National Health Investors (NYSE:NHI) Stock Rating Upgraded by Truist Financial

Truist Financial upgraded shares of National Health Investors (NYSE:NHI) from a hold rating to a buy rating in a research report released on Wednesday, MarketBeat.com reports. They currently have $77.00 target price on the real estate investment trust’s stock.

Separately, Wedbush reaffirmed an “outperform” rating and issued a $88.00 target price on shares of National Health Investors in a research report on Monday, March 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.75.

National Health Investors Trading Up 1.5%

NYSE NHI opened at $70.53 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 16.55 and a current ratio of 16.55. National Health Investors has a one year low of $65.13 and a one year high of $86.13. The company has a 50-day simple moving average of $73.02 and a 200-day simple moving average of $71.59. The firm has a market capitalization of $3.29 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 4.18 and a beta of 0.73.

National Health Investors (NYSE:NHI) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $68.87 million during the quarter, compared to the consensus estimate of $85.13 million. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. National Health Investors’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. On average, equities analysts forecast that National Health Investors will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be paid a $0.90 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.10%. National Health Investors’s payout ratio is 114.29%.

Institutional Investors Weigh In On National Health Investors

A number of hedge funds and other institutional investors have recently modified their holdings of NHI. SG Americas Securities LLC acquired a new position in shares of National Health Investors during the first quarter valued at approximately $808,000. Farther Finance Advisors LLC grew its stake in shares of National Health Investors by 5,000.0% in the 1st quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 900 shares during the last quarter. Victory Capital Management Inc. lifted its stake in National Health Investors by 21.8% during the fourth quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust’s stock valued at $2,060,000 after purchasing an additional 5,318 shares during the last quarter. Millennium Management LLC increased its stake in National Health Investors by 1,967.0% in the 4th quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust’s stock worth $33,843,000 after purchasing an additional 464,727 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in National Health Investors by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock valued at $60,765,000 after purchasing an additional 24,462 shares during the period. 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.