Brokerages Set National Health Investors, Inc. (NYSE:NHI) Target Price at $70.86

National Health Investors, Inc. (NYSE:NHI) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $73.29.

Several research firms have recently weighed in on NHI. Wells Fargo & Company lowered National Health Investors from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $81.00 to $86.00 in a research report on Tuesday. StockNews.com upgraded National Health Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Bank of America assumed coverage on National Health Investors in a report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price target on the stock. Finally, Truist Financial lifted their price objective on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 30th.

Institutional Trading of National Health Investors

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Financial Concepts LLC bought a new position in shares of National Health Investors in the second quarter valued at $28,000. Compass Wealth Management LLC bought a new position in National Health Investors in the 1st quarter valued at about $30,000. International Assets Investment Management LLC acquired a new position in National Health Investors during the 2nd quarter valued at about $36,000. Blue Trust Inc. increased its holdings in National Health Investors by 2,651.9% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 716 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of National Health Investors by 66.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 1,033 shares during the last quarter. Institutional investors own 62.51% of the company’s stock.

National Health Investors Stock Performance

NYSE:NHI opened at $81.63 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 10.27 and a current ratio of 10.27. National Health Investors has a fifty-two week low of $48.51 and a fifty-two week high of $86.13. The company has a 50 day simple moving average of $79.37 and a two-hundred day simple moving average of $70.20. The company has a market capitalization of $3.54 billion, a PE ratio of 26.70, a P/E/G ratio of 8.86 and a beta of 1.04.

National Health Investors (NYSE:NHI) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The firm had revenue of $84.97 million for the quarter, compared to analyst estimates of $64.95 million. During the same quarter last year, the company earned $1.06 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that National Health Investors will post 4.55 earnings per share for the current year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Friday, September 27th. National Health Investors’s dividend payout ratio is currently 118.03%.

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.