National Health Investors, Inc. (NHI) Receives Average Recommendation of “Hold” from Analysts
Shares of National Health Investors, Inc. (NYSE:NHI) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $78.80.
Several research firms have recently commented on NHI. Stifel Nicolaus boosted their price target on shares of National Health Investors from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday. ValuEngine cut shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Bank of America Corporation cut shares of National Health Investors from a “neutral” rating to an “underperform” rating and set a $76.00 price target on the stock. in a report on Monday, May 22nd. Finally, Zacks Investment Research cut shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th.
Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in National Health Investors during the first quarter valued at about $201,000. Ladenburg Thalmann Financial Services Inc. raised its stake in National Health Investors by 6.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,861 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 182 shares during the last quarter. Doyle Wealth Management acquired a new stake in National Health Investors during the first quarter valued at about $227,000. Daiwa Securities Group Inc. raised its stake in National Health Investors by 1.7% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 55 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in National Health Investors by 3.1% in the fourth quarter. New York State Teachers Retirement System now owns 3,300 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 100 shares during the last quarter. 69.51% of the stock is owned by institutional investors and hedge funds.
Shares of National Health Investors (NYSE NHI) traded down 0.05% on Friday, hitting $78.47. The company had a trading volume of 94,980 shares. National Health Investors has a 12-month low of $66.31 and a 12-month high of $82.53. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 19.06 and a beta of 0.60. The company has a 50 day moving average of $75.67 and a 200-day moving average of $74.03.
National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $1.10 EPS for the quarter, missing the consensus estimate of $1.26 by $0.16. National Health Investors had a net margin of 63.72% and a return on equity of 13.36%. The company had revenue of $66.39 million for the quarter, compared to analysts’ expectations of $65.42 million. During the same quarter in the prior year, the firm earned $1.16 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, analysts forecast that National Health Investors will post $3.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Friday, June 30th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Wednesday, June 28th. National Health Investors’s payout ratio is presently 92.23%.
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About National Health Investors
National Health Investors, Inc is a self-managed real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company is engaged in the business of owning and financing healthcare properties.
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