National Health Investors (NYSE:NHI) Earns Buy Rating from Analysts at Bank of America

Bank of America assumed coverage on shares of National Health Investors (NYSE:NHI) in a research note published on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $92.00 price objective on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on NHI. Truist Financial upped their target price on National Health Investors from $65.00 to $78.00 and gave the stock a hold rating in a research note on Friday, August 30th. Wells Fargo & Company upped their target price on National Health Investors from $63.00 to $69.00 and gave the stock an overweight rating in a research note on Thursday, May 30th. Finally, StockNews.com upgraded National Health Investors from a hold rating to a buy rating in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and six 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 a consensus target price of $68.75.

National Health Investors Stock Down 0.2 %

Shares of NYSE NHI opened at $82.99 on Tuesday. National Health Investors has a one year low of $48.51 and a one year high of $86.13. 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 business’s fifty day moving average price is $78.82 and its 200-day moving average price is $69.64. The stock has a market capitalization of $3.60 billion, a PE ratio of 27.21, a P/E/G ratio of 8.86 and a beta of 1.04.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data 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 company had revenue of $84.97 million for the quarter, compared to analysts’ expectations of $64.95 million. National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company posted $1.06 EPS. On average, equities research analysts anticipate that National Health Investors will post 4.55 EPS for the current year.

National Health Investors Dividend Announcement

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

Hedge Funds Weigh In On National Health Investors

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp grew its position in National Health Investors by 4.9% during the 2nd quarter. Truist Financial Corp now owns 38,031 shares of the real estate investment trust’s stock worth $2,576,000 after acquiring an additional 1,780 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in National Health Investors in the 2nd quarter worth approximately $215,000. Algert Global LLC purchased a new stake in National Health Investors in the 2nd quarter worth approximately $628,000. The Manufacturers Life Insurance Company lifted its holdings in National Health Investors by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,051 shares of the real estate investment trust’s stock worth $1,629,000 after buying an additional 950 shares during the period. Finally, Dark Forest Capital Management LP lifted its holdings in 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 buying an additional 7,335 shares during the period. 62.51% of the stock is currently owned by institutional investors.

About National Health Investors

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.