National Health Investors (NYSE:NHI) Raised to Buy at Truist Financial

National Health Investors (NYSE:NHI) was upgraded by analysts at Truist Financial from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $77.00 target price on the real estate investment trust’s stock. Truist Financial’s price objective suggests a potential upside of 8.76% from the stock’s previous close.

Separately, Wedbush restated an “outperform” rating and set a $88.00 target price on shares of National Health Investors in a research note on Monday, March 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.75.

National Health Investors Price Performance

Shares of National Health Investors stock opened at $70.80 on Wednesday. National Health Investors has a one year low of $65.13 and a one year high of $86.13. The stock’s fifty day moving average is $72.93 and its 200 day moving average is $71.59. The stock has a market cap of $3.31 billion, a P/E ratio of 22.48, a P/E/G ratio of 4.25 and a beta of 0.73. The company has a debt-to-equity ratio of 0.88, a quick ratio of 16.55 and a current ratio of 16.55.

National Health Investors (NYSE:NHI) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The company had revenue of $68.87 million for the quarter, compared to analysts’ expectations of $85.13 million. During the same period last year, the firm earned $1.10 EPS. National Health Investors’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts anticipate that National Health Investors will post 4.41 earnings per share for the current year.

Institutional Investors Weigh In On National Health Investors

A number of institutional investors and hedge funds have recently bought and sold shares of NHI. Bank of New York Mellon Corp raised its stake in National Health Investors by 10.7% during the 4th quarter. Bank of New York Mellon Corp now owns 557,420 shares of the real estate investment trust’s stock valued at $38,629,000 after purchasing an additional 53,705 shares during the period. Metis Global Partners LLC raised its position in shares of National Health Investors by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 4,982 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 508 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of National Health Investors by 781.2% during the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 789 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of National Health Investors by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock valued at $60,765,000 after buying an additional 24,462 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in National Health Investors by 21.8% in the 4th quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust’s stock valued at $2,060,000 after acquiring an additional 5,318 shares during the last quarter. 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.