Truist Financial Issues Positive Forecast for National Health Investors (NYSE:NHI) Stock Price

National Health Investors (NYSE:NHI) had its target price boosted by Truist Financial from $76.00 to $77.00 in a research note issued to investors on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Separately, Wedbush reiterated an “outperform” rating and set a $88.00 price objective on shares of National Health Investors in a report on Monday, March 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.75.

National Health Investors Trading Down 1.0%

Shares of NYSE NHI opened at $71.75 on Monday. The stock has a market cap of $3.35 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.75. The firm has a 50 day moving average price of $73.69 and a two-hundred day moving average price of $72.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors has a 52-week low of $64.00 and a 52-week high of $86.13.

National Health Investors (NYSE:NHI) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The business had revenue of $68.87 million during the quarter, compared to the consensus estimate of $85.13 million. During the same quarter in the prior year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities analysts forecast that National Health Investors will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.02%. National Health Investors’s dividend payout ratio (DPR) is presently 114.29%.

Hedge Funds Weigh In On National Health Investors

Several institutional investors and hedge funds have recently bought and sold shares of NHI. Smartleaf Asset Management LLC lifted its holdings in National Health Investors by 49.8% during the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 147 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of National Health Investors by 4.4% in the first quarter. M&T Bank Corp now owns 3,969 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 168 shares during the period. Focus Partners Wealth grew its position in shares of National Health Investors by 4.0% in the fourth quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 188 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of National Health Investors by 42.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 189 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of National Health Investors by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust’s stock valued at $1,388,000 after purchasing an additional 196 shares during the period. 62.51% of the stock is owned by institutional investors.

About National Health Investors

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.