Shares of National Health Investors Inc (NYSE:NHI) have been given an average rating of “Hold” by the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $78.20.
Separately, Zacks Investment Research cut National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th.
NYSE:NHI traded down $0.89 during trading hours on Tuesday, reaching $78.67. 11,319 shares of the stock were exchanged, compared to its average volume of 211,152. The company has a debt-to-equity ratio of 0.91, a current ratio of 14.99 and a quick ratio of 14.99. The stock has a 50-day simple moving average of $78.68. National Health Investors has a twelve month low of $70.54 and a twelve month high of $84.57. The stock has a market cap of $3.44 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40.
National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.48). National Health Investors had a return on equity of 10.96% and a net margin of 50.87%. The firm had revenue of $76.11 million for the quarter, compared to analyst estimates of $73.21 million. During the same quarter last year, the company earned $1.35 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts forecast that National Health Investors will post 5.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, June 28th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date is Thursday, June 27th. National Health Investors’s dividend payout ratio is currently 76.64%.
Several institutional investors have recently bought and sold shares of NHI. ERTS Wealth Advisors LLC purchased a new stake in shares of National Health Investors during the fourth quarter worth $25,000. Marshall Wace North America L.P. purchased a new position in National Health Investors in the first quarter valued at $31,000. Farmers National Bank purchased a new position in National Health Investors in the first quarter valued at $49,000. Oppenheimer Asset Management Inc. purchased a new position in National Health Investors in the fourth quarter valued at $52,000. Finally, Quadrant Capital Group LLC increased its holdings in National Health Investors by 306.7% in the first quarter. Quadrant Capital Group LLC now owns 793 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 598 shares during the last quarter. 69.61% of the stock is currently owned by institutional investors and hedge funds.
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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