National Health Investors Inc (NYSE:NHI)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $79.10 and traded as high as $80.38. National Health Investors shares last traded at $79.99, with a volume of 4,086 shares changing hands.
A number of brokerages recently issued reports on NHI. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. National Health Investors presently has an average rating of “Hold” and an average target price of $80.00.
The company has a fifty day moving average of $79.10. The company has a current ratio of 14.99, a quick ratio of 14.99 and a debt-to-equity ratio of 0.91. The stock has a market cap of $3.46 billion, a PE ratio of 14.61, a PEG ratio of 3.69 and a beta of 0.38.
National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.48). National Health Investors had a return on equity of 10.96% and a net margin of 50.87%. The firm had revenue of $76.11 million for the quarter, compared to analysts’ expectations of $73.21 million. During the same quarter last year, the company posted $1.35 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. Sell-side analysts forecast that National Health Investors Inc will post 5.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, June 28th will be issued a dividend of $1.05 per share. The ex-dividend date is Thursday, June 27th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.24%. National Health Investors’s dividend payout ratio (DPR) is 76.64%.
Several hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC grew its holdings in shares of National Health Investors by 3.7% during the 4th quarter. Hsbc Holdings PLC now owns 7,475 shares of the real estate investment trust’s stock worth $564,000 after acquiring an additional 266 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of National Health Investors by 4.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,000 shares of the real estate investment trust’s stock worth $550,000 after buying an additional 300 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of National Health Investors by 3.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,155 shares of the real estate investment trust’s stock worth $798,000 after buying an additional 318 shares during the last quarter. ERTS Wealth Advisors LLC purchased a new stake in shares of National Health Investors in the 4th quarter worth approximately $25,000. Finally, Advisor Group Inc. grew its stake in shares of National Health Investors by 6.5% in the 4th quarter. Advisor Group Inc. now owns 5,790 shares of the real estate investment trust’s stock worth $437,000 after buying an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 69.59% of the company’s stock.
National Health Investors Company Profile (NYSE:NHI)
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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