National Health Investors, Inc. (NYSE:NHI) Receives Consensus Rating of "Moderate Buy" from Analysts

National Health Investors, Inc. (NYSE:NHI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $73.29.

NHI has been the topic of several research analyst reports. Wells Fargo & Company lowered shares of National Health Investors from an "overweight" rating to an "equal weight" rating and increased their target price for the stock from $81.00 to $86.00 in a research note on Tuesday, October 1st. Bank of America started coverage on National Health Investors in a research report on Tuesday, September 24th. They set a "buy" rating and a $92.00 price target on the stock. StockNews.com downgraded National Health Investors from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Finally, Truist Financial raised their price target on National Health Investors from $65.00 to $78.00 and gave the stock a "hold" rating in a research note on Friday, August 30th.

National Health Investors Price Performance

Shares of NYSE NHI traded down $0.62 during trading on Thursday, hitting $75.85. The company had a trading volume of 125,858 shares, compared to its average volume of 188,659. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 4.78 and a beta of 1.04. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $80.52 and a two-hundred day simple moving average of $71.99. National Health Investors has a fifty-two week low of $48.97 and a fifty-two week high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). The firm had revenue of $84.97 million for the quarter, compared to analyst estimates of $64.95 million. National Health Investors had a net margin of 39.11% and a return on equity of 10.11%. The business's revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $1.06 EPS. On average, research analysts expect that National Health Investors will post 4.55 earnings per share for the current year.

National Health Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Friday, September 27th. National Health Investors's dividend payout ratio is presently 118.03%.

Institutional Investors Weigh In On National Health Investors

Several institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System increased its holdings in shares of National Health Investors by 1.9% during the second quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust's stock worth $823,000 after purchasing an additional 222 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of National Health Investors by 6.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust's stock valued at $222,000 after purchasing an additional 238 shares during the period. Van ECK Associates Corp boosted its position in National Health Investors by 6.9% in the second quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust's stock worth $434,000 after purchasing an additional 416 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of National Health Investors during the 2nd quarter worth approximately $36,000. Finally, USA Financial Formulas increased its holdings in National Health Investors by 172.8% during the 3rd quarter. USA Financial Formulas now owns 922 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 584 shares during the period. Institutional investors own 62.51% of the company's stock.

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.