National Health Investors, Inc. (NYSE:NHI) Receives Consensus Rating of “Hold” from Brokerages

Shares of National Health Investors, Inc. (NYSE:NHIGet Rating) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $65.50.

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of National Health Investors in a report on Wednesday, June 22nd. They issued an “underperform” rating for the company. BMO Capital Markets lowered shares of National Health Investors from an “outperform” rating to a “market perform” rating and set a $62.00 price objective for the company. in a report on Tuesday, June 21st. Capital One Financial assumed coverage on shares of National Health Investors in a report on Friday, June 3rd. They set an “overweight” rating and a $64.00 price objective for the company. Finally, StockNews.com assumed coverage on shares of National Health Investors in a report on Thursday, March 31st. They set a “hold” rating for the company.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in National Health Investors by 23.6% during the 1st quarter. Bank of America Corp DE now owns 888,548 shares of the real estate investment trust’s stock valued at $52,432,000 after purchasing an additional 169,598 shares during the period. Toroso Investments LLC purchased a new position in National Health Investors during the 1st quarter valued at about $215,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in National Health Investors during the 1st quarter valued at about $453,000. Rush Island Management LP grew its position in shares of National Health Investors by 16.2% in the 1st quarter. Rush Island Management LP now owns 701,497 shares of the real estate investment trust’s stock worth $41,395,000 after buying an additional 97,695 shares during the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in shares of National Health Investors in the 1st quarter worth approximately $204,000. 63.53% of the stock is currently owned by institutional investors and hedge funds.

NHI stock opened at $60.54 on Wednesday. National Health Investors has a 52 week low of $50.22 and a 52 week high of $69.22. The company has a quick ratio of 23.40, a current ratio of 23.40 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $57.69 and a two-hundred day simple moving average of $57.04. The firm has a market capitalization of $2.78 billion, a P/E ratio of 32.90 and a beta of 0.88.

National Health Investors (NYSE:NHIGet Rating) last released its quarterly earnings data on Monday, May 9th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.45). National Health Investors had a net margin of 29.35% and a return on equity of 5.55%. The business had revenue of $71.33 million for the quarter, compared to the consensus estimate of $73.06 million. During the same quarter last year, the business earned $1.24 EPS. National Health Investors’s revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, analysts anticipate that National Health Investors will post 4.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Wednesday, June 29th. National Health Investors’s dividend payout ratio (DPR) is 195.65%.

About National Health Investors (Get Rating)

Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

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Analyst Recommendations for National Health Investors (NYSE:NHI)

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