National Health Investors (NHI) Downgraded to Hold at Zacks Investment Research

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National Health Investors (NYSE:NHI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

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. “

A number of other brokerages also recently issued reports on NHI. BMO Capital Markets downgraded shares of National Health Investors from a “market perform” rating to an “underperform” rating and set a $78.00 price target on the stock. in a report on Wednesday, February 20th. SunTrust Banks lifted their price target on shares of National Health Investors to $85.00 and gave the company a “neutral” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. National Health Investors presently has an average rating of “Hold” and a consensus target price of $79.43.

Shares of NYSE NHI opened at $80.14 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 14.99 and a current ratio of 14.99. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 3.62 and a beta of 0.48. National Health Investors has a 52-week low of $70.54 and a 52-week high of $84.57.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.48). The company had revenue of $76.11 million during the quarter, compared to the consensus estimate of $73.21 million. National Health Investors had a net margin of 50.87% and a return on equity of 10.96%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. On average, equities analysts forecast that National Health Investors will post 5.49 earnings per share for the current year.

Large investors have recently modified their holdings of the business. UBS Oconnor LLC grew its stake in shares of National Health Investors by 29.3% in the 4th quarter. UBS Oconnor LLC now owns 70,700 shares of the real estate investment trust’s stock worth $5,341,000 after buying an additional 16,000 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of National Health Investors by 18.6% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 4,458 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 700 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of National Health Investors by 4.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,700 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 300 shares in the last quarter. Oberweis Asset Management Inc. grew its stake in shares of National Health Investors by 14.8% in the 4th quarter. Oberweis Asset Management Inc. now owns 5,440 shares of the real estate investment trust’s stock worth $411,000 after buying an additional 700 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of National Health Investors by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 64,095 shares of the real estate investment trust’s stock worth $4,842,000 after buying an additional 1,519 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

National Health Investors Company Profile

Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

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