National Health Investors (NYSE:NHI) Sets New 12-Month High at $86.00

National Health Investors, Inc. (NYSE:NHI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $86.00 and last traded at $85.54, with a volume of 4867 shares. The stock had previously closed at $85.05.

Analyst Ratings Changes

A number of research analysts have recently commented on NHI shares. Truist Financial boosted their price target on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research report on Friday, August 30th. StockNews.com raised National Health Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company boosted their price objective on National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.75.

National Health Investors Stock Performance

The company has a 50 day moving average of $76.62 and a two-hundred day moving average of $68.16. The company has a market capitalization of $3.68 billion, a PE ratio of 27.78, a PEG ratio of 8.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 10.27 and a quick ratio of 10.27.

National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The company had revenue of $84.97 million during the quarter, compared to analysts’ expectations of $64.95 million. During the same period in the prior year, the firm earned $1.06 EPS. National Health Investors’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that National Health Investors, Inc. will post 4.55 earnings per share for the current year.

National Health Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Friday, September 27th. National Health Investors’s dividend payout ratio (DPR) is 118.03%.

Institutional Trading of National Health Investors

A number of institutional investors have recently made changes to their positions in the stock. Compass Wealth Management LLC bought a new position in National Health Investors during the first quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new position in shares of National Health Investors in the 2nd quarter worth $36,000. Blue Trust Inc. grew its holdings in shares of National Health Investors by 2,651.9% in the second quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 716 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of National Health Investors by 66.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 1,033 shares during the period. Finally, Shayne & Jacobs LLC purchased a new stake in National Health Investors during the second quarter valued at $210,000. Hedge funds and other institutional investors own 62.51% 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, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.