National Health Investors (NYSE:NHI) Stock Rating Upgraded by KeyCorp

KeyCorp upgraded shares of National Health Investors (NYSE:NHI - Free Report) from a sector weight rating to an overweight rating in a research report report published on Thursday, MarketBeat Ratings reports. They currently have $80.00 price target on the real estate investment trust's stock.

Several other equities research analysts also recently weighed in on NHI. Truist Financial raised National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price target for the company in a report on Wednesday, July 2nd. Wedbush raised National Health Investors to a "strong-buy" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.60.

National Health Investors Stock Up 0.5%

NHI traded up $0.33 on Thursday, hitting $71.42. The company had a trading volume of 186,246 shares, compared to its average volume of 249,698. The stock has a fifty day moving average price of $72.47 and a 200-day moving average price of $71.62. National Health Investors has a 12-month low of $65.13 and a 12-month high of $86.13. The company has a debt-to-equity ratio of 0.88, a quick ratio of 16.55 and a current ratio of 16.55. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 3.54 and a beta of 0.73.

National Health Investors (NYSE:NHI - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share 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 the consensus estimate of $85.13 million. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The company's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share. Analysts predict that National Health Investors will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Monday, June 30th. National Health Investors's dividend payout ratio (DPR) is 114.29%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in National Health Investors by 49.8% during the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 147 shares in the last quarter. Loomis Sayles & Co. L P raised its position in National Health Investors by 42.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 189 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in National Health Investors during the fourth quarter valued at approximately $58,000. Jones Financial Companies Lllp raised its position in National Health Investors by 781.2% during the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 789 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in National Health Investors by 5,000.0% during the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock valued at $68,000 after acquiring an additional 900 shares in the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

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.