National Health Investors (NYSE:NHI – Get Free Report) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03, Zacks reports. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%.
National Health Investors Price Performance
National Health Investors stock traded up $0.65 during mid-day trading on Tuesday, hitting $71.35. 215,156 shares of the company traded hands, compared to its average volume of 193,302. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors has a one year low of $56.70 and a one year high of $86.13. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 4.42 and a beta of 1.06. The stock has a fifty day moving average price of $68.60 and a 200-day moving average price of $75.10.
Wall Street Analyst Weigh In
Separately, Truist Financial decreased their target price on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.
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.
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