National Health Investors Inc (NHI) Lifted to “Buy” at Zacks Investment Research

National Health Investors Inc (NYSE:NHI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $81.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.85% from the company’s previous close.

According to Zacks, “National Health Investors, Inc. is a real estate investment trust which invests in income producing health care properties primarily in the long-term care industry. The company provides current income for distribution to stockholders through investments in health care related facilities, including long-term care facilities, acute care hospitals, medical office buildings, retirement centers and assisted living facilities. “

Separately, Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 price target on shares of National Health Investors in a research note on Tuesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. National Health Investors currently has an average rating of “Hold” and a consensus target price of $79.25.

Analyst Recommendations for National Health Investors (NYSE:NHI)

Shares of National Health Investors (NYSE:NHI) opened at 72.42 on Wednesday. National Health Investors has a 12 month low of $65.94 and a 12 month high of $82.53. The stock has a 50 day moving average of $73.14 and a 200 day moving average of $73.29. The stock has a market cap of $2.89 billion, a PE ratio of 18.71 and a beta of 0.56.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.25. National Health Investors had a net margin of 68.03% and a return on equity of 14.12%. The company had revenue of $66.39 million during the quarter, compared to the consensus estimate of $65.42 million. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts anticipate that National Health Investors will post $3.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 10th. Investors of record on Friday, March 31st will be paid a $0.95 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $3.80 dividend on an annualized basis and a yield of 5.25%. This is an increase from National Health Investors’s previous quarterly dividend of $0.90. National Health Investors’s payout ratio is currently 84.11%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Inc. AR purchased a new position in shares of National Health Investors during the third quarter worth about $200,000. Yorktown Management & Research Co Inc purchased a new position in shares of National Health Investors during the third quarter worth about $212,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of National Health Investors by 6.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,861 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 182 shares in the last quarter. Doyle Wealth Management purchased a new position in shares of National Health Investors during the first quarter worth about $227,000. Finally, Daiwa Securities Group Inc. increased its position in shares of National Health Investors by 1.7% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 55 shares in the last quarter. Institutional investors own 72.31% of the company’s stock.

About National Health Investors

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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