National Health Investors, Inc. (NYSE:NHI) Given Average Rating of "Moderate Buy" by Brokerages

Shares of National Health Investors, Inc. (NYSE:NHI - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $60.50.

NHI has been the subject of a number of recent analyst reports. Wedbush upped their target price on National Health Investors from $64.00 to $66.00 and gave the company an "outperform" rating in a report on Monday, March 18th. Wells Fargo & Company upgraded National Health Investors from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $55.00 to $63.00 in a report on Monday, February 26th. StockNews.com downgraded National Health Investors from a "buy" rating to a "hold" rating in a report on Thursday, April 18th. BMO Capital Markets upgraded National Health Investors from a "market perform" rating to an "outperform" rating and set a $67.00 price objective for the company in a report on Tuesday, March 12th. Finally, Truist Financial increased their price objective on National Health Investors from $55.00 to $58.00 and gave the stock a "hold" rating in a report on Thursday, April 4th.

National Health Investors Trading Up 1.6 %

Shares of National Health Investors stock traded up $1.04 during midday trading on Thursday, reaching $64.44. 149,819 shares of the company's stock traded hands, compared to its average volume of 169,644. The company has a debt-to-equity ratio of 0.90, a quick ratio of 10.27 and a current ratio of 10.27. The company has a market cap of $2.80 billion, a PE ratio of 20.27 and a beta of 0.95. The stock has a 50 day moving average of $60.27 and a 200-day moving average of $56.00. National Health Investors has a 12 month low of $47.54 and a 12 month high of $64.63.

National Health Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.60 annualized dividend and a dividend yield of 5.59%. National Health Investors's payout ratio is presently 115.02%.

Insider Activity

In other National Health Investors news, Director Charlotte A. Swafford acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $58.69 per share, with a total value of $586,900.00. Following the completion of the transaction, the director now directly owns 110,185 shares of the company's stock, valued at approximately $6,466,757.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.26% of the company's stock.

Institutional Investors Weigh In On National Health Investors

Several institutional investors have recently modified their holdings of NHI. SG Americas Securities LLC boosted its position in National Health Investors by 497.1% in the third quarter. SG Americas Securities LLC now owns 19,173 shares of the real estate investment trust's stock worth $985,000 after purchasing an additional 15,962 shares during the last quarter. State of Alaska Department of Revenue increased its stake in National Health Investors by 1.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,817 shares of the real estate investment trust's stock worth $1,017,000 after acquiring an additional 268 shares during the last quarter. Redmont Wealth Advisors LLC increased its stake in National Health Investors by 7.7% in the 3rd quarter. Redmont Wealth Advisors LLC now owns 10,454 shares of the real estate investment trust's stock worth $537,000 after acquiring an additional 747 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in National Health Investors by 5.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,944 shares of the real estate investment trust's stock worth $1,127,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of National Health Investors in the 3rd quarter worth approximately $308,000. 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.