National Health Investors, Inc. (NYSE:NHI) Receives $63.33 Average Price Target from Analysts

National Health Investors, Inc. (NYSE:NHIGet Rating) has been given an average rating of “Hold” by the six ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $63.33.

NHI has been the topic of a number of recent research reports. Credit Suisse Group initiated coverage on shares of National Health Investors in a research report on Wednesday, June 22nd. They set an “underperform” rating on the stock. BMO Capital Markets cut National Health Investors from an “outperform” rating to a “market perform” rating and set a $62.00 price target for the company. in a research note on Tuesday, June 21st. Finally, Capital One Financial assumed coverage on National Health Investors in a research report on Friday, June 3rd. They set an “overweight” rating and a $64.00 price objective on the stock.

National Health Investors Trading Down 1.4 %

Shares of NYSE NHI opened at $64.89 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 23.40 and a quick ratio of 23.40. National Health Investors has a 1-year low of $50.22 and a 1-year high of $69.20. The business has a fifty day moving average price of $60.79 and a 200 day moving average price of $57.56. The stock has a market capitalization of $2.98 billion, a P/E ratio of 35.27 and a beta of 0.88.

National Health Investors (NYSE:NHIGet Rating) last released its quarterly earnings data on Monday, May 9th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.45). The company had revenue of $71.33 million during the quarter, compared to analysts’ expectations of $73.06 million. National Health Investors had a net margin of 29.35% and a return on equity of 5.55%. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the business earned $1.24 earnings per share. Equities research analysts expect that National Health Investors will post 4.5 EPS for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 5th. Stockholders of record on Thursday, June 30th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Wednesday, June 29th. National Health Investors’s dividend payout ratio (DPR) is presently 195.65%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in National Health Investors by 1,177.1% in the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 412 shares during the last quarter. Covestor Ltd acquired a new position in shares of National Health Investors in the fourth quarter worth about $33,000. TCI Wealth Advisors Inc. increased its holdings in National Health Investors by 566.0% in the first quarter. TCI Wealth Advisors Inc. now owns 706 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 600 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in National Health Investors by 232.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,003 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 701 shares during the last quarter. Finally, Financial Advantage Inc. bought a new stake in National Health Investors in the first quarter valued at about $59,000. Hedge funds and other institutional investors own 63.53% of the company’s stock.

National Health Investors Company Profile

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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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