National Health Investors, Inc. (NYSE:NHI) Given Average Rating of "Moderate Buy" by Analysts

Shares of National Health Investors, Inc. (NYSE:NHI - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $76.60.

Several brokerages have weighed in on NHI. Truist Financial lowered their price objective on National Health Investors from $78.00 to $72.00 and set a "hold" rating for the company in a research report on Monday, December 23rd. StockNews.com lowered shares of National Health Investors from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th.

Institutional Investors Weigh In On National Health Investors

Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in National Health Investors by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust's stock worth $114,242,000 after buying an additional 82,825 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of National Health Investors by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,094,570 shares of the real estate investment trust's stock worth $92,026,000 after acquiring an additional 8,540 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of National Health Investors by 17.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust's stock worth $71,651,000 after acquiring an additional 123,596 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of National Health Investors by 10.7% in 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. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of National Health Investors by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 463,403 shares of the real estate investment trust's stock valued at $32,114,000 after purchasing an additional 2,279 shares during the period. 62.51% of the stock is owned by hedge funds and other institutional investors.

National Health Investors Trading Down 0.9 %

NYSE:NHI traded down $0.59 during trading hours on Friday, reaching $68.11. The company's stock had a trading volume of 135,780 shares, compared to its average volume of 188,263. The firm has a 50-day simple moving average of $70.46 and a 200-day simple moving average of $75.71. 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 1 year low of $51.59 and a 1 year high of $86.13. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 4.32 and a beta of 1.06.

National Health Investors (NYSE:NHI - Get Free Report) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.42). National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The company had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. During the same period last year, the firm posted $1.08 EPS. The company's revenue was up 1.7% on a year-over-year basis. Research analysts expect that National Health Investors will post 4.41 EPS for the current fiscal year.

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.