National Health Investors (NYSE:NHI) Hits New 1-Year High at $86.00

National Health Investors, Inc. (NYSE:NHI) shares reached a new 52-week high during trading on Monday . The stock traded as high as $86.00 and last traded at $85.54, with a volume of 4867 shares traded. The stock had previously closed at $85.05.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com upgraded National Health Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Wells Fargo & Company upped their price target on shares of National Health Investors from $63.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Finally, 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 report on Friday, August 30th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, National Health Investors has an average rating of “Moderate Buy” and a consensus target price of $63.75.

National Health Investors Price Performance

The company has a market cap of $3.67 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 8.67 and a beta of 1.04. The company’s 50 day moving average price is $76.30 and its 200 day moving average price is $67.97. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.91.

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

National Health Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Friday, September 27th. National Health Investors’s dividend payout ratio (DPR) is currently 118.03%.

Institutional Investors Weigh In On National Health Investors

Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC purchased a new stake in National Health Investors during the fourth quarter worth about $340,000. Janney Montgomery Scott LLC boosted its stake in shares of National Health Investors by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,707 shares of the real estate investment trust’s stock worth $1,324,000 after acquiring an additional 200 shares in the last quarter. Norges Bank acquired a new stake in shares of National Health Investors in the 4th quarter worth approximately $25,448,000. Central Valley Advisors LLC purchased a new position in National Health Investors in the 4th quarter valued at approximately $289,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in National Health Investors by 4.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 49,500 shares of the real estate investment trust’s stock worth $2,765,000 after purchasing an additional 1,960 shares during the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

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.