National Health Investors (NYSE:NHI) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of National Health Investors (NYSE:NHI) from a buy rating to a hold rating in a research note released on Tuesday morning.

A number of other research analysts have also recently weighed in on NHI. Truist Financial raised their price objective on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company downgraded National Health Investors from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $81.00 to $86.00 in a research report on Tuesday, October 1st. Finally, Bank of America initiated coverage on National Health Investors in a research report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, National Health Investors currently has a consensus rating of “Moderate Buy” and an average price target of $73.29.

National Health Investors Stock Performance

Shares of NHI stock opened at $76.56 on Tuesday. The stock has a fifty day moving average price of $80.45 and a 200 day moving average price of $71.58. The company has a debt-to-equity ratio of 0.91, a quick ratio of 10.27 and a current ratio of 10.27. The stock has a market cap of $3.32 billion, a PE ratio of 25.10, a P/E/G ratio of 4.78 and a beta of 1.04. National Health Investors has a 1 year low of $48.51 and a 1 year high of $86.13.

National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). The firm had revenue of $84.97 million for the quarter, compared to analyst estimates of $64.95 million. National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $1.06 EPS. Sell-side analysts forecast that National Health Investors will post 4.55 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a $0.90 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.60 annualized dividend and a yield of 4.70%. National Health Investors’s payout ratio is currently 118.03%.

Institutional Trading of National Health Investors

A number of hedge funds have recently added to or reduced their stakes in NHI. Arizona State Retirement System lifted its holdings in shares of National Health Investors by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust’s stock worth $823,000 after acquiring an additional 222 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of National Health Investors by 6.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 238 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of National Health Investors by 6.9% during the 2nd quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust’s stock valued at $434,000 after buying an additional 416 shares during the period. Compass Wealth Management LLC acquired a new stake in shares of National Health Investors during the 1st quarter worth $30,000. Finally, International Assets Investment Management LLC acquired a new position in National Health Investors in the second quarter valued at $36,000. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Company Profile

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