Zacks Investment Research Downgrades National Health Investors (NYSE:NHI) to Hold

National Health Investors (NYSE:NHI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “National Health Investors, Inc. is a real estate investment trust which invests in income producing health care properties primarily in the long-term care industry. The company provides current income for distribution to stockholders through investments in health care related facilities, including long-term care facilities, acute care hospitals, medical office buildings, retirement centers and assisted living facilities. “

Shares of NYSE NHI opened at $82.10 on Wednesday. The firm’s 50-day simple moving average is $79.71 and its 200 day simple moving average is $79.00. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 3.74 and a beta of 0.37. The company has a quick ratio of 14.99, a current ratio of 14.42 and a debt-to-equity ratio of 1.04. National Health Investors has a 12-month low of $70.54 and a 12-month high of $84.57.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.45). The company had revenue of $78.10 million for the quarter, compared to analyst estimates of $77.64 million. National Health Investors had a return on equity of 11.00% and a net margin of 50.71%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. On average, equities analysts expect that National Health Investors will post 5.49 earnings per share for the current year.

In related news, CIO Kevin Carlton Pascoe sold 900 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $82.46, for a total transaction of $74,214.00. Following the transaction, the executive now owns 27,826 shares in the company, valued at approximately $2,294,531.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.11% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in NHI. Geode Capital Management LLC lifted its holdings in shares of National Health Investors by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 438,543 shares of the real estate investment trust’s stock valued at $33,127,000 after purchasing an additional 23,375 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in shares of National Health Investors by 15.3% in the first quarter. Eqis Capital Management Inc. now owns 7,552 shares of the real estate investment trust’s stock valued at $593,000 after purchasing an additional 1,002 shares in the last quarter. Brinker Capital Inc. purchased a new stake in shares of National Health Investors in the first quarter valued at about $202,000. Virginia Retirement Systems ET AL lifted its holdings in shares of National Health Investors by 3.1% in the first quarter. Virginia Retirement Systems ET AL now owns 110,200 shares of the real estate investment trust’s stock valued at $8,656,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Pettee Investors Inc. purchased a new stake in shares of National Health Investors in the first quarter valued at about $1,050,000. 70.14% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: How Do Front-End Loads Impact an Investment?

Get a free copy of the Zacks research report on National Health Investors (NHI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for National Health Investors (NYSE:NHI)

Receive News & Ratings for National Health Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Health Investors and related companies with MarketBeat.com's FREE daily email newsletter.