National Health Investors (NYSE:NHI) Rating Increased to Overweight at KeyCorp

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

Other analysts have also issued research reports about the stock. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a research note on Wednesday, July 2nd. Truist Financial upgraded shares of National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 target price for the company in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.60.

National Health Investors Stock Up 0.2%

Shares of NYSE:NHI traded up $0.16 during midday trading on Thursday, reaching $71.25. The company had a trading volume of 347,618 shares, compared to its average volume of 251,026. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55. The stock's fifty day moving average price is $72.38 and its 200-day moving average price is $71.66. The stock has a market capitalization of $3.33 billion, a P/E ratio of 22.62, a PEG ratio of 3.58 and a beta of 0.73. National Health Investors has a one year low of $65.13 and a one year high of $86.13.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 41.15% and a return on equity of 10.64%. The business's revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Equities research analysts expect that National Health Investors will post 4.41 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Monday, June 30th. National Health Investors's dividend payout ratio (DPR) is 114.29%.

Hedge Funds Weigh In On National Health Investors

Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in National Health Investors by 49.8% in the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 147 shares during the period. Loomis Sayles & Co. L P lifted its holdings in National Health Investors by 42.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 189 shares during the period. GF Fund Management CO. LTD. acquired a new stake in National Health Investors in the fourth quarter worth about $58,000. Jones Financial Companies Lllp lifted its holdings in 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 purchasing an additional 789 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in National Health Investors by 5,000.0% in the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds 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.