has an average rating of “Moderate Buy” and an average target price of $73.29.

National Health Investors Trading Up 1.4 %

NYSE NHI opened at $78.11 on Tuesday. 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 $3.39 billion, a P/E ratio of 25.61, a P/E/G ratio of 4.78 and a beta of 1.04. The stock’s fifty day moving average price is $80.37 and its 200-day moving average price is $71.44. 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 (NYSE:NHI) last announced 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). The business had revenue of $84.97 million for the quarter, compared to the consensus estimate of $64.95 million. National Health Investors had a net margin of 39.11% and a return on equity of 10.11%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. As a group, equities analysts forecast that National Health Investors will post 4.55 EPS for the current fiscal year.

Hedge Funds Weigh In On National Health Investors

A number of large investors have recently bought and sold shares of NHI. Arizona State Retirement System lifted its holdings in shares of National Health Investors by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust’s stock worth $823,000 after buying an additional 222 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of National Health Investors by 6.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 238 shares during the period. Van ECK Associates Corp lifted its stake in shares of National Health Investors by 6.9% during the 2nd quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 416 shares during the last quarter. Compass Wealth Management LLC purchased a new stake in shares of National Health Investors during the 1st quarter worth $30,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of National Health Investors during the 2nd quarter worth $36,000. 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.