National Health Investors (NYSE:NHI) Given New $77.00 Price Target at Truist Financial

National Health Investors (NYSE:NHI - Get Free Report) had its target price increased by equities researchers at Truist Financial from $76.00 to $77.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective would indicate a potential upside of 6.64% from the company's previous close.

Separately, Wedbush restated an "outperform" rating and set a $88.00 price target on shares of National Health Investors in a report on Monday, March 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, National Health Investors has a consensus rating of "Hold" and a consensus price target of $85.75.

National Health Investors Trading Down 0.4%

Shares of National Health Investors stock traded down $0.31 on Monday, reaching $72.21. 140,005 shares of the company were exchanged, compared to its average volume of 239,082. The stock has a fifty day moving average price of $73.73 and a 200-day moving average price of $72.10. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.75. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. National Health Investors has a fifty-two week low of $64.00 and a fifty-two week high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $68.87 million during the quarter, compared to analyst estimates of $85.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. National Health Investors's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. On average, analysts expect that National Health Investors will post 4.41 EPS for the current year.

Institutional Investors Weigh In On National Health Investors

Several large investors have recently made changes to their positions in NHI. Victory Capital Management Inc. boosted its position in National Health Investors by 21.8% during the 4th quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust's stock worth $2,060,000 after acquiring an additional 5,318 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in National Health Investors by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust's stock worth $60,765,000 after acquiring an additional 24,462 shares in the last quarter. Sterling Capital Management LLC boosted its position in National Health Investors by 61.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,099 shares of the real estate investment trust's stock valued at $215,000 after purchasing an additional 1,175 shares during the last quarter. Millennium Management LLC grew its stake in National Health Investors by 1,967.0% in the fourth quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust's stock valued at $33,843,000 after purchasing an additional 464,727 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of National Health Investors by 9.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 60,130 shares of the real estate investment trust's stock worth $4,167,000 after purchasing an additional 5,290 shares during the last quarter. Institutional investors own 62.51% of the company's stock.

About National Health Investors

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.