National Health Investors (NYSE:NHI) Issues Earnings Results, Beats Expectations By $10.29 EPS

National Health Investors (NYSE:NHI) announced its quarterly earnings data on Monday. The real estate investment trust reported $11.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $10.29, FiscalAI reports. The business 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 Trading Up 0.3%

Shares of National Health Investors stock traded up $0.25 on Monday, hitting $71.49. 407,473 shares of the company traded hands, compared to its average volume of 406,876. The stock’s 50 day moving average price is $67.81 and its 200-day moving average price is $76.18. 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 52 week low of $63.51 and a 52 week high of $91.38. The company has a market cap of $3.51 billion, a PE ratio of 20.66, a PEG ratio of 4.54 and a beta of 0.51.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NHI shares. Truist Financial cut their target price on 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. Zacks Research raised National Health Investors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. BMO Capital Markets reissued an “outperform” rating on shares of National Health Investors in a research note on Wednesday, September 23rd. Weiss Ratings downgraded National Health Investors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Finally, Wells Fargo & Company reduced their target price on National Health Investors from $78.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.00.

National Health Investors Company Profile

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.