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 “hold” rating to a “sell” rating in a research note issued on Tuesday, 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. “

NYSE:NHI opened at $82.70 on Tuesday. National Health Investors has a 12-month low of $70.54 and a 12-month high of $84.75. The company has a quick ratio of 14.42, a current ratio of 14.42 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $3.55 billion, a P/E ratio of 15.09, a P/E/G ratio of 3.73 and a beta of 0.33. The stock’s fifty day simple moving average is $82.06 and its 200-day simple moving average is $79.16.

National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $78.10 million during the quarter, compared to the consensus estimate of $77.64 million. During the same quarter in the prior year, the business earned $1.38 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that National Health Investors will post 5.49 earnings per share for the current year.

In other news, CIO Kevin Carlton Pascoe sold 900 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $82.46, for a total value of $74,214.00. Following the transaction, the executive now directly owns 27,826 shares in the company, valued at approximately $2,294,531.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.11% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. bought a new position in shares of National Health Investors in the 1st quarter worth $31,000. Krane Funds Advisors LLC acquired a new stake in National Health Investors during the 2nd quarter worth $58,000. Doyle Wealth Management acquired a new stake in National Health Investors during the 2nd quarter worth $78,000. Tower Research Capital LLC TRC raised its stake in National Health Investors by 648.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,259 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 1,957 shares during the period. Finally, Assetmark Inc. raised its stake in National Health Investors by 21.5% during the 2nd quarter. Assetmark Inc. now owns 2,513 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 445 shares during the period. Institutional investors and hedge funds own 69.72% 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.

See Also: What is a Leveraged Buyout (LBO)?

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