National Health Investors (NYSE:NHI) Price Target Raised to $65.00 at Truist Financial

National Health Investors (NYSE:NHI) had its target price raised by Truist Financial from $58.00 to $65.00 in a report released on Wednesday morning, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Several other analysts also recently commented on the company. Wells Fargo & Company increased their price objective on National Health Investors from $63.00 to $69.00 and gave the stock an overweight rating in a research note on Thursday, May 30th. Wedbush lifted their price objective on shares of National Health Investors from $64.00 to $66.00 and gave the stock an outperform rating in a report on Monday, March 18th. StockNews.com downgraded shares of National Health Investors from a buy rating to a hold rating in a report on Thursday, April 18th. Finally, BMO Capital Markets upgraded shares of National Health Investors from a market perform rating to an outperform rating and set a $67.00 price objective for the company in a research note on Tuesday, March 12th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $62.13.

National Health Investors Stock Performance

Shares of National Health Investors stock opened at $67.72 on Wednesday. The company has a market cap of $2.94 billion, a PE ratio of 22.20 and a beta of 1.00. National Health Investors has a 52 week low of $48.51 and a 52 week high of $68.14. The business has a 50 day moving average price of $65.49 and a 200-day moving average price of $59.97. The company has a quick ratio of 13.24, a current ratio of 13.24 and a debt-to-equity ratio of 0.91.

National Health Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, June 28th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.60 annualized dividend and a dividend yield of 5.32%. National Health Investors’s payout ratio is currently 118.03%.

Insider Activity at National Health Investors

In other news, Director Robert A. Mccabe, Jr. bought 437 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $65.83 per share, with a total value of $28,767.71. Following the completion of the transaction, the director now directly owns 21,585 shares of the company’s stock, valued at approximately $1,420,940.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On National Health Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NHI. Norges Bank purchased a new position in shares of National Health Investors in the fourth quarter worth about $25,448,000. Waterfront Capital Partners LLC purchased a new position in shares of National Health Investors in the fourth quarter worth about $21,863,000. Land & Buildings Investment Management LLC lifted its position in shares of National Health Investors by 81.8% during the fourth quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock worth $23,013,000 after acquiring an additional 185,377 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of National Health Investors by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,870,632 shares of the real estate investment trust’s stock worth $104,475,000 after acquiring an additional 146,735 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in shares of National Health Investors by 448.7% in the first quarter. Jupiter Asset Management Ltd. now owns 76,875 shares of the real estate investment trust’s stock worth $4,830,000 after acquiring an additional 62,865 shares during the period. Institutional investors own 62.51% of the company’s stock.

About National Health Investors

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.