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

National Health Investors, Inc. (NYSE:NHI) has received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $62.13.

Several research analysts recently commented on NHI shares. Wells Fargo & Company boosted their price objective on shares of National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Truist Financial boosted their target price on National Health Investors from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th.

National Health Investors Stock Performance

Shares of National Health Investors stock opened at $73.39 on Tuesday. National Health Investors has a one year low of $48.51 and a one year high of $74.36. The company has a market capitalization of $3.19 billion, a PE ratio of 24.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 13.24 and a current ratio of 13.24. The company has a 50-day simple moving average of $67.63 and a two-hundred day simple moving average of $61.65.

National Health Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 28th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.60 annualized dividend and a yield of 4.91%. National Health Investors’s payout ratio is presently 118.03%.

Insider Transactions at National Health Investors

In other news, Director Robert A. Mccabe, Jr. bought 437 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average price of $65.83 per share, for a total transaction of $28,767.71. Following the completion of the transaction, the director now directly owns 21,585 shares in the company, valued at $1,420,940.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in National Health Investors during the 4th quarter worth about $25,448,000. Waterfront Capital Partners LLC acquired a new position in National Health Investors in the fourth quarter valued at approximately $21,863,000. Land & Buildings Investment Management LLC boosted its position in National Health Investors by 81.8% in the 4th quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock worth $23,013,000 after purchasing an additional 185,377 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of National Health Investors by 21,963.3% during the 2nd quarter. Sound Income Strategies LLC now owns 153,119 shares of the real estate investment trust’s stock worth $10,371,000 after purchasing an additional 152,425 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of National Health Investors by 8.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,870,632 shares of the real estate investment trust’s stock worth $104,475,000 after purchasing an additional 146,735 shares during the period. Hedge funds and other institutional investors own 62.51% of the company’s stock.

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.