National Health Investors (NYSE:NHI) Price Target Raised to $76.00 at Truist Financial

National Health Investors (NYSE:NHI) had its price target hoisted by research analysts at Truist Financial from $70.00 to $76.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential upside of 1.74% from the stock’s previous close.

Separately, Wedbush reaffirmed an “outperform” rating and set a $88.00 price target on shares of National Health Investors in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.50.

National Health Investors Price Performance

National Health Investors stock opened at $74.70 on Wednesday. National Health Investors has a 1 year low of $57.80 and a 1 year high of $86.13. The firm has a 50 day moving average price of $70.22 and a 200 day moving average price of $74.68. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 4.42 and a beta of 1.08. 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 (NYSE:NHI) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $85.75 million during the quarter, compared to the consensus estimate of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. Sell-side analysts predict that National Health Investors will post 4.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NHI. Quarry LP acquired a new position in shares of National Health Investors during the third quarter worth $27,000. Point72 DIFC Ltd acquired a new position in shares of National Health Investors during the third quarter worth $35,000. Loomis Sayles & Co. L P acquired a new position in shares of National Health Investors during the third quarter worth $38,000. GF Fund Management CO. LTD. acquired a new position in shares of National Health Investors during the fourth quarter worth $58,000. Finally, Jones Financial Companies Lllp increased its stake in shares of National Health Investors by 781.2% in the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 789 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

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.