Zacks Investment Research Downgrades National Health Investors, Inc. (NHI) to Hold
National Health Investors, Inc. (NYSE:NHI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
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. “
A number of other research firms have also commented on NHI. KeyCorp reaffirmed a “hold” rating on shares of National Health Investors in a research note on Sunday, September 17th. BidaskClub raised shares of National Health Investors from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Capital One Financial Corporation started coverage on shares of National Health Investors in a research note on Monday, October 23rd. They issued an “equal weight” rating for the company. Mizuho reiterated a “hold” rating and issued a $82.00 target price on shares of National Health Investors in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $82.00 target price on shares of National Health Investors in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $80.14.
National Health Investors (NYSE:NHI) last posted its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.36). National Health Investors had a return on equity of 12.56% and a net margin of 59.24%. The firm had revenue of $69.84 million during the quarter, compared to analyst estimates of $67.68 million. During the same period in the prior year, the business posted $1.22 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis.
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In other news, insider Kevin Carlton Pascoe sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $79.80, for a total transaction of $159,600.00. Following the transaction, the insider now owns 21,228 shares in the company, valued at approximately $1,693,994.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.19% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Jacobi Capital Management LLC raised its holdings in shares of National Health Investors by 187.7% during the 3rd quarter. Jacobi Capital Management LLC now owns 1,827 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 1,192 shares in the last quarter. Carroll Financial Associates Inc. bought a new position in shares of National Health Investors during the 2nd quarter valued at $158,000. Yorktown Management & Research Co Inc bought a new position in shares of National Health Investors during the 2nd quarter valued at $214,000. Allegis Investment Advisors LLC bought a new position in shares of National Health Investors during the 2nd quarter valued at $216,000. Finally, Fortaleza Asset Management Inc. raised its holdings in shares of National Health Investors by 123.7% during the 3rd quarter. Fortaleza Asset Management Inc. now owns 2,740 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 1,515 shares in the last quarter. Institutional investors and hedge funds own 70.18% of the company’s stock.
About National Health Investors
National Health Investors, Inc is a self-managed real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company is engaged in the business of owning and financing healthcare properties.
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