National Health Investors (NYSE:NHI) Earns “Outperform” Rating from Wedbush

National Health Investors (NYSE:NHI)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a report issued on Monday,Benzinga reports. They currently have a $88.00 price objective on the real estate investment trust’s stock. Wedbush’s price target indicates a potential upside of 16.87% from the stock’s previous close.

Separately, Truist Financial reduced their target price on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.50.

National Health Investors Stock Up 2.6 %

Shares of NYSE:NHI opened at $75.30 on Monday. The company’s fifty day moving average is $69.57 and its 200-day moving average is $74.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors has a 52 week low of $57.80 and a 52 week high of $86.13. The company has a market capitalization of $3.44 billion, a PE ratio of 25.87, a P/E/G ratio of 4.42 and a beta of 1.08.

National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $85.75 million during the quarter, compared to analysts’ expectations of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. Equities research analysts predict that National Health Investors will post 4.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Health Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of National Health Investors by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust’s stock valued at $445,128,000 after purchasing an additional 102,012 shares during the period. Principal Financial Group Inc. lifted its position in shares of National Health Investors by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock worth $114,242,000 after purchasing an additional 82,825 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of National Health Investors by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,113,771 shares of the real estate investment trust’s stock worth $77,201,000 after purchasing an additional 19,201 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in National Health Investors by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock worth $60,765,000 after purchasing an additional 24,462 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in National Health Investors by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 634,430 shares of the real estate investment trust’s stock valued at $43,966,000 after purchasing an additional 20,631 shares in the last quarter. 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.