Huntington Begins Coverage on National Health Investors (NYSE:NHI)

Equities researchers at Huntington assumed coverage on shares of National Health Investors (NYSE:NHI – Get Free Report) in a report issued on Monday, Zacks reports. The brokerage set a “strong-buy” rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. National Bank Financial set a $79.00 price objective on shares of National Health Investors in a research report on Wednesday, September 9th. Wells Fargo & Company lowered their target price on shares of National Health Investors from $78.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Zacks Research raised shares of National Health Investors from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. Weiss Ratings downgraded shares of National Health Investors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Finally, BMO Capital Markets restated an “outperform” rating on shares of National Health Investors in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.00.

Read Our Latest Analysis on NHI

National Health Investors Stock Performance

NYSE:NHI opened at $67.96 on Monday. The business’s fifty day moving average is $67.74 and its 200 day moving average is $76.08. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 4.77, a PEG ratio of 4.54 and a beta of 0.51. The company has a debt-to-equity ratio of 0.81, a quick ratio of 6.78 and a current ratio of 6.78. National Health Investors has a 52-week low of $63.51 and a 52-week high of $91.38.

National Health Investors (NYSE:NHI – Get Free Report) last issued its earnings results on Monday, November 9th. The real estate investment trust reported $11.47 EPS for the quarter, topping the consensus estimate of $1.18 by $10.29. National Health Investors had a return on equity of 45.12% and a net margin of 152.82%. The business had revenue of $113.48 million during the quarter, compared to the consensus estimate of $68.53 million. Research analysts predict that National Health Investors will post 4.76 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC lifted its position in National Health Investors by 4.1% during the third quarter. Private Advisor Group LLC now owns 15,791 shares of the real estate investment trust’s stock valued at $1,036,000 after purchasing an additional 620 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of National Health Investors by 37.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 227,035 shares of the real estate investment trust’s stock worth $14,891,000 after buying an additional 61,326 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of National Health Investors in the 3rd quarter worth $754,000. HighTower Advisors LLC bought a new position in shares of National Health Investors in the 3rd quarter worth $276,000. Finally, Allworth Financial LP raised its position in shares of National Health Investors by 91.0% during the 3rd quarter. Allworth Financial LP now owns 1,058 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 504 shares in the last quarter. 62.51% of the stock is currently owned by institutional investors.

National Health Investors News Roundup

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About National Health Investors

(Get Free Report)

National Health Investors, Inc. (NYSE: NHI) is a real estate investment trust that owns and finances properties used for senior housing and health care. Founded in 1991, the company is headquartered in Murfreesboro, Tennessee. NHI’s portfolio includes senior housing communities, such as independent living, assisted living and memory care properties, as well as skilled nursing facilities. It typically works with health care operators through property leases and mortgage loans. The company serves markets across the United States.

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