National Health Investors (NYSE:NHI)‘s stock had its “hold” rating restated by stock analysts at Cantor Fitzgerald in a report released on Thursday. They presently have a $80.00 target price on the real estate investment trust’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 5.29% from the company’s previous close.
The analysts wrote, “. We are lowering our 2019 outlook slightly, to reflect NHI’s amended lease with Holiday, but reiterating our $80 price target and Neutral rating. NHI reported in-line 3Q18 results and reaffirmed its full year 2018 guidance, but announced a lease amendment with Holiday (which accounts for 14% of revenue) that will cut the operator’s rent in 2019. M&A was limited, but NHI continued to fund $56 million of development/redevelopment commitments. The company’s relatively low leverage and strong lease coverage, despite Holiday’s issues, reflect NHI’s balance, and its primary reliance upon deal-making with its existing operators.””
Several other research firms also recently commented on NHI. Wells Fargo & Co reissued a “hold” rating on shares of National Health Investors in a research note on Tuesday, August 28th. SunTrust Banks reissued a “hold” rating and set a $79.00 price target on shares of National Health Investors in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Stifel Nicolaus set a $83.00 price target on shares of National Health Investors and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. National Health Investors has an average rating of “Hold” and an average price target of $75.22.
NHI stock opened at $75.98 on Thursday. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.30. National Health Investors has a one year low of $62.71 and a one year high of $81.60. The company has a current ratio of 14.53, a quick ratio of 15.56 and a debt-to-equity ratio of 0.89.
National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.97 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.42). The business had revenue of $74.92 million for the quarter, compared to analysts’ expectations of $73.72 million. National Health Investors had a return on equity of 11.56% and a net margin of 53.15%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $1.37 earnings per share. On average, analysts anticipate that National Health Investors will post 5.5 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new position in shares of National Health Investors in the third quarter worth $108,000. First Hawaiian Bank purchased a new position in shares of National Health Investors in the third quarter worth $162,000. Zeke Capital Advisors LLC purchased a new position in shares of National Health Investors in the second quarter worth $201,000. Nissay Asset Management Corp Japan ADV purchased a new position in shares of National Health Investors in the third quarter worth $203,000. Finally, Woodmont Investment Counsel LLC purchased a new position in shares of National Health Investors in the second quarter worth $211,000. 68.79% of the stock is currently owned by institutional investors.
National Health Investors Company Profile
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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