National Health Investors Inc (NYSE:NHI) – Analysts at SunTrust Banks raised their FY2020 EPS estimates for National Health Investors in a note issued to investors on Wednesday, January 15th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings of $5.78 per share for the year, up from their previous estimate of $5.70. SunTrust Banks also issued estimates for National Health Investors’ FY2021 earnings at $5.95 EPS, FY2022 earnings at $6.11 EPS, FY2023 earnings at $6.28 EPS and FY2024 earnings at $6.46 EPS.
A number of other research analysts have also weighed in on NHI. Mizuho restated a “buy” rating and issued a $95.00 target price on shares of National Health Investors in a report on Friday, December 20th. ValuEngine upgraded National Health Investors from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Zacks Investment Research lowered National Health Investors from a “hold” rating to a “sell” rating in a report on Saturday, November 9th. Finally, BMO Capital Markets upgraded National Health Investors from an “underperform” rating to a “market perform” rating and raised their target price for the company from $74.00 to $82.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $88.00.
NHI stock opened at $83.90 on Friday. National Health Investors has a twelve month low of $73.62 and a twelve month high of $86.54. The company has a quick ratio of 14.11, a current ratio of 14.11 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average is $81.25 and its 200-day moving average is $81.61. The firm has a market capitalization of $3.70 billion, a PE ratio of 23.37, a P/E/G ratio of 3.68 and a beta of 0.25.
National Health Investors (NYSE:NHI) last posted its earnings results on Thursday, November 7th. The real estate investment trust reported $0.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.42). National Health Investors had a net margin of 50.18% and a return on equity of 10.94%. The company had revenue of $81.68 million during the quarter, compared to the consensus estimate of $79.96 million. During the same quarter in the prior year, the business earned $1.39 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the company. Nuveen Asset Management LLC increased its position in shares of National Health Investors by 6,428.7% during the second quarter. Nuveen Asset Management LLC now owns 558,527 shares of the real estate investment trust’s stock valued at $43,582,000 after acquiring an additional 549,972 shares during the last quarter. Bank of America Corp DE increased its position in shares of National Health Investors by 15.7% during the second quarter. Bank of America Corp DE now owns 639,607 shares of the real estate investment trust’s stock valued at $49,909,000 after acquiring an additional 86,995 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of National Health Investors during the second quarter valued at approximately $6,780,000. Vanguard Group Inc. increased its position in shares of National Health Investors by 1.3% during the second quarter. Vanguard Group Inc. now owns 6,700,053 shares of the real estate investment trust’s stock valued at $522,805,000 after acquiring an additional 83,616 shares during the last quarter. Finally, UBS Oconnor LLC increased its position in shares of National Health Investors by 84.5% during the second quarter. UBS Oconnor LLC now owns 112,150 shares of the real estate investment trust’s stock valued at $8,751,000 after acquiring an additional 51,350 shares during the last quarter. Institutional investors own 70.55% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $1.05 dividend. The ex-dividend date is Monday, December 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.01%. National Health Investors’s dividend payout ratio is presently 76.64%.
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.
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