Shares of National Health Investors Inc (NYSE:NHI) have been assigned an average rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $80.17.
Separately, Zacks Investment Research raised shares of National Health Investors from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Tuesday.
Shares of NHI stock traded up $1.07 during mid-day trading on Wednesday, hitting $80.75. The stock had a trading volume of 63,452 shares, compared to its average volume of 176,840. National Health Investors has a 12-month low of $70.54 and a 12-month high of $84.57. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 3.64 and a beta of 0.37. The stock has a 50-day moving average of $79.39. The company has a quick ratio of 14.99, a current ratio of 14.99 and a debt-to-equity ratio of 0.91.
Several large investors have recently bought and sold shares of NHI. Norges Bank bought a new stake in shares of National Health Investors in the 4th quarter valued at about $37,028,000. Hamlin Capital Management LLC raised its stake in shares of National Health Investors by 32.9% during the 2nd quarter. Hamlin Capital Management LLC now owns 716,556 shares of the real estate investment trust’s stock worth $55,913,000 after acquiring an additional 177,580 shares in the last quarter. Deutsche Bank AG raised its stake in shares of National Health Investors by 62.5% during the 4th quarter. Deutsche Bank AG now owns 207,051 shares of the real estate investment trust’s stock worth $15,636,000 after acquiring an additional 79,647 shares in the last quarter. American Century Companies Inc. raised its stake in shares of National Health Investors by 99.8% during the 4th quarter. American Century Companies Inc. now owns 149,363 shares of the real estate investment trust’s stock worth $11,283,000 after acquiring an additional 74,604 shares in the last quarter. Finally, Barings LLC raised its stake in shares of National Health Investors by 30.9% during the 1st quarter. Barings LLC now owns 255,401 shares of the real estate investment trust’s stock worth $20,062,000 after acquiring an additional 60,332 shares in the last quarter. Institutional investors and hedge funds own 69.92% 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-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.
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