National Health Investors (NYSE:NHI) Downgraded by Wells Fargo & Company

Wells Fargo & Company downgraded shares of National Health Investors (NYSE:NHI) from an overweight rating to an equal weight rating in a report published on Tuesday morning, Marketbeat reports. The firm currently has $86.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $81.00.

Several other equities analysts also recently issued reports on the stock. Bank of America initiated coverage on shares of National Health Investors in a research note on Tuesday, September 24th. They set a buy rating and a $92.00 price objective on the stock. Truist Financial raised their price objective on National Health Investors from $65.00 to $78.00 and gave the stock a hold rating in a report on Friday, August 30th. Finally, StockNews.com upgraded National Health Investors from a hold rating to a buy rating in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $73.29.

National Health Investors Stock Down 0.9 %

National Health Investors stock opened at $81.63 on Tuesday. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 8.86 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 10.27 and a current ratio of 10.27. National Health Investors has a fifty-two week low of $48.51 and a fifty-two week high of $86.13. The stock’s fifty day moving average is $79.37 and its two-hundred day moving average is $70.20.

National Health Investors (NYSE:NHI) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). The business had revenue of $84.97 million for the quarter, compared to analyst estimates of $64.95 million. National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 EPS. Analysts predict that National Health Investors will post 4.55 EPS for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Friday, September 27th. National Health Investors’s dividend payout ratio is presently 118.03%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC purchased a new stake in shares of National Health Investors during the second quarter valued at approximately $28,000. Compass Wealth Management LLC acquired a new position in National Health Investors in the 1st quarter worth $30,000. International Assets Investment Management LLC purchased a new position in National Health Investors in the 2nd quarter valued at about $36,000. Blue Trust Inc. grew its stake in shares of 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 valued at $47,000 after acquiring an additional 716 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of National Health Investors by 66.2% during 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 during the last quarter. 62.51% of the stock is owned by hedge funds and other 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.