Truist Financial Issues Positive Forecast for National Health Investors (NYSE:NHI) Stock Price

Key Points

• Truist Financial has raised the price target for National Health Investors (NHI) from $77.00 to $81.00, indicating a potential upside of 9.12% from the current stock price.
• National Health Investors reported an EPS of $1.22 for the last quarter, exceeding the consensus estimate of $1.16.
• Multiple analysts have given NHI ratings ranging from "hold" to "strong buy," with an average rating of Moderate Buy and a consensus price target of $85.40.

National Health Investors (NYSE:NHI - Free Report) had its price objective increased by Truist Financial from $77.00 to $81.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the real estate investment trust's stock.

A number of other equities analysts also recently weighed in on NHI. Wedbush raised shares of National Health Investors to a "strong-buy" rating in a report on Wednesday, July 2nd. KeyCorp raised shares of National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price target on the stock in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, National Health Investors currently has a consensus rating of "Buy" and a consensus target price of $85.40.

National Health Investors Stock Up 1.6%

NHI traded up $1.1670 during mid-day trading on Friday, reaching $76.0570. 168,758 shares of the stock were exchanged, compared to its average volume of 248,607. The company has a debt-to-equity ratio of 0.75, a quick ratio of 10.91 and a current ratio of 10.91. The stock has a market capitalization of $3.61 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 3.75 and a beta of 0.73. The company has a 50 day moving average price of $71.61 and a two-hundred day moving average price of $72.34. National Health Investors has a 1 year low of $65.13 and a 1 year high of $86.13.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. National Health Investors had a net margin of 40.97% and a return on equity of 10.32%. The firm had revenue of $70.27 million for the quarter, compared to the consensus estimate of $86.46 million. During the same period in the previous year, the firm earned $1.18 EPS. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, research analysts anticipate that National Health Investors will post 4.41 EPS for the current year.

National Health Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from National Health Investors's previous quarterly dividend of $0.90. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.8%. National Health Investors's payout ratio is currently 117.57%.

Institutional Investors Weigh In On National Health Investors

A number of institutional investors and hedge funds have recently modified their holdings of NHI. LPL Financial LLC lifted its holdings in shares of National Health Investors by 2.0% in the fourth quarter. LPL Financial LLC now owns 22,842 shares of the real estate investment trust's stock worth $1,583,000 after buying an additional 449 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of National Health Investors by 8.3% in the fourth quarter. Wells Fargo & Company MN now owns 76,072 shares of the real estate investment trust's stock worth $5,272,000 after purchasing an additional 5,853 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of National Health Investors in the fourth quarter worth approximately $2,219,000. Sterling Capital Management LLC increased its position in shares of National Health Investors by 61.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,099 shares of the real estate investment trust's stock worth $215,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Barclays PLC increased its position in shares of National Health Investors by 7.6% in the fourth quarter. Barclays PLC now owns 77,122 shares of the real estate investment trust's stock worth $5,344,000 after purchasing an additional 5,419 shares during the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

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.