National Health Investors (NYSE:NHI) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of National Health Investors (NYSE:NHI) from a buy rating to a hold rating in a report released on Thursday.

Other analysts also recently issued reports about the stock. Truist Financial lifted their price objective on shares of National Health Investors from $55.00 to $58.00 and gave the company a hold rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of National Health Investors in a research report on Tuesday, January 30th. They issued a buy rating and a $69.00 price objective on the stock. Wedbush raised their target price on shares of National Health Investors from $64.00 to $66.00 and gave the company an outperform rating in a research note on Monday, March 18th. BMO Capital Markets raised shares of National Health Investors from a market perform rating to an outperform rating and set a $67.00 target price on the stock in a research note on Tuesday, March 12th. Finally, Wells Fargo & Company raised shares of National Health Investors from an equal weight rating to an overweight rating and raised their target price for the company from $55.00 to $63.00 in a research note on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, National Health Investors presently has a consensus rating of Hold and an average price target of $60.50.

National Health Investors Trading Up 1.4 %

Shares of NYSE:NHI opened at $60.41 on Thursday. The company has a market cap of $2.62 billion, a PE ratio of 19.30 and a beta of 0.95. The company’s 50-day moving average price is $58.64 and its 200 day moving average price is $55.23. National Health Investors has a fifty-two week low of $47.54 and a fifty-two week high of $62.93. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.90.

National Health Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 28th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.60 annualized dividend and a dividend yield of 5.96%. National Health Investors’s dividend payout ratio is currently 115.02%.

Insiders Place Their Bets

In other news, Director Charlotte A. Swafford bought 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $58.69 per share, for a total transaction of $586,900.00. Following the completion of the acquisition, the director now directly owns 110,185 shares in the company, valued at approximately $6,466,757.65. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 7.26% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Compass Wealth Management LLC acquired a new position in shares of National Health Investors in the first quarter worth about $30,000. Lazard Asset Management LLC acquired a new stake in shares of National Health Investors during the second quarter worth approximately $32,000. International Assets Investment Management LLC acquired a new stake in shares of National Health Investors during the third quarter worth approximately $38,000. Advisory Services Network LLC boosted its holdings in shares of National Health Investors by 71.8% during the first quarter. Advisory Services Network LLC now owns 737 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 308 shares during the period. Finally, Baystate Wealth Management LLC acquired a new stake in shares of National Health Investors during the fourth quarter worth approximately $39,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Company Profile

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.