Shares of National Health Investors, Inc. (NYSE:NHI - Get Free Report) have earned an average rating of "Buy" from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $84.60.
A number of brokerages recently weighed in on NHI. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a research note on Wednesday, July 2nd. KeyCorp upgraded shares of National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 target price for the company in a research note on Thursday, July 10th. Finally, Truist Financial upgraded National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price target on the stock in a research report on Wednesday, July 2nd.
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Institutional Investors Weigh In On National Health Investors
A number of hedge funds have recently added to or reduced their stakes in the company. Metis Global Partners LLC raised its stake in shares of National Health Investors by 34.1% during the 2nd quarter. Metis Global Partners LLC now owns 7,719 shares of the real estate investment trust's stock worth $541,000 after buying an additional 1,964 shares in the last quarter. Bank of New York Mellon Corp raised its position in National Health Investors by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 607,913 shares of the real estate investment trust's stock worth $42,627,000 after acquiring an additional 19,042 shares in the last quarter. Aviance Capital Partners LLC raised its position in National Health Investors by 3.8% in the second quarter. Aviance Capital Partners LLC now owns 5,225 shares of the real estate investment trust's stock worth $366,000 after acquiring an additional 189 shares in the last quarter. Strs Ohio lifted its holdings in National Health Investors by 424.7% in the second quarter. Strs Ohio now owns 42,500 shares of the real estate investment trust's stock valued at $2,980,000 after acquiring an additional 34,400 shares during the period. Finally, Assetmark Inc. boosted its position in shares of National Health Investors by 19.0% during the 2nd quarter. Assetmark Inc. now owns 925 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 148 shares in the last quarter. Institutional investors and hedge funds own 62.51% of the company's stock.
National Health Investors Stock Performance
Shares of National Health Investors stock traded down $0.58 on Monday, hitting $72.71. The stock had a trading volume of 292,733 shares, compared to its average volume of 249,186. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 3.65 and a beta of 0.73. The company has a current ratio of 16.55, a quick ratio of 16.55 and a debt-to-equity ratio of 0.88. National Health Investors has a 52-week low of $65.13 and a 52-week high of $86.13. The company's 50 day moving average price is $71.16 and its 200 day moving average price is $71.97.
National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. On average, research analysts anticipate that National Health Investors will post 4.41 EPS for the current year.
National Health Investors Company Profile
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Incorporated in 1991, National Health Investors, Inc NYSE: NHI is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.
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