National Health Investors, Inc. (NYSE:NHI) Receives $84.83 Consensus Price Target from Analysts

National Health Investors, Inc. (NYSE:NHI) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $84.8333.

NHI has been the topic of several research analyst reports. National Bankshares set a $90.00 price objective on shares of National Health Investors in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price target on shares of National Health Investors from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Truist Financial raised their price objective on shares of National Health Investors from $77.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Health Investors in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald initiated coverage on National Health Investors in a research note on Wednesday, October 1st. They set an “overweight” rating and a $90.00 target price on the stock.

Hedge Funds Weigh In On National Health Investors

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in National Health Investors by 244.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 406 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 288 shares during the period. Smartleaf Asset Management LLC raised its position in shares of National Health Investors by 49.8% in the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 147 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of National Health Investors in the third quarter valued at approximately $65,000. Triumph Capital Management acquired a new stake in National Health Investors during the third quarter worth approximately $66,000. Finally, Assetmark Inc. increased its stake in National Health Investors by 19.0% during the 2nd quarter. Assetmark Inc. now owns 925 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 148 shares during the period. 62.51% of the stock is owned by institutional investors.

National Health Investors Stock Performance

NHI opened at $78.37 on Wednesday. The company has a quick ratio of 10.91, a current ratio of 10.91 and a debt-to-equity ratio of 0.75. National Health Investors has a 12-month low of $65.13 and a 12-month high of $80.56. The business has a 50 day moving average of $76.67 and a 200-day moving average of $74.44. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 3.31 and a beta of 0.74.

National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.08. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%.The business had revenue of $83.36 million for the quarter, compared to analysts’ expectations of $85.66 million. During the same quarter in the prior year, the business earned $1.03 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. National Health Investors has set its FY 2025 guidance at 4.880-4.91 EPS. On average, equities research analysts expect that National Health Investors will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.7%. National Health Investors’s dividend payout ratio (DPR) is currently 116.09%.

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.