National Health Investors (NYSE:NHI – Get Rating) updated its earnings guidance for fiscal 2022 on Monday. The company provided EPS guidance of $4.32 to $4.42 for the period. The company released a revenue forecast of -.
Several equity analysts have recently commented on the stock. Capital One Financial assumed coverage for National Health Investors stock in a report released Friday. They set an overweight rating and a target price of $64.00 on the stock. BMO Capital Markets cut its price target on National Health Investors stock from $63.00 to $61.00 and set an outperformance rating for the stock in a Tuesday, April 19 report. StockNews.com launched coverage on National Health Investors stocks in a research report on Thursday, March 31. They set a holding rating for the company. Finally, Zacks Investment Research moved shares of National Health Investors from a strong sell rating to a hold rating in a Friday, May 13 research report. One equity research analyst has assigned the stock a sell rating, four have assigned a hold rating and two have assigned the stock a buy rating. According to data from MarketBeat.com, National Health Investors currently has an average Hold rating and an average target price of $62.40.
NYSE NHI shares opened at $59.20 on Monday. National Health Investors has a 1-year low of $50.22 and a 1-year high of $69.23. The stock has a market capitalization of $2.71 billion, a P/E ratio of 32.17 and a beta of 0.96. The company has a 50-day moving average of $55.97 and a 200-day moving average of $56.17. The company has a debt ratio of 0.84, a current ratio of 23.40 and a quick ratio of 23.40.
National Health Investors (NYSE:NHI – Get Rating) last released quarterly earnings data on Monday, May 9. The real estate investment trust reported earnings per share of $0.18 for the quarter, missing analyst consensus estimates of $0.63 per ($0.45). The company posted revenue of $71.33 million for the quarter, versus a consensus estimate of $73.06 million. National Health Investors posted a net margin of 29.35% and a return on equity of 5.55%. The company’s revenue for the quarter was down 11.8% from the same quarter last year. In the same quarter a year earlier, the company posted earnings of $1.24 per share. Research analysts expect National Health Investors to post earnings per share of 4.45 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 5. Shareholders of record on Thursday, June 30 will receive a dividend of $0.90 per share. The ex-dividend date is Wednesday, June 29. This represents a dividend of $3.60 on an annualized basis and a yield of 6.08%. National Health Investors’ dividend payout ratio is currently 195.65%.
A number of large investors have recently increased or reduced their stake in NHI. Morgan Stanley increased its stake in National Health Investors shares by 25.1% in the second quarter. Morgan Stanley now owns 186,396 shares of the real estate investment trust worth $12,497,000 after acquiring an additional 37,450 shares during the period. Jane Street Group LLC purchased a new stake in National Health Investors stock in the third quarter for a value of approximately $966,000. LPL Financial LLC increased its stake in shares of National Health Investors by 23.9% in the fourth quarter. LPL Financial LLC now owns 8,242 shares of the real estate investment trust worth $474,000 after acquiring an additional 1,589 shares during the period. MML Investors Services LLC increased its stake in National Health Investors shares by 8.7% in the fourth quarter. MML Investors Services LLC now owns 5,336 shares of the real estate investment trust worth $307,000 after acquiring an additional 427 shares during the period. Finally, Millennium Management LLC increased its stake in the shares of National Health Investors by 346.2% in the fourth quarter. Millennium Management LLC now owns 153,129 shares of the real estate investment trust worth $8,800,000 after acquiring an additional 118,811 shares during the period. Institutional investors and hedge funds own 63.53% of the company’s shares.
About National Health Investors (Get an evaluation)
Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in the sale-leaseback, joint venture, mortgage and mezzanine financing of seniors’ housing and medical investments based on need and discretionary. NHI’s portfolio includes independent, assisted living and memory care communities, fee-paying retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.
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