In yesterday’s Wall Street session, National Health Investors Inc. (NYSE:NHI) shares traded at $52.22, up 0.21% from the previous session.
As we calculate the median target price by taking the range between a high of $68.00 and a low of $58.00, we find $59.50. Given the previous closing price of $52.11, this indicates a potential upside of 14.18 percent. NHI stock price is now -5.46% away from the 50-day moving average and -10.47% away from the 200-day moving average. The market capitalization of the company currently stands at $2.26B.
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Brokers who have rated the stock have averaged $61.50 as their price target over the next twelve months.
With the price target enhanced from $47 to $58, Credit Suisse Upgraded its rating from Underperform to Neutral for National Health Investors Inc. (NYSE: NHI). On June 21, 2022, BMO Capital Markets Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $62, while ‘CapitalOne’ rates the stock as ‘Overweight’.
In other news, ADAMS ROBERT G, Director bought 1,000 shares of the company’s stock on Dec 14. The stock was bought for $56,600 at an average price of $56.60. Upon completion of the transaction, the Director now directly owns 180,548 shares in the company, valued at $9.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, Director ADAMS ROBERT G bought 1,500 shares of the business’s stock. A total of $98,895 was incurred on buying the stock at an average price of $65.93. This leaves the insider owning 85,411 shares of the company worth $4.46 million. Insiders disposed of 16,065 shares of company stock worth roughly $0.84 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NHI stock. A new stake in National Health Investors Inc. shares was purchased by MESIROW INSTITUTIONAL INVESTMENT MANAGEMENT, INC. during the first quarter worth $6,622,000. TWO SIGMA INVESTMENTS, LP invested $3,038,000 in shares of NHI during the first quarter. In the first quarter, WEISS MULTI-STRATEGY ADVISERS LLC acquired a new stake in National Health Investors Inc. valued at approximately $2,329,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in NHI for approximately $2,065,000. HRT FINANCIAL LP purchased a new stake in NHI valued at around $1,040,000 in the second quarter. In total, there are 336 active investors with 64.80% ownership of the company’s stock.
On Friday morning National Health Investors Inc. (NYSE: NHI) stock kicked off with the opening price of $51.83. During the past 12 months, National Health Investors Inc. has had a low of $50.22 and a high of $67.16. The fifty day moving average price for NHI is $55.19 and a two-hundred day moving average price translates $58.30 for the stock.
The latest earnings results from National Health Investors Inc. (NYSE: NHI) was released for Jun, 2022. According to the REIT – Healthcare Facilities Company, earnings per share came in at $0.47, missing analysts’ expectations of $0.73 by -0.26. This compares to $0.67 EPS in the same period last year. The net profit margin was 25.60% and return on equity was 5.00% for NHI. The company reported revenue of $76.3 million for the quarter, compared to $73.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.34 percent. For the current quarter, analysts expect NHI to generate $74.7M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/27/2023. Investors who held shares on 12/30/2022 were paid a $0.90 dividend. On an annualized basis, this represents a $3.60 dividend and a 6.89% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, NHI is presently at 228.40%.
National Health Investors Inc.(NHI) 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.
