National Health Investors, Inc. (NYSE:NHI) Receives $63.75 Consensus Price Target from Analysts

Shares of National Health Investors, Inc. (NYSE:NHIGet Rating) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $63.75.

A number of brokerages recently commented on NHI. Zacks Investment Research lowered National Health Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, April 12th. Credit Suisse Group began coverage on National Health Investors in a research note on Tuesday, February 1st. They set an “underperform” rating and a $51.00 price target for the company. BMO Capital Markets raised National Health Investors from a “market perform” rating to an “outperform” rating and set a $68.00 price target for the company in a research note on Friday, January 7th. Finally, StockNews.com began coverage on National Health Investors in a research note on Thursday, March 31st. They set a “hold” rating for the company.

Several large investors have recently bought and sold shares of the company. Diversified Trust Co bought a new stake in shares of National Health Investors in the 1st quarter valued at approximately $377,000. Norges Bank bought a new stake in shares of National Health Investors in the 4th quarter valued at approximately $25,750,000. BlackRock Inc. lifted its stake in shares of National Health Investors by 3.3% in the 4th quarter. BlackRock Inc. now owns 4,539,322 shares of the real estate investment trust’s stock valued at $260,874,000 after purchasing an additional 145,018 shares during the last quarter. Benchmark Investment Advisors LLC bought a new stake in shares of National Health Investors during the 4th quarter worth approximately $287,000. Finally, Deutsche Bank AG lifted its stake in shares of National Health Investors by 2.2% during the 4th quarter. Deutsche Bank AG now owns 38,465 shares of the real estate investment trust’s stock worth $2,211,000 after acquiring an additional 836 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

NYSE:NHI opened at $55.81 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 18.70 and a quick ratio of 18.70. National Health Investors has a 12-month low of $50.88 and a 12-month high of $75.01. The stock’s 50-day simple moving average is $56.11. The stock has a market capitalization of $2.56 billion, a PE ratio of 22.87 and a beta of 0.94.

National Health Investors (NYSE:NHIGet Rating) last announced its quarterly earnings results on Tuesday, February 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.91). National Health Investors had a net margin of 37.43% and a return on equity of 7.23%. The firm had revenue of $69.67 million for the quarter, compared to the consensus estimate of $67.14 million. During the same period in the previous year, the company posted $1.37 earnings per share. National Health Investors’s quarterly revenue was down 14.2% on a year-over-year basis. Research analysts predict that National Health Investors will post 4.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 6th. Stockholders of record on Thursday, March 31st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend is Wednesday, March 30th. National Health Investors’s payout ratio is 147.54%.

About National Health Investors (Get Rating)

Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

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