National Health Investors (NYSE:NHI) Lowered to “Sell” at Zacks Investment Research

National Health Investors (NYSE:NHIGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “National Health Investors, Inc. is a real estate investment trust which invests in income producing health care properties primarily in the long-term care industry. The company provides current income for distribution to stockholders through investments in health care related facilities, including long-term care facilities, acute care hospitals, medical office buildings, retirement centers and assisted living facilities. “

A number of other equities research analysts have also recently issued reports on NHI. BMO Capital Markets upgraded National Health Investors from a “market perform” rating to an “outperform” rating and set a $68.00 price objective on the stock in a research note on Friday, January 7th. Credit Suisse Group assumed coverage on National Health Investors in a research note on Tuesday, February 1st. They issued an “underperform” rating and a $51.00 price target on the stock. Finally, StockNews.com started coverage on National Health Investors in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $63.75.

Shares of NHI opened at $54.59 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 18.70 and a quick ratio of 18.70. The company has a 50 day simple moving average of $56.13. National Health Investors has a 52-week low of $50.88 and a 52-week high of $74.94. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 22.37 and a beta of 0.94.

National Health Investors (NYSE:NHIGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $69.67 million during the quarter, compared to analyst estimates of $67.14 million. During the same quarter in the prior year, the firm posted $1.37 earnings per share. National Health Investors’s revenue for the quarter was down 14.2% compared to the same quarter last year. As a group, research analysts anticipate that National Health Investors will post 4.67 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teamwork Financial Advisors LLC acquired a new stake in National Health Investors in the first quarter valued at about $225,000. AE Wealth Management LLC bought a new position in National Health Investors in the first quarter valued at about $352,000. Diversified Trust Co bought a new position in shares of National Health Investors during the first quarter worth about $377,000. Norges Bank bought a new position in shares of National Health Investors during the fourth quarter worth about $25,750,000. Finally, BlackRock Inc. increased its holdings in National Health Investors by 3.3% in the fourth quarter. BlackRock Inc. now owns 4,539,322 shares of the real estate investment trust’s stock worth $260,874,000 after purchasing an additional 145,018 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

National Health Investors Company Profile (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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