National Health Investors, Inc. (NHI) Research Coverage Started at SunTrust Banks, Inc.

SunTrust Banks, Inc. started coverage on shares of National Health Investors, Inc. (NYSE:NHI) in a research report released on Tuesday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $80.00 price target on the real estate investment trust’s stock. SunTrust Banks also issued estimates for National Health Investors’ Q3 2017 earnings at $1.33 EPS, Q4 2017 earnings at $1.35 EPS, FY2017 earnings at $5.25 EPS, Q1 2018 earnings at $1.34 EPS, Q2 2018 earnings at $1.39 EPS, Q3 2018 earnings at $1.40 EPS, Q4 2018 earnings at $1.41 EPS, FY2018 earnings at $5.54 EPS and FY2019 earnings at $5.80 EPS.

NHI has been the subject of a number of other reports. BidaskClub downgraded shares of National Health Investors from a hold rating to a sell rating in a report on Wednesday, August 9th. ValuEngine downgraded shares of National Health Investors from a buy rating to a hold rating in a report on Tuesday, June 13th. Zacks Investment Research downgraded shares of National Health Investors from a buy rating to a hold rating in a report on Wednesday, September 6th. Mizuho reiterated a hold rating and set a $82.00 price target on shares of National Health Investors in a report on Wednesday, October 4th. Finally, Stifel Nicolaus lifted their price target on shares of National Health Investors from $80.00 to $82.00 and gave the stock a buy rating in a report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $80.17.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results 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). The firm had revenue of $69.84 million for the quarter, compared to analysts’ expectations of $67.68 million. National Health Investors had a return on equity of 12.56% and a net margin of 59.24%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 earnings per share.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, September 29th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.80 dividend on an annualized basis and a yield of 4.94%. National Health Investors’s dividend payout ratio (DPR) is 97.69%.

In other National Health Investors news, insider Kevin Carlton Pascoe sold 2,000 shares of National Health Investors stock in a transaction that occurred 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 directly owns 21,228 shares of the company’s stock, valued at $1,693,994.40. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.19% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Carroll Financial Associates Inc. acquired a new position in National Health Investors during the second quarter valued at approximately $158,000. Yorktown Management & Research Co Inc acquired a new position in National Health Investors during the second quarter valued at approximately $214,000. Allegis Investment Advisors LLC acquired a new position in National Health Investors during the second quarter valued at approximately $216,000. Profund Advisors LLC lifted its position in National Health Investors by 4.3% during the second quarter. Profund Advisors LLC now owns 3,126 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 130 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in National Health Investors by 2.0% during the second quarter. Teacher Retirement System of Texas now owns 3,192 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 62 shares in the last quarter. 70.67% of the stock is currently owned by hedge funds and other institutional investors.

National Health Investors Company Profile

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.

Analyst Recommendations for National Health Investors (NYSE:NHI)

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