The Fly reports that in a study published on Monday, investment analysts at Truist Financial lowered their price objective for National Health Investors (NYSE: NHI) from $64.00 to $61.00. According to Truist Financial’s goal, the value of the stock could go up by 2.97 percent from its current price.
Other research analysts have recently produced research papers about the stock as well. Credit Suisse Group started covering National Health Investors’ stock on June 22. The shares were rated as “underperform” by them. Shares of National Health Investors were downgraded by BMO Capital Markets from “outperform” to “market perform” in a report issued on Tuesday, June 21. The firm set a $62.00 price objective on the stock. Finally, Capital One Financial began covering National Health Investors shares in a research note on Friday, June 3. They assigned the company an “overweight” rating and a $64 price target. Along with two holdings and one selling recommendation, three stock research experts have suggested that investors buy the company’s stock. According to data from Bloomberg.com, National Health Investors currently has an average “Hold” rating with a consensus target price of $59.50.
On Monday, the stock of NHI opened at $59.24. The stock price has a 52-week low of $50.22 and a 52-week high of $67.16. The company’s debt-to-equity ratio is 0.79, along with its quick and current ratio, which is 12.92. The company’s two hundred and fifty-day moving averages are $59.95 and $64.20, respectively. The stock has a $2.65 billion market value, a PE ratio of 40.58, and a beta of 0.86.
Other National Health Investors news includes that director Robert G. Adams bought 1,500 shares of the company’s stock on August 15. A total of $98,895.00, or an average price of $65.93 per share, was paid for the stock. As a result, the director owns 85,411 company shares with an aggregate market value of approximately $5,631,147.23. You can access the Securities & Exchange Commission filing where the transaction was disclosed by clicking this link. Insiders of the business presently own 7.26% of the stock.
Significant investors recently modified the percentage of the business they own. The Teacher Retirement System of Texas grew its holding in National Health Investors by 7.3% during the first quarter. The Teacher Retirement System of Texas now owned 8,955 shares of the real estate investment trust, valued at $528,000 as of Thursday, after acquiring an additional 607 shares throughout the period. GSA Capital Partners LLP increased its stake in National Health Investors by $573,000 in the fourth quarter. Aigen Investment Management LP started a new $289,000 position in National Health Investors during the first quarter. TCI Wealth Advisors Inc. boosted its stake in National Health Investors by 566.0% during the first quarter. TCI Wealth Advisors Inc. now owns 706 real estate investment trust shares worth $42,000 after acquiring an additional 600 shares in the most recent quarter. Last, National Health Investors received a fresh $225,000 investment from Teamwork Financial Advisors LLC in the first quarter. Institutional and hedge fund investors collectively hold 65.25% of the stock.
In addition to sale-leaseback and joint venture financing, National Health Investors, Inc. (NYSE: NHI), a real estate investment trust created in 1991, focuses on mortgage and mezzanine financing of need-driven and discretionary senior housing and healthcare assets. NHI’s portfolio includes specialty hospitals, independent, assisted, and memory care homes, gated retirement communities, skilled nursing facilities, and medical office buildings.
Source: beststocks.com
