Brokerages Set National Health Investors, Inc. (NYSE:NHI) Target Price at $60.50

Shares of National Health Investors, Inc. (NYSE:NHI) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $60.50.

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Health Investors in a report on Tuesday, January 30th. They issued a “buy” rating and a $69.00 target price for the company. Wells Fargo & Company upgraded shares of National Health Investors from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $55.00 to $63.00 in a research note on Monday, February 26th. Truist Financial increased their price target on National Health Investors from $55.00 to $58.00 and gave the stock a “hold” rating in a research note on Thursday, April 4th. Wedbush raised their price target on National Health Investors from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Finally, StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th.

National Health Investors Stock Performance

Shares of NHI opened at $64.72 on Thursday. The business has a 50-day simple moving average of $60.55 and a two-hundred day simple moving average of $56.17. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.90. National Health Investors has a 52 week low of $47.54 and a 52 week high of $65.23. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 20.68 and a beta of 0.95.

National Health Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Thursday, March 28th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend was Wednesday, March 27th. National Health Investors’s dividend payout ratio is presently 115.02%.

Insider Activity at National Health Investors

In other National Health Investors news, Director Charlotte A. Swafford purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of $58.69 per share, with a total value of $586,900.00. Following the acquisition, the director now owns 110,185 shares in the company, valued at $6,466,757.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.26% of the stock is owned by insiders.

Institutional Investors Weigh In On National Health Investors

Several institutional investors have recently made changes to their positions in NHI. Janney Montgomery Scott LLC raised its holdings in shares of National Health Investors by 0.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,707 shares of the real estate investment trust’s stock worth $1,324,000 after buying an additional 200 shares during the period. Van ECK Associates Corp lifted its position in shares of National Health Investors by 4.3% during the third quarter. Van ECK Associates Corp now owns 4,889 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 202 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of National Health Investors by 33.5% during the fourth quarter. Sound Income Strategies LLC now owns 916 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 230 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of National Health Investors by 6.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 238 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of National Health Investors by 3.4% in the third quarter. Atria Wealth Solutions Inc. now owns 7,841 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 261 shares during the last quarter. Institutional investors own 62.51% of the company’s stock.

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.