According to Zacks, “National Health Investors, Inc. is a real estate investment trust which invests in income producing health care properties primarily in the long-term care industry. The company provides current income for distribution to stockholders through investments in health care related facilities, including long-term care facilities, acute care hospitals, medical office buildings, retirement centers and assisted living facilities. “
A number of other equities analysts also recently commented on the stock. BMO Capital Markets downgraded shares of National Health Investors from a “market perform” rating to an “underperform” rating and set a $68.00 price objective for the company. in a research note on Thursday, January 7th. KeyCorp raised shares of National Health Investors from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 14th. Berenberg Bank downgraded National Health Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, December 2nd. Finally, Mizuho downgraded National Health Investors from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $56.00 to $55.00 in a research report on Wednesday, January 13th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. National Health Investors presently has a consensus rating of “Hold” and a consensus target price of $61.57.
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Shares of NHI stock opened at $67.80 on Wednesday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 15.92 and a beta of 0.88. National Health Investors has a 52-week low of $31.37 and a 52-week high of $91.12. The company has a quick ratio of 13.13, a current ratio of 13.13 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $67.49 and its 200 day moving average is $64.52.
National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Sunday, February 21st. The real estate investment trust reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.19). The business had revenue of $81.24 million during the quarter, compared to the consensus estimate of $84.22 million. National Health Investors had a return on equity of 12.64% and a net margin of 56.94%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. Analysts anticipate that National Health Investors will post 5.59 EPS for the current fiscal year.
In related news, Director Robert G. Adams acquired 2,000 shares of the company’s stock in a transaction dated Monday, December 14th. The shares were purchased at an average cost of $67.75 per share, with a total value of $135,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.74% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of NHI. Marshall Wace North America L.P. purchased a new stake in National Health Investors in the first quarter valued at $31,000. International Assets Investment Management LLC purchased a new stake in National Health Investors in the fourth quarter valued at $32,000. Van ECK Associates Corp boosted its holdings in National Health Investors by 23.5% in the third quarter. Van ECK Associates Corp now owns 1,298 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 247 shares during the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new stake in National Health Investors in the fourth quarter valued at $183,000. Finally, Avantax Advisory Services Inc. purchased a new stake in National Health Investors in the third quarter valued at $202,000. 65.72% of the stock is currently owned by institutional investors.
About National Health Investors
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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