Equities Analysts Issue Forecasts for National Health Investors, Inc.’s Q3 2017 Earnings (NHI)
National Health Investors, Inc. (NYSE:NHI) – Stock analysts at Capital One Financial Corporation issued their Q3 2017 earnings estimates for National Health Investors in a research note issued to investors on Sunday. Capital One Financial Corporation analyst D. Bernstein forecasts that the real estate investment trust will post earnings of $1.34 per share for the quarter. Capital One Financial Corporation currently has a “Equal Weight” rating on the stock. Capital One Financial Corporation also issued estimates for National Health Investors’ Q4 2017 earnings at $1.35 EPS, FY2017 earnings at $5.26 EPS, Q1 2018 earnings at $1.31 EPS, Q2 2018 earnings at $1.36 EPS, Q3 2018 earnings at $1.37 EPS, Q4 2018 earnings at $1.38 EPS, FY2018 earnings at $5.43 EPS, Q1 2019 earnings at $1.35 EPS, Q2 2019 earnings at $1.40 EPS, Q3 2019 earnings at $1.41 EPS and FY2019 earnings at $5.58 EPS.
Several other equities analysts have also recently issued reports on NHI. BidaskClub cut National Health Investors from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BMO Capital Markets reissued a “hold” rating and issued a $80.00 price objective on shares of National Health Investors in a report on Wednesday, October 18th. Zacks Investment Research raised National Health Investors from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Thursday, September 28th. SunTrust Banks, Inc. began coverage on National Health Investors in a report on Tuesday, October 10th. They issued a “hold” rating and a $80.00 price objective for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $82.00 price objective on shares of National Health Investors in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $80.14.
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National Health Investors (NHI) opened at 76.93 on Wednesday. National Health Investors has a 1-year low of $66.31 and a 1-year high of $81.21. The company has a market cap of $3.15 billion, a P/E ratio of 19.76 and a beta of 0.56. The stock has a 50 day moving average price of $78.36 and a 200 day moving average price of $77.13.
National Health Investors (NYSE:NHI) last posted its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.93 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.36). National Health Investors had a return on equity of 12.56% and a net margin of 59.24%. The company had revenue of $69.84 million during the quarter, compared to the consensus estimate of $67.68 million. During the same period last year, the business earned $1.22 EPS. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, September 29th will be issued a $0.95 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.80 dividend on an annualized basis and a yield of 4.94%. National Health Investors’s payout ratio is 97.69%.
In related news, insider Kevin Carlton Pascoe sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $79.80, for a total value of $159,600.00. Following the completion of the transaction, the insider now owns 21,228 shares of the company’s stock, valued at approximately $1,693,994.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.19% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carroll Financial Associates Inc. acquired a new position in National Health Investors in the 2nd quarter worth about $158,000. Yorktown Management & Research Co Inc acquired a new position in National Health Investors in the 2nd quarter worth about $214,000. Allegis Investment Advisors LLC acquired a new position in National Health Investors in the 2nd quarter worth about $216,000. Profund Advisors LLC raised its holdings in National Health Investors by 4.3% in the 2nd quarter. Profund Advisors LLC now owns 3,126 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 130 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in National Health Investors by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,192 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 62 shares during the period. 69.56% of the stock is owned by institutional investors.
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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