Zacks Investment Research lowered shares of National Health Investors (NYSE:NHI) from a buy rating to a hold rating in a report published on Tuesday.

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. “

NHI has been the subject of several other research reports. Capital One Financial raised shares of National Health Investors from an equal weight rating to an overweight rating in a research note on Friday, May 11th. Cantor Fitzgerald upped their target price on shares of National Health Investors from $75.00 to $80.00 and gave the company a neutral rating in a research note on Wednesday, August 8th. Wells Fargo & Co set a $75.00 target price on shares of National Health Investors and gave the company a market perform rating in a research note on Thursday, May 31st. They noted that the move was a valuation call. SunTrust Banks reaffirmed a hold rating and issued a $79.00 target price on shares of National Health Investors in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Finally, Stifel Nicolaus set a $83.00 target price on shares of National Health Investors and gave the company a buy rating in a research note on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. National Health Investors has a consensus rating of Hold and an average price target of $75.44.

Shares of NHI traded up $0.13 on Tuesday, reaching $78.69. 1,316 shares of the company’s stock were exchanged, compared to its average volume of 216,577. The company has a debt-to-equity ratio of 0.90, a current ratio of 15.56 and a quick ratio of 15.56. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 3.30 and a beta of 0.43. National Health Investors has a 12 month low of $62.71 and a 12 month high of $81.60.

National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). National Health Investors had a net margin of 53.16% and a return on equity of 11.49%. The firm had revenue of $72.96 million during the quarter, compared to the consensus estimate of $73.80 million. analysts expect that National Health Investors will post 5.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Friday, September 28th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Thursday, September 27th. National Health Investors’s dividend payout ratio is 75.05%.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of National Health Investors by 4.7% during the second quarter. BlackRock Inc. now owns 4,026,546 shares of the real estate investment trust’s stock worth $296,676,000 after acquiring an additional 182,378 shares in the last quarter. Northern Trust Corp increased its position in shares of National Health Investors by 3.0% during the first quarter. Northern Trust Corp now owns 1,029,193 shares of the real estate investment trust’s stock worth $69,254,000 after acquiring an additional 29,566 shares in the last quarter. Millennium Management LLC increased its position in shares of National Health Investors by 12.1% during the first quarter. Millennium Management LLC now owns 731,705 shares of the real estate investment trust’s stock worth $49,236,000 after acquiring an additional 78,703 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of National Health Investors by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 638,621 shares of the real estate investment trust’s stock worth $47,055,000 after acquiring an additional 8,904 shares in the last quarter. Finally, Hamlin Capital Management LLC increased its position in shares of National Health Investors by 39.8% during the second quarter. Hamlin Capital Management LLC now owns 625,250 shares of the real estate investment trust’s stock worth $46,068,000 after acquiring an additional 178,110 shares in the last quarter. 70.67% of the stock is owned by 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: Outstanding Shares and The Effect on Share Price

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