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

National Health Investors, Inc. (NYSE:NHI)’s stock price 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 traded. The stock had previously closed at $85.05.

Wall Street Analyst Weigh In

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

National Health Investors Price Performance

The company has a debt-to-equity ratio of 0.91, a current ratio of 10.27 and a quick ratio of 10.27. The stock has a market capitalization of $3.67 billion, a PE ratio of 27.89, a P/E/G ratio of 8.67 and a beta of 1.04. The company has a 50-day moving average of $76.30 and a two-hundred day moving average of $67.97.

National Health Investors (NYSE:NHI) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share 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 for the quarter, compared to analysts’ expectations of $64.95 million. During the same quarter in the previous year, the company earned $1.06 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts predict that National Health Investors, Inc. will post 4.55 EPS for the current fiscal year.

National Health Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.26%. National Health Investors’s payout ratio is 118.03%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new stake in National Health Investors during the second quarter worth about $28,000. Compass Wealth Management LLC purchased a new position in National Health Investors in the first quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new position in National Health Investors in the second quarter valued at approximately $36,000. Blue Trust Inc. grew its stake in National Health Investors by 2,651.9% during the second quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 716 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position 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 in the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

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.