National Health Investors (NYSE:NHI) Price Target Cut to $72.00 by Analysts at Truist Financial

National Health Investors (NYSE:NHI) had its target price lowered by Truist Financial from $78.00 to $72.00 in a report issued on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on NHI. Wells Fargo & Company cut shares of National Health Investors from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $81.00 to $86.00 in a research note on Tuesday, October 1st. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Bank of America initiated coverage on National Health Investors in a research report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.33.

National Health Investors Stock Performance

NYSE NHI opened at $69.38 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The stock’s fifty day moving average is $75.55 and its two-hundred day moving average is $75.66. The firm has a market capitalization of $3.15 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 4.86 and a beta of 1.04. National Health Investors has a fifty-two week low of $51.59 and a fifty-two week high of $86.13.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.42). National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm had revenue of $63.32 million for the quarter, compared to analyst estimates of $67.93 million. During the same period in the previous year, the firm posted $1.08 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. On average, research analysts anticipate that National Health Investors will post 4.42 earnings per share for the current year.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, December 31st will be issued a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.60 annualized dividend and a yield of 5.19%. National Health Investors’s dividend payout ratio (DPR) is presently 123.71%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of National Health Investors in the third quarter valued at $27,000. Covestor Ltd grew its position in National Health Investors by 2,700.0% in the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 405 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in National Health Investors during the third quarter worth about $35,000. Loomis Sayles & Co. L P purchased a new stake in National Health Investors during the third quarter worth about $38,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of National Health Investors during the second quarter worth about $36,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.

About National Health Investors

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.