Equities Analysts Boost Earnings Estimates for National Health Investors Inc (NHI)

Equities Analysts Boost Earnings Estimates for National Health Investors Inc (NHI)

National Health Investors Inc (NYSE:NHI) – Equities researchers at SunTrust Banks boosted their FY2020 earnings estimates for National Health Investors in a report released on Tuesday, May 7th, according to Zacks Investment Research. SunTrust Banks analyst E. Fleming now expects that the real estate investment trust will earn $5.76 per share for the year, up from their prior forecast of $5.74. SunTrust Banks currently has a “Neutral” rating and a $85.00 target price on the stock.

National Health Investors (NYSE:NHI) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.83 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.48). The company had revenue of $76.11 million for the quarter, compared to analysts’ expectations of $73.21 million. National Health Investors had a net margin of 50.87% and a return on equity of 10.96%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 earnings per share.

Other equities research analysts also recently issued reports about the company. ValuEngine downgraded National Health Investors from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research raised National Health Investors from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, BMO Capital Markets downgraded National Health Investors from a “market perform” rating to an “underperform” rating and set a $78.00 price objective for the company. in a research note on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $80.17.

National Health Investors stock traded up $0.22 during mid-day trading on Friday, hitting $78.55. The company’s stock had a trading volume of 224,037 shares, compared to its average volume of 166,998. The company has a market cap of $3.38 billion, a P/E ratio of 14.33, a P/E/G ratio of 3.57 and a beta of 0.48. The company has a current ratio of 14.99, a quick ratio of 14.99 and a debt-to-equity ratio of 0.91. National Health Investors has a 52-week low of $70.54 and a 52-week high of $84.57.

Several institutional investors and hedge funds have recently bought and sold shares of NHI. ERTS Wealth Advisors LLC purchased a new stake in shares of National Health Investors during the 4th quarter worth about $25,000. Marshall Wace North America L.P. purchased a new stake in shares of National Health Investors during the 1st quarter worth about $31,000. Farmers National Bank purchased a new stake in shares of National Health Investors during the 1st quarter worth about $49,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of National Health Investors during the 4th quarter worth about $52,000. Finally, Quadrant Capital Group LLC raised its stake in shares of National Health Investors by 306.7% during the 1st quarter. Quadrant Capital Group LLC now owns 793 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 598 shares in the last quarter. 69.82% of the stock is owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, June 28th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend is Thursday, June 27th. National Health Investors’s dividend payout ratio is currently 76.64%.

About National Health Investors

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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