National Health Investors (NYSE:NHI) Price Target Raised to $65.00

National Health Investors (NYSE:NHI) had its price target raised by Truist Financial from $58.00 to $65.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price target on shares of National Health Investors from $63.00 to $69.00 and gave the company an overweight rating in a research report on Thursday, May 30th. BMO Capital Markets raised 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. StockNews.com downgraded National Health Investors from a buy rating to a hold rating in a report on Thursday, April 18th. Finally, Wedbush increased their price objective on National Health Investors from $64.00 to $66.00 and gave the stock an outperform rating in a report on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $62.13.

National Health Investors Price Performance

Shares of National Health Investors stock opened at $67.72 on Wednesday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 22.20 and a beta of 1.00. National Health Investors has a one year low of $48.51 and a one year high of $68.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 13.24 and a quick ratio of 13.24. The business’s 50 day simple moving average is $65.49 and its two-hundred day simple moving average is $59.97.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 28th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.60 annualized dividend and a dividend yield of 5.32%. National Health Investors’s dividend payout ratio is presently 118.03%.

Insiders Place Their Bets

In other National Health Investors news, Director Robert A. Mccabe, Jr. bought 437 shares of National Health Investors stock in a transaction dated Friday, May 31st. The shares were purchased at an average cost of $65.83 per share, with a total value of $28,767.71. Following the transaction, the director now directly owns 21,585 shares of the company’s stock, valued at $1,420,940.55. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.26% of the stock is owned by corporate insiders.

Institutional Trading of National Health Investors

A number of hedge funds have recently made changes to their positions in NHI. Vanguard Group Inc. raised its stake in National Health Investors by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,189,864 shares of the real estate investment trust’s stock valued at $388,909,000 after buying an additional 43,520 shares during the last quarter. Principal Financial Group Inc. boosted its stake in National Health Investors by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,870,632 shares of the real estate investment trust’s stock worth $104,475,000 after purchasing an additional 146,735 shares in the last quarter. Lasalle Investment Management Securities LLC grew its position in National Health Investors by 8.4% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 508,035 shares of the real estate investment trust’s stock valued at $31,920,000 after purchasing an additional 39,554 shares during the last quarter. Norges Bank bought a new stake in National Health Investors during the 4th quarter valued at about $25,448,000. Finally, Land & Buildings Investment Management LLC raised its holdings in National Health Investors by 81.8% in the fourth quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock worth $23,013,000 after buying an additional 185,377 shares during the last quarter. 62.51% of the stock is owned by institutional investors.

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.