National Health Investors (NYSE:NHI – Get Free Report) released its quarterly earnings results on Monday. The real estate investment trust reported $11.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $10.29, FiscalAI reports. The firm had revenue of $113.48 million during the quarter, compared to the consensus estimate of $68.53 million. National Health Investors had a net margin of 38.56% and a return on equity of 10.89%.
National Health Investors Stock Up 0.3%
NHI stock traded up $0.25 during trading on Monday, reaching $71.49. 408,666 shares of the stock were exchanged, compared to its average volume of 407,732. The firm’s 50 day moving average is $67.81 and its 200 day moving average is $76.18. The firm has a market cap of $3.51 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 4.54 and a beta of 0.51. The company has a current ratio of 6.78, a quick ratio of 6.78 and a debt-to-equity ratio of 0.81. National Health Investors has a twelve month low of $63.51 and a twelve month high of $91.38.
Analysts Set New Price Targets
A number of research firms have issued reports on NHI. Huntington initiated coverage on National Health Investors in a report on Thursday, September 10th. They set an “outperform” rating and a $79.00 price target on the stock. Weiss Ratings lowered shares of National Health Investors from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 25th. National Bank Financial set a $79.00 target price on shares of National Health Investors in a research report on Wednesday, September 9th. Truist Financial cut their target price on shares of National Health Investors from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, September 2nd. Finally, Zacks Research upgraded shares of National Health Investors from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.
Get Our Latest Stock Report on National Health Investors
About National Health Investors
National Health Investors, Inc (NYSE: NHI) is a real estate investment trust that owns and finances properties used for senior housing and health care. Founded in 1991, the company is headquartered in Murfreesboro, Tennessee.
NHI’s portfolio includes senior housing communities, such as independent living, assisted living and memory care properties, as well as skilled nursing facilities. It typically works with health care operators through property leases and mortgage loans.
The company serves markets across the United States.
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