National Health Investors Inc. (NYSE:NHI) Receives $72.60 Consensus Target Price from Brokerages
National Health Investors Inc. (NYSE:NHI) has earned a consensus rating of “Hold” from the nine ratings firms that are covering the company. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $72.60.
A number of research firms recently weighed in on NHI. JMP Securities restated a “hold” rating on shares of National Health Investors in a report on Saturday, June 4th. Zacks Investment Research lowered shares of National Health Investors from a “buy” rating to a “sell” rating in a report on Wednesday, August 3rd. Mizuho upped their target price on shares of National Health Investors from $66.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Stephens began coverage on shares of National Health Investors in a report on Wednesday, September 14th. They issued an “overweight” rating and a $84.00 target price on the stock. Finally, Cantor Fitzgerald restated a “hold” rating on shares of National Health Investors in a report on Thursday, August 18th.
In other news, Director Robert A. Mccabe, Jr. sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $80.29, for a total transaction of $64,232.00. Following the completion of the sale, the director now owns 10,021 shares in the company, valued at approximately $804,586.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.74% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Societe Generale bought a new stake in shares of National Health Investors during the second quarter valued at about $103,000. Creative Planning raised its stake in shares of National Health Investors by 2.6% in the second quarter. Creative Planning now owns 1,390 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 35 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in shares of National Health Investors by 1.1% in the first quarter. BlackRock Japan Co. Ltd now owns 1,809 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 20 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of National Health Investors by 6,303.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,793 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 1,765 shares during the last quarter. Finally, Huntington Asset Advisors Inc. bought a new stake in shares of National Health Investors during the first quarter valued at about $166,000. Institutional investors own 67.49% of the company’s stock.
National Health Investors (NYSE:NHI) opened at 78.48 on Tuesday. The company’s 50-day moving average price is $79.78 and its 200-day moving average price is $73.28. National Health Investors has a 12-month low of $54.51 and a 12-month high of $82.53. The company has a market cap of $3.07 billion, a PE ratio of 18.10 and a beta of 0.65.
National Health Investors (NYSE:NHI) last released its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.01. The company had revenue of $61.20 million for the quarter, compared to analysts’ expectations of $58.08 million. National Health Investors had a net margin of 69.69% and a return on equity of 14.68%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. Equities analysts anticipate that National Health Investors will post $4.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, September 30th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $3.60 annualized dividend and a yield of 4.59%. National Health Investors’s dividend payout ratio (DPR) is 82.95%.
National Health Investors Company Profile
National Health Investors, Inc is a self-managed real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company is engaged in the business of owning and financing healthcare properties.
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