Analysts Set National Health Investors, Inc. (NYSE:NHI) PT at $75.33

Shares of National Health Investors, Inc. (NYSE:NHI) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $75.33.

A number of equities research analysts have issued reports on NHI shares. StockNews.com downgraded National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Bank of America initiated coverage on National Health Investors in a research report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price target for the company. Truist Financial reduced their target price on shares of 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. Finally, Wells Fargo & Company cut shares of National Health Investors from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $81.00 to $86.00 in a research note on Tuesday, October 1st.

Institutional Investors Weigh In On National Health Investors

Several large investors have recently added to or reduced their stakes in NHI. Geode Capital Management LLC boosted its holdings in shares of National Health Investors by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,094,570 shares of the real estate investment trust’s stock valued at $92,026,000 after purchasing an additional 8,540 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of National Health Investors by 17.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust’s stock worth $71,651,000 after buying an additional 123,596 shares during the period. Land & Buildings Investment Management LLC grew its position in shares of National Health Investors by 4.6% during the 2nd quarter. Land & Buildings Investment Management LLC now owns 417,834 shares of the real estate investment trust’s stock worth $28,300,000 after buying an additional 18,232 shares in the last quarter. Zimmer Partners LP purchased a new position in shares of National Health Investors during the third quarter valued at $25,218,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of National Health Investors by 332.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 242,326 shares of the real estate investment trust’s stock valued at $20,370,000 after acquiring an additional 186,238 shares in the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

National Health Investors Trading Down 2.2 %

NHI stock opened at $66.22 on Tuesday. The firm has a market cap of $3.01 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 4.86 and a beta of 1.06. The firm has a fifty day moving average price of $73.62 and a 200 day moving average price of $75.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors has a fifty-two week low of $51.59 and a fifty-two week high of $86.13.

National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. During the same quarter last year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Sell-side analysts anticipate that National Health Investors will post 4.42 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, December 31st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.44%. The ex-dividend date is Tuesday, December 31st. National Health Investors’s dividend payout ratio is presently 123.71%.

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.