Truist Financial Forecasts Strong Price Appreciation for National Health Investors (NYSE:NHI) Stock

National Health Investors (NYSE:NHI) had its price objective upped by stock analysts at Truist Financial from $77.00 to $81.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target would suggest a potential upside of 8.46% from the company’s previous close.

Several other research firms also recently commented on NHI. Wedbush upgraded shares of National Health Investors to a “strong-buy” rating in a research note on Wednesday, July 2nd. KeyCorp upgraded shares of National Health Investors from a “sector weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a research note on Thursday, July 10th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.40.

National Health Investors Price Performance

NYSE:NHI opened at $74.68 on Friday. National Health Investors has a one year low of $65.13 and a one year high of $86.13. The company has a market cap of $3.55 billion, a P/E ratio of 23.86, a P/E/G ratio of 3.75 and a beta of 0.73. The firm’s fifty day moving average price is $71.55 and its two-hundred day moving average price is $72.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 10.91 and a quick ratio of 10.91.

National Health Investors (NYSE:NHI) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. National Health Investors had a net margin of 40.97% and a return on equity of 10.32%. The firm had revenue of $70.27 million for the quarter, compared to the consensus estimate of $86.46 million. During the same period in the previous year, the company earned $1.18 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Equities analysts expect that National Health Investors will post 4.41 earnings per share for the current year.

Institutional Investors Weigh In On National Health Investors

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in National Health Investors by 244.1% during the second quarter. EverSource Wealth Advisors LLC now owns 406 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 288 shares during the period. Smartleaf Asset Management LLC lifted its position 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 worth $33,000 after purchasing an additional 147 shares during the period. GF Fund Management CO. LTD. bought a new stake in National Health Investors during the fourth quarter worth about $58,000. Farther Finance Advisors LLC lifted its position in National Health Investors by 5,000.0% during the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 900 shares during the period. Finally, Assetmark Inc. lifted its position in National Health Investors by 19.0% during the second quarter. Assetmark Inc. now owns 925 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 148 shares during the period. 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.