National Health Investors (NYSE:NHI) Stock Rating Lowered by 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 research 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. “

Shares of NHI opened at $82.10 on Wednesday. The firm’s 50 day moving average is $79.71 and its 200-day moving average is $79.00. The stock has a market capitalization of $3.56 billion, a P/E ratio of 14.98, a P/E/G ratio of 3.74 and a beta of 0.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 14.42 and a quick ratio of 14.99. National Health Investors has a 12-month low of $70.54 and a 12-month high of $84.57.

National Health Investors (NYSE:NHI) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.92 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.45). National Health Investors had a return on equity of 11.00% and a net margin of 50.71%. The firm had revenue of $78.10 million during the quarter, compared to analyst estimates of $77.64 million. During the same quarter in the previous year, the business earned $1.38 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that National Health Investors will post 5.49 EPS for the current fiscal year.

In other National Health Investors news, CIO Kevin Carlton Pascoe sold 900 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $82.46, for a total value of $74,214.00. Following the completion of the transaction, the executive now directly owns 27,826 shares in the company, valued at $2,294,531.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.11% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in NHI. Daiwa Securities Group Inc. boosted its holdings in shares of National Health Investors by 2.9% during the second quarter. Daiwa Securities Group Inc. now owns 7,200 shares of the real estate investment trust’s stock worth $562,000 after purchasing an additional 200 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of National Health Investors by 0.9% during the second quarter. Commonwealth Equity Services LLC now owns 26,425 shares of the real estate investment trust’s stock worth $2,061,000 after purchasing an additional 235 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of National Health Investors by 4.1% during the second quarter. Envestnet Asset Management Inc. now owns 7,285 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 288 shares during the period. Janney Montgomery Scott LLC lifted its stake in National Health Investors by 3.2% in the first quarter. Janney Montgomery Scott LLC now owns 10,155 shares of the real estate investment trust’s stock valued at $798,000 after acquiring an additional 318 shares during the last quarter. Finally, Family Legacy Inc. lifted its stake in National Health Investors by 2.0% in the second quarter. Family Legacy Inc. now owns 17,173 shares of the real estate investment trust’s stock valued at $1,340,000 after acquiring an additional 343 shares during the last quarter. Institutional investors own 70.14% 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-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.

Read More: What is Cost of Goods Sold (COGS)?

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