National Health Investors (NYSE:NHI) Price Target Cut to $72.00 by Analysts at Truist Financial

National Health Investors (NYSE:NHI - Get Free Report) had its target price decreased by Truist Financial from $78.00 to $72.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price target would suggest a potential upside of 4.26% from the stock's previous close.

NHI has been the topic of several other reports. Wells Fargo & Company downgraded National Health Investors from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $81.00 to $86.00 in a research report 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 for the company. Finally, StockNews.com lowered National Health Investors from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $75.33.

National Health Investors Stock Performance

Shares of National Health Investors stock traded down $0.79 on Monday, reaching $69.06. 178,317 shares of the stock were exchanged, compared to its average volume of 204,416. The business has a 50 day moving average price of $76.02 and a two-hundred day moving average price of $75.66. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 4.86 and a beta of 1.04. National Health Investors has a twelve month low of $51.59 and a twelve month high of $86.13. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92.

National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.42). The business had revenue of $63.32 million for the quarter, compared to analyst estimates of $67.93 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The business's revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Analysts anticipate that National Health Investors will post 4.42 earnings per share for the current fiscal year.

Institutional Trading of National Health Investors

Institutional investors and hedge funds have recently made changes to their positions in the business. Lee Danner & Bass Inc. purchased a new position in National Health Investors during the second quarter valued at $5,089,000. International Assets Investment Management LLC acquired a new position in shares of National Health Investors during the second quarter valued at approximately $36,000. Van ECK Associates Corp lifted its position in shares of 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 valued at $434,000 after acquiring an additional 416 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of National Health Investors by 2.2% in the second quarter. Rhumbline Advisers now owns 81,910 shares of the real estate investment trust's stock worth $5,548,000 after acquiring an additional 1,727 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of National Health Investors by 334.1% during the second quarter. Victory Capital Management Inc. now owns 23,666 shares of the real estate investment trust's stock worth $1,603,000 after purchasing an additional 18,214 shares in the last quarter. 62.51% of the stock is currently owned by hedge funds and other 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.