Shares of National Health Investors, Inc. (NYSE:NHI) have earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $63.20.
Several analysts have issued reports on the company. KeyCorp upgraded National Health Investors from an “underweight” rating to a “sector weight” rating in a report on Monday, December 14th. BMO Capital Markets cut National Health Investors from a “market perform” rating to an “underperform” rating and set a $68.00 target price for the company. in a report on Thursday, January 7th. Zacks Investment Research cut National Health Investors from a “hold” rating to a “sell” rating in a report on Wednesday, February 24th. Mizuho cut National Health Investors from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $56.00 to $55.00 in a report on Wednesday, January 13th. Finally, Berenberg Bank cut National Health Investors from a “buy” rating to a “hold” rating in a report on Wednesday, December 2nd.
In other news, Director Robert G. Adams bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 14th. The shares were purchased at an average price of $67.75 per share, with a total value of $135,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.74% of the stock is currently owned by corporate insiders.
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A number of hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. raised its position in National Health Investors by 21.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 146,153 shares of the real estate investment trust’s stock valued at $10,118,000 after purchasing an additional 25,696 shares in the last quarter. FormulaFolio Investments LLC purchased a new position in shares of National Health Investors in the 4th quarter valued at about $225,000. Norges Bank purchased a new position in shares of National Health Investors in the 4th quarter valued at about $40,753,000. UBS Asset Management Americas Inc. increased its holdings in shares of National Health Investors by 12.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 258,970 shares of the real estate investment trust’s stock valued at $17,913,000 after acquiring an additional 28,694 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of National Health Investors by 98.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 74,500 shares of the real estate investment trust’s stock valued at $5,153,000 after acquiring an additional 36,900 shares during the last quarter. 65.72% of the stock is currently owned by institutional investors.
Shares of NHI opened at $74.67 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 13.13 and a current ratio of 13.13. National Health Investors has a one year low of $31.37 and a one year high of $76.43. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 17.53 and a beta of 0.88. The stock has a 50 day moving average price of $68.38 and a 200 day moving average price of $64.95.
National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Sunday, February 21st. The real estate investment trust reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.19). National Health Investors had a return on equity of 12.64% and a net margin of 56.94%. The firm had revenue of $81.24 million for the quarter, compared to analysts’ expectations of $84.22 million. During the same quarter in the previous year, the firm posted $1.41 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts predict that National Health Investors will post 5.59 earnings per share for the current year.
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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