National Health Investors (NYSE:NHI) Upgraded at Wedbush

Wedbush upgraded shares of National Health Investors (NYSE:NHI - Free Report) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Separately, Truist Financial raised National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price objective on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $85.75.

National Health Investors Stock Performance

NHI stock traded up $0.28 during trading hours on Wednesday, hitting $70.80. 123,629 shares of the stock were exchanged, compared to its average volume of 247,896. The firm has a market capitalization of $3.31 billion, a P/E ratio of 22.48, a P/E/G ratio of 4.27 and a beta of 0.73. National Health Investors has a 12 month low of $65.13 and a 12 month high of $86.13. The company has a current ratio of 16.55, a quick ratio of 16.55 and a debt-to-equity ratio of 0.88. The company has a 50-day simple moving average of $72.93 and a two-hundred day simple moving average of $71.59.

National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $68.87 million for 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 firm's revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. On average, analysts forecast that National Health Investors will post 4.41 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders 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 yield of 5.08%. The ex-dividend date is Monday, June 30th. National Health Investors's dividend payout ratio (DPR) is presently 114.29%.

Institutional Investors Weigh In On National Health Investors

A number of institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of National Health Investors in the first quarter worth about $598,000. Intech Investment Management LLC lifted its holdings in shares of National Health Investors by 21.8% in the first quarter. Intech Investment Management LLC now owns 28,578 shares of the real estate investment trust's stock worth $2,111,000 after buying an additional 5,117 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of National Health Investors by 1,728.4% in the first quarter. Jane Street Group LLC now owns 69,697 shares of the real estate investment trust's stock worth $5,148,000 after buying an additional 65,885 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of National Health Investors by 9.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,937 shares of the real estate investment trust's stock worth $18,460,000 after buying an additional 21,851 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of National Health Investors by 28.7% in the first quarter. NewEdge Advisors LLC now owns 1,546 shares of the real estate investment trust's stock worth $114,000 after buying an additional 345 shares in the last quarter. 62.51% of the stock is 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.