National Health Investors, Inc. (NYSE:NHI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of National Health Investors, Inc. (NYSE:NHI) have earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $76.60.

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Truist Financial reduced their price objective on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a research note on Monday, December 23rd.

National Health Investors Price Performance

NHI stock opened at $67.57 on Friday. The stock’s 50 day moving average price is $69.95 and its 200 day moving average price is $75.57. The firm has a market cap of $3.07 billion, a P/E ratio of 23.22, a PEG ratio of 4.32 and a beta of 1.06. 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 1 year low of $51.70 and a 1 year high of $86.13.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.42). The company had revenue of $63.32 million during 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 firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, sell-side analysts expect that National Health Investors will post 4.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of National Health Investors in the third quarter worth approximately $27,000. Covestor Ltd raised its stake in National Health Investors by 2,700.0% during the third quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 405 shares during the period. Point72 DIFC Ltd acquired a new position in shares of National Health Investors in the 3rd quarter valued at $35,000. Loomis Sayles & Co. L P purchased a new stake in shares of National Health Investors during the 3rd quarter valued at $38,000. Finally, Assetmark Inc. increased its holdings in shares of National Health Investors by 27.8% during the 3rd quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds 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.