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

National Health Investors, Inc. (NYSE:NHI) has been given an average rating of “Moderate Buy” by the five analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $76.60.

A number of analysts have recently commented on NHI shares. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Truist Financial cut their target price on National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a research note on Monday, December 23rd.

National Health Investors Stock Performance

Shares of NYSE:NHI opened at $68.06 on Friday. The firm’s 50 day simple moving average is $70.81 and its 200 day simple moving average is $75.73. National Health Investors has a fifty-two week low of $51.59 and a fifty-two week high of $86.13. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 4.27 and a beta of 1.06. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29.

National Health Investors (NYSE:NHI) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). The firm had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. National Health Investors’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. As a group, sell-side analysts forecast that National Health Investors will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.90 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.60 annualized dividend and a yield of 5.29%. National Health Investors’s dividend payout ratio (DPR) is presently 123.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in National Health Investors during the third quarter worth approximately $27,000. Covestor Ltd lifted its position in shares of National Health Investors by 2,700.0% during the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 405 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of National Health Investors during the 3rd quarter worth $35,000. Loomis Sayles & Co. L P bought a new position in shares of National Health Investors in the third quarter worth $38,000. Finally, Assetmark Inc. raised its stake in National Health Investors by 27.8% in the third quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 141 shares in the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

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.