National Health Investors, Inc. (NHI) Stock Rating Lowered by BidaskClub

National Health Investors, Inc. (NYSE:NHI) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday, August 9th.

Several other research analysts also recently commented on the stock. Bank of America Corporation downgraded shares of National Health Investors from a “neutral” rating to an “underperform” rating and set a $76.00 price target for the company. in a report on Monday, May 22nd. Stifel Nicolaus raised their price target on shares of National Health Investors from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, June 21st. Mizuho reaffirmed a “neutral” rating on shares of National Health Investors in a report on Wednesday, June 28th. Zacks Investment Research raised shares of National Health Investors from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Wednesday, May 10th. Finally, ValuEngine downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $79.60.

National Health Investors (NHI) traded down 0.62% during midday trading on Wednesday, reaching $78.63. The company’s stock had a trading volume of 180,659 shares. National Health Investors has a 12 month low of $66.31 and a 12 month high of $82.53. The stock has a 50-day moving average price of $77.28 and a 200 day moving average price of $75.17. The company has a market cap of $3.22 billion, a PE ratio of 20.19 and a beta of 0.56.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by $0.36. National Health Investors had a net margin of 59.24% and a return on equity of 12.56%. The firm had revenue of $69.84 million during the quarter, compared to the consensus estimate of $67.68 million. During the same period in the previous year, the business earned $1.22 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that National Health Investors will post $3.88 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in National Health Investors by 1.2% in the second quarter. Vanguard Group Inc. now owns 6,291,954 shares of the real estate investment trust’s stock valued at $498,323,000 after buying an additional 72,518 shares in the last quarter. BlackRock Inc. increased its stake in National Health Investors by 6.6% in the second quarter. BlackRock Inc. now owns 3,547,049 shares of the real estate investment trust’s stock valued at $280,927,000 after buying an additional 218,482 shares in the last quarter. Northern Trust Corp increased its stake in National Health Investors by 6.4% in the second quarter. Northern Trust Corp now owns 1,007,869 shares of the real estate investment trust’s stock valued at $79,823,000 after buying an additional 60,784 shares in the last quarter. State Street Corp increased its stake in National Health Investors by 8.5% in the second quarter. State Street Corp now owns 999,167 shares of the real estate investment trust’s stock valued at $79,133,000 after buying an additional 78,355 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in National Health Investors by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 565,542 shares of the real estate investment trust’s stock valued at $44,790,000 after buying an additional 22,697 shares in the last quarter. 69.10% of the stock is owned by institutional investors.

National Health Investors Company Profile

National Health Investors, Inc is a self-managed real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company is engaged in the business of owning and financing healthcare properties.

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