National Health Investors (NYSE:NHI) Earns Buy Rating from Analysts at Bank of America

Bank of America began coverage on shares of National Health Investors (NYSE:NHI) in a research report released on Tuesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $92.00 price target on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on NHI. Wells Fargo & Company increased their price target on National Health Investors from $63.00 to $69.00 and gave the company an overweight rating in a report on Thursday, May 30th. Truist Financial lifted their price target 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. Finally, StockNews.com upgraded National Health Investors from a hold rating to a buy rating in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $68.75.

National Health Investors Stock Down 0.2 %

NHI stock opened at $82.99 on Tuesday. National Health Investors has a twelve month low of $48.51 and a twelve month high of $86.13. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91. The firm has a market cap of $3.60 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 8.86 and a beta of 1.04. The business has a 50 day moving average of $78.82 and a 200 day moving average of $69.64.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share (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 business had revenue of $84.97 million for the quarter, compared to the consensus estimate of $64.95 million. During the same period in the previous year, the company earned $1.06 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts forecast that National Health Investors will post 4.55 EPS for the current fiscal year.

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be issued a $0.90 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.60 dividend on an annualized basis and a yield of 4.34%. National Health Investors’s dividend payout ratio is presently 118.03%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NHI. Jupiter Asset Management Ltd. raised its holdings in shares of National Health Investors by 448.7% during the 1st 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 in the last quarter. Land & Buildings Investment Management LLC raised its holdings in shares of National Health Investors by 81.8% during the 4th 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. Susquehanna Fundamental Investments LLC purchased a new stake in shares of National Health Investors during the 1st quarter worth approximately $547,000. Strategic Financial Concepts LLC purchased a new stake in shares of National Health Investors during the 2nd quarter worth approximately $28,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of National Health Investors by 9.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 407,855 shares of the real estate investment trust’s stock valued at $25,626,000 after purchasing an additional 36,653 shares during the last quarter. 62.51% of the stock is 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.