National Health Investors (NYSE:NHI) Rating Increased to Buy at Truist Financial

Truist Financial upgraded shares of National Health Investors (NYSE:NHI - Free Report) from a hold rating to a buy rating in a report published on Wednesday, MarketBeat Ratings reports. Truist Financial currently has $77.00 price target on the real estate investment trust's stock.

Separately, Wedbush reiterated an "outperform" rating and set a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $85.75.

National Health Investors Stock Performance

Shares of NYSE NHI traded up $0.28 during midday trading on Wednesday, hitting $70.80. 123,629 shares of the company's stock were exchanged, compared to its average volume of 247,896. National Health Investors has a twelve month low of $65.13 and a twelve month high of $86.13. The firm has a market cap of $3.31 billion, a P/E ratio of 22.48, a PEG ratio of 4.25 and a beta of 0.73. The stock's 50 day moving average price is $72.93 and its 200-day moving average price is $71.59. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55.

National Health Investors (NYSE:NHI - Get Free Report) last released its quarterly earnings results 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. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The company had revenue of $68.87 million during the quarter, compared to analysts' expectations of $85.13 million. During the same quarter in the prior year, the business posted $1.10 earnings per share. The company's revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that National Health Investors will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be paid a $0.90 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.08%. National Health Investors's dividend payout ratio is currently 114.29%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of National Health Investors by 10.7% in the 4th quarter. Bank of New York Mellon Corp now owns 557,420 shares of the real estate investment trust's stock valued at $38,629,000 after purchasing an additional 53,705 shares during the period. Metis Global Partners LLC boosted its holdings in shares of National Health Investors by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 4,982 shares of the real estate investment trust's stock worth $345,000 after buying an additional 508 shares during the period. Jones Financial Companies Lllp increased its position in shares of National Health Investors by 781.2% in the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 789 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 valued at $60,765,000 after acquiring an additional 24,462 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of National Health Investors by 21.8% during the fourth quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust's stock valued at $2,060,000 after acquiring an additional 5,318 shares during the period. Institutional investors own 62.51% of the company's stock.

National Health Investors Company Profile

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.