National Health Investors, Inc. (NYSE:NHI) Receives Consensus Rating of “Hold” from Brokerages
Shares of National Health Investors, Inc. (NYSE:NHI) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $79.25.
NHI has been the topic of several analyst reports. 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 research note on Monday, May 22nd. Zacks Investment Research upgraded shares of National Health Investors from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Wednesday, May 10th. Stifel Nicolaus lifted their price target on shares of National Health Investors from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. ValuEngine cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Mizuho reiterated a “neutral” rating on shares of National Health Investors in a research note on Wednesday, June 28th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in National Health Investors during the first quarter worth $201,000. Ladenburg Thalmann Financial Services Inc. boosted its position 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 worth $212,000 after buying an additional 182 shares during the period. Doyle Wealth Management purchased a new position in National Health Investors during the first quarter worth $227,000. Daiwa Securities Group Inc. boosted its position 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 worth $232,000 after buying an additional 55 shares during the period. Finally, New York State Teachers Retirement System boosted its position 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 worth $245,000 after buying an additional 100 shares during the period. Institutional investors own 69.09% of the company’s stock.
National Health Investors (NHI) traded down 0.96% during trading on Tuesday, reaching $77.02. The company had a trading volume of 322,077 shares. The firm’s 50 day moving average price is $76.91 and its 200 day moving average price is $74.32. National Health Investors has a 12-month low of $66.31 and a 12-month high of $82.53. The firm has a market capitalization of $3.16 billion, a PE ratio of 18.70 and a beta of 0.57.
National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by $0.16. National Health Investors had a return on equity of 13.36% and a net margin of 63.72%. The company had revenue of $66.39 million during the quarter, compared to the consensus estimate of $65.42 million. During the same period last year, the firm posted $1.16 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts forecast that National Health Investors will post $3.73 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Friday, June 30th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Wednesday, June 28th. National Health Investors’s dividend payout ratio (DPR) is 92.23%.
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National Health Investors Company Profile
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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