National Health Investors (NYSE:NHI) Shares Gap Up – Still a Buy?

National Health Investors, Inc. (NYSE:NHI)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $77.15, but opened at $79.08. National Health Investors shares last traded at $78.25, with a volume of 13,983 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on National Health Investors from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Truist Financial increased their price objective on National Health Investors from $77.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 15th. National Bankshares set a $90.00 target price on National Health Investors in a report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of National Health Investors in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald began coverage on shares of National Health Investors in a report on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, National Health Investors currently has an average rating of “Buy” and a consensus price target of $84.83.

National Health Investors Trading Up 0.6%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 10.91 and a current ratio of 10.91. The stock has a market cap of $3.73 billion, a P/E ratio of 25.03, a P/E/G ratio of 3.31 and a beta of 0.74. The stock has a 50-day moving average price of $76.66 and a 200-day moving average price of $74.47.

National Health Investors (NYSE:NHI) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.08. National Health Investors had a net margin of 40.97% and a return on equity of 10.32%. The business had revenue of $83.36 million for the quarter, compared to the consensus estimate of $85.66 million. During the same period last year, the firm posted $1.03 earnings per share. National Health Investors’s quarterly revenue was down 1.8% on a year-over-year basis. National Health Investors has set its FY 2025 guidance at 4.880-4.91 EPS. On average, equities research analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, December 31st. National Health Investors’s dividend payout ratio is currently 116.09%.

Hedge Funds Weigh In On National Health Investors

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of National Health Investors by 244.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 406 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 288 shares in the last quarter. Smartleaf Asset Management LLC grew its position in National Health Investors by 49.8% during the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 147 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of National Health Investors during the third quarter worth approximately $65,000. Triumph Capital Management purchased a new position in shares of National Health Investors during the third quarter worth approximately $66,000. Finally, Assetmark Inc. lifted its holdings in shares of National Health Investors by 19.0% in the 2nd quarter. Assetmark Inc. now owns 925 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 148 shares during the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

About National Health Investors

Incorporated in 1991, National Health Investors, Inc (NYSE:NHI) is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.