Zacks Investment Research upgraded shares of National Health Investors (NYSE:NHI) from a sell rating to a hold rating in a research note published on Thursday morning, Zacks.com reports.

According to Zacks, “National Health Investors, Inc. is a real estate investment trust which invests in income producing health care properties primarily in the long-term care industry. The company provides current income for distribution to stockholders through investments in health care related facilities, including long-term care facilities, acute care hospitals, medical office buildings, retirement centers and assisted living facilities. “

Several other research analysts have also recently commented on the stock. Stifel Nicolaus reaffirmed a hold rating and set a $63.00 target price on shares of National Health Investors in a report on Tuesday, September 1st. ValuEngine lowered National Health Investors from a hold rating to a sell rating in a report on Thursday, October 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. National Health Investors currently has a consensus rating of Hold and an average target price of $65.88.

Shares of NYSE NHI opened at $64.77 on Thursday. The firm has a market cap of $2.90 billion, a P/E ratio of 15.13 and a beta of 0.79. The business’s 50 day moving average is $60.24 and its 200-day moving average is $59.94. The company has a current ratio of 13.20, a quick ratio of 13.20 and a debt-to-equity ratio of 1.03. National Health Investors has a 1-year low of $31.37 and a 1-year high of $91.12.

National Health Investors (NYSE:NHI) last posted its earnings results on Monday, November 9th. The real estate investment trust reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.48). National Health Investors had a return on equity of 12.74% and a net margin of 57.44%. The firm had revenue of $84.30 million for the quarter, compared to analyst estimates of $82.87 million. During the same period in the prior year, the business posted $1.42 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts forecast that National Health Investors will post 5.63 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 6th. Stockholders of record on Wednesday, September 30th were paid a $1.102 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $4.41 dividend on an annualized basis and a dividend yield of 6.81%. National Health Investors’s payout ratio is currently 80.18%.

In related news, Director Robert G. Adams bought 1,000 shares of the business’s stock in a transaction on Tuesday, November 17th. The shares were purchased at an average price of $66.45 per share, for a total transaction of $66,450.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.74% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Stephens Inc. AR boosted its stake in shares of National Health Investors by 3.1% during the second quarter. Stephens Inc. AR now owns 5,432 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 161 shares in the last quarter. Eii Capital Management Inc. boosted its position in National Health Investors by 4.1% during the 3rd quarter. Eii Capital Management Inc. now owns 5,384 shares of the real estate investment trust’s stock worth $324,000 after buying an additional 210 shares during the period. Public Employees Retirement System of Ohio boosted its position in National Health Investors by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,989 shares of the real estate investment trust’s stock worth $3,194,000 after buying an additional 212 shares during the period. Envestnet Asset Management Inc. grew its holdings in National Health Investors by 4.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,480 shares of the real estate investment trust’s stock worth $451,000 after acquiring an additional 302 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in National Health Investors by 0.5% in the 3rd quarter. California State Teachers Retirement System now owns 65,064 shares of the real estate investment trust’s stock valued at $3,921,000 after acquiring an additional 306 shares during the period. Hedge funds and other institutional investors own 68.52% 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-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

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