National Health Investors, Inc. (NYSE:NHI)‘s stock had its “hold” rating reaffirmed by stock analysts at KeyCorp in a note issued to investors on Sunday.
A number of other research analysts also recently commented on NHI. BidaskClub raised shares of National Health Investors from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of National Health Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Mizuho reaffirmed a “neutral” rating on shares of National Health Investors in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $80.50.
Shares of National Health Investors (NHI) opened at 79.99 on Friday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 20.54 and a beta of 0.56. National Health Investors has a 12 month low of $66.31 and a 12 month high of $81.29. The company’s 50-day moving average is $78.56 and its 200-day moving average is $75.95.
National Health Investors (NYSE:NHI) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.36). National Health Investors had a net margin of 59.24% and a return on equity of 12.56%. The firm had revenue of $69.84 million for the quarter, compared to analyst estimates of $67.68 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that National Health Investors will post $3.85 earnings per share for the current fiscal year.
In related news, insider Kevin Carlton Pascoe sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $79.80, for a total transaction of $159,600.00. Following the transaction, the insider now directly owns 21,228 shares of the company’s stock, valued at $1,693,994.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.19% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in NHI. BlackRock Inc. grew its position in National Health Investors by 6,473.4% during the first quarter. BlackRock Inc. now owns 3,328,567 shares of the real estate investment trust’s stock valued at $241,753,000 after purchasing an additional 3,277,930 shares in the last quarter. Vanguard Group Inc. grew its position in National Health Investors by 3.3% during the first quarter. Vanguard Group Inc. now owns 6,219,436 shares of the real estate investment trust’s stock valued at $451,717,000 after purchasing an additional 201,133 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in National Health Investors during the first quarter valued at approximately $11,559,000. MARSHALL WACE ASIA Ltd purchased a new position in National Health Investors during the first quarter valued at approximately $6,794,000. Finally, Marshall Wace North America L.P. purchased a new position in National Health Investors during the first quarter valued at approximately $6,794,000. 70.58% of the stock is currently owned by hedge funds and other institutional investors.
National Health Investors Company Profile
National Health Investors, Inc is a self-managed real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company is engaged in the business of owning and financing healthcare properties.
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