StockNews.com Lowers National Health Investors (NYSE:NHI) to Hold

StockNews.com downgraded shares of National Health Investors (NYSE:NHI) from a buy rating to a hold rating in a research report report published on Thursday.

A number of other research firms have also weighed in on NHI. Truist Financial boosted their target price on National Health Investors from $55.00 to $58.00 and gave the stock a hold rating in a report on Thursday, April 4th. Wedbush upped their target price on National Health Investors from $64.00 to $66.00 and gave the company an outperform rating in a research report on Monday, March 18th. Wells Fargo & Company upgraded National Health Investors from an equal weight rating to an overweight rating and upped their target price for the company from $55.00 to $63.00 in a research report on Monday, February 26th. BMO Capital Markets upgraded National Health Investors from a market perform rating to an outperform rating and set a $67.00 target price for the company in a research report on Tuesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft began coverage on National Health Investors in a research report on Tuesday, January 30th. They set a buy rating and a $69.00 target price for the company. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $60.50.

National Health Investors Stock Up 1.4 %

NHI stock opened at $60.41 on Thursday. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $2.62 billion, a PE ratio of 19.30 and a beta of 0.95. National Health Investors has a 1-year low of $47.54 and a 1-year high of $62.93. The business’s 50 day simple moving average is $58.64 and its 200 day simple moving average is $55.23.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 28th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.60 annualized dividend and a dividend yield of 5.96%. National Health Investors’s dividend payout ratio is currently 115.02%.

Insider Buying and Selling

In other National Health Investors news, Director Charlotte A. Swafford acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $58.69 per share, for a total transaction of $586,900.00. Following the transaction, the director now directly owns 110,185 shares in the company, valued at $6,466,757.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National Health Investors

Large investors have recently bought and sold shares of the company. Compass Wealth Management LLC bought a new position in National Health Investors in the first quarter valued at about $30,000. Lazard Asset Management LLC bought a new position in National Health Investors in the second quarter valued at about $32,000. International Assets Investment Management LLC bought a new position in National Health Investors in the third quarter valued at about $38,000. Advisory Services Network LLC raised its position in National Health Investors by 71.8% in the first quarter. Advisory Services Network LLC now owns 737 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 308 shares during the last quarter. Finally, Baystate Wealth Management LLC bought a new position in National Health Investors in the fourth quarter valued at about $39,000. 62.51% of the stock is currently owned by institutional investors.

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.