National Health Investors (NYSE:NHI) Reaches New 52-Week High – Time to Buy?

National Health Investors, Inc. (NYSE:NHI)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $90.58 and last traded at $90.41, with a volume of 6531 shares. The stock had previously closed at $89.31.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NHI. Cantor Fitzgerald set a $85.00 target price on shares of National Health Investors in a research note on Monday, January 5th. National Bank Financial set a $85.00 price objective on National Health Investors in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of National Health Investors in a research report on Monday, December 29th. Wells Fargo & Company boosted their target price on National Health Investors from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, Truist Financial increased their price target on National Health Investors from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, National Health Investors has a consensus rating of “Moderate Buy” and a consensus price target of $85.57.

National Health Investors Trading Down 0.3%

The company has a debt-to-equity ratio of 0.74, a current ratio of 10.64 and a quick ratio of 10.64. The business’s 50-day moving average is $80.21 and its 200 day moving average is $78.04. The firm has a market capitalization of $4.22 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66.

Hedge Funds Weigh In On National Health Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of National Health Investors during the 4th quarter worth $352,000. EP Wealth Advisors LLC acquired a new stake in National Health Investors during the fourth quarter worth about $351,000. NewEdge Advisors LLC grew its stake in National Health Investors by 111.6% during the fourth quarter. NewEdge Advisors LLC now owns 10,202 shares of the real estate investment trust’s stock worth $779,000 after buying an additional 5,380 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in National Health Investors in the 4th quarter valued at about $33,000. Finally, Voloridge Investment Management LLC raised its position in shares of National Health Investors by 1.6% in the 4th quarter. Voloridge Investment Management LLC now owns 76,629 shares of the real estate investment trust’s stock valued at $5,852,000 after buying an additional 1,238 shares in the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Company Profile

National Health Investors, Inc (NYSE: NHI) is a specialized real estate investment trust (REIT) focused on owning and financing high-quality healthcare and senior housing facilities in the United States. The company’s portfolio encompasses a diverse range of properties, including skilled nursing centers, assisted living and memory care communities, behavioral health facilities, dialysis clinics, and medical office buildings. NHI typically enters into long-term net-lease agreements with experienced healthcare operators, providing stable and predictable rental income streams while enabling its tenants to concentrate on delivering quality care.

Since its founding in 1991 and initial public offering later that year, National Health Investors has pursued a disciplined growth strategy centered on strategic acquisitions, joint ventures, and selective development.