National Health Investors, Inc. (NYSE:NHI) Receives $76.60 Average PT from Analysts

National Health Investors, Inc. (NYSE:NHI) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $76.60.

NHI has been the subject of a number of recent analyst reports. Truist Financial reduced their price objective on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, December 23rd. StockNews.com downgraded National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

National Health Investors Price Performance

National Health Investors stock opened at $67.57 on Friday. The business has a 50 day simple moving average of $69.95 and a 200-day simple moving average of $75.57. National Health Investors has a 12 month low of $51.70 and a 12 month high of $86.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. The stock has a market capitalization of $3.07 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 4.32 and a beta of 1.06.

National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $63.32 million during the quarter, compared to analyst estimates of $67.93 million. During the same quarter last year, the business posted $1.08 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. Equities analysts predict that National Health Investors will post 4.41 earnings per share for the current year.

Institutional Inflows and Outflows

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