Cantor Fitzgerald Begins Coverage on National Health Investors (NYSE:NHI)

Stock analysts at Cantor Fitzgerald started coverage on shares of National Health Investors (NYSE:NHI) in a note issued to investors on Wednesday, Marketbeat.com reports. The firm set an “overweight” rating and a $90.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 14.72% from the company’s current price.

NHI has been the topic of a number of other research reports. National Bankshares set a $90.00 price objective on National Health Investors in a research note on Wednesday. Wells Fargo & Company increased their price target on National Health Investors from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Truist Financial increased their price target on National Health Investors from $77.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 15th. Wedbush raised National Health Investors to a “strong-buy” rating in a report on Wednesday, July 2nd. Finally, KeyCorp raised National Health Investors from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $84.83.

National Health Investors Trading Down 1.7%

Shares of NHI opened at $78.45 on Wednesday. The stock’s 50-day moving average is $76.46 and its two-hundred day moving average is $74.07. The stock has a market cap of $3.72 billion, a PE ratio of 25.06, a P/E/G ratio of 3.43 and a beta of 0.77. National Health Investors has a 12 month low of $65.13 and a 12 month high of $82.32. 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 issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $70.27 million for the quarter, compared to analysts’ expectations of $86.46 million. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%.The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Equities analysts forecast that National Health Investors will post 4.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Health Investors

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of National Health Investors by 15.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,635 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 495 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of National Health Investors by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 588,871 shares of the real estate investment trust’s stock valued at $43,494,000 after purchasing an additional 31,451 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of National Health Investors by 11.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,611 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 357 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of National Health Investors during the first quarter valued at approximately $808,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of National Health Investors by 3.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 478,900 shares of the real estate investment trust’s stock valued at $35,372,000 after purchasing an additional 15,497 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.