Truist Financial Cuts National Health Investors (NYSE:NHI) Price Target to $72.00

National Health Investors (NYSE:NHI) had its target price reduced by Truist Financial from $78.00 to $72.00 in a research report report published on Monday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other analysts have also commented on the stock. Bank of America assumed coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price target on the stock. Wells Fargo & Company cut National Health Investors from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $81.00 to $86.00 in a report on Tuesday, October 1st. Finally, StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.33.

National Health Investors Stock Performance

Shares of NYSE NHI opened at $69.38 on Monday. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 4.86 and a beta of 1.04. National Health Investors has a 12 month low of $51.59 and a 12 month high of $86.13. The company has a 50 day simple moving average of $75.55 and a two-hundred day simple moving average of $75.66. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92.

National Health Investors (NYSE:NHI) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). The company had revenue of $63.32 million for the quarter, compared to analysts’ expectations of $67.93 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS. As a group, analysts predict that National Health Investors will post 4.42 earnings per share for the current year.

National Health Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.60 annualized dividend and a yield of 5.19%. National Health Investors’s dividend payout ratio (DPR) is currently 123.71%.

Hedge Funds Weigh In On National Health Investors

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC increased its position in shares of National Health Investors by 3.9% during the third quarter. Tidal Investments LLC now owns 6,762 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 254 shares in the last quarter. World Investment Advisors LLC acquired a new stake in National Health Investors during the 3rd quarter worth $1,244,000. Stock Yards Bank & Trust Co. purchased a new stake in shares of National Health Investors during the third quarter worth $210,000. Geode Capital Management LLC raised its position in shares of National Health Investors by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,094,570 shares of the real estate investment trust’s stock valued at $92,026,000 after buying an additional 8,540 shares during the last quarter. Finally, Vestcor Inc purchased a new position in shares of National Health Investors in the third quarter worth about $3,297,000. Hedge funds and other 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.