National Health Investors, Inc. (NYSE: NHI) Receives Consensus “Hold” Recommendation From Brokerages

National Health Investors, Inc. (NYSE: NHI – Get a rating) received an average recommendation of “Hold” by the seven research companies that cover the business, reports Marketbeat.com. One financial analyst rated the stock with a sell recommendation, four gave the company a hold recommendation and one gave the company a buy recommendation. The average 1-year price target among brokers who have rated the stock in the past year is $65.50.

A number of analysts have weighed in on NHI shares. StockNews.com began covering National Health Investors stocks in a research report on Thursday, March 31. They set a “hold” rating for the company. BMO Capital Markets downgraded shares of National Health Investors from an “outperform” rating to a “market performer” rating and set a price target of $62.00 for the company. in a research report on Tuesday, June 21. Capital One Financial assumed stock coverage from National Health Investors in a Friday, June 3 research report. They set an “overweight” rating and a price target of $64.00 for the company. Finally, Credit Suisse Group assumed coverage for National Health Investors stocks in a Wednesday, June 22 research report. They set an “underperforming” rating for the company.

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A number of large investors have recently changed their holdings in NHI. Morgan Stanley increased its stake in National Health Investors by 2.7% in the third quarter. Morgan Stanley now owns 191,461 shares of the real estate investment trust worth $10,242,000 after acquiring an additional 5,065 shares last quarter. Marshall Wace LLP bought a new position in National Health Investors during Q3 worth $426,000. Tudor Investment Corp Et Al increased its stake in National Health Investors by 102.2% in Q3. Tudor Investment Corp Et Al now owns 60,141 shares of the real estate investment trust valued at $3,218,000 after acquiring an additional 30,394 shares last quarter. Man Group plc bought a new position in National Health Investors during Q3 worth $225,000. Finally, Voloridge Investment Management LLC increased its stake in National Health Investors by 235.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 19,683 shares of the real estate investment trust valued at $1,053,000 after acquiring 13,814 additional shares last quarter. Institutional investors and hedge funds own 63.53% of the company’s shares.

NYSE NHI shares opened at $61.67 on Wednesday. The company has a 50-day simple moving average of $57.05 and a 200-day simple moving average of $56.84. The company has a market capitalization of $2.83 billion, a PE ratio of 33.52 and a beta of 0.96. National Health Investors has a 1-year low of $50.22 and a 1-year high of $69.22. The company has a debt ratio of 0.84, a current ratio of 23.40 and a quick ratio of 23.40.

National Health Investors (NYSE: NHI – Get a rating) last released its quarterly earnings data on Monday, May 9. The real estate investment trust reported earnings per share (EPS) of $0.18 for the quarter, missing analyst consensus estimates of $0.63 per ($0.45). The company posted revenue of $71.33 million in the quarter, versus a consensus estimate of $73.06 million. National Health Investors posted a net margin of 29.35% and a return on equity of 5.55%. The company’s quarterly revenue fell 11.8% from the same quarter last year. In the same quarter last year, the company achieved EPS of $1.24. As a group, research analysts expect National Health Investors to post earnings per share of 4.52 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 5. Investors of record on Thursday, June 30 will receive a dividend of $0.90. This represents a dividend of $3.60 on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Wednesday, June 29. National Health Investors’ dividend payout ratio is currently 195.65%.

National Health Investors Company Profile (Get a rating)

Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in the sale-leaseback, joint venture, mortgage and mezzanine financing of seniors’ housing and medical investments based on need and discretionary. NHI’s portfolio includes independent, assisted living and memory care communities, fee-paying retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

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Analyst Recommendations for National Healthcare Investors (NYSE: NHI)

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