National Health Investors (NYSE:NHI) Share Price Passes Above 200-Day Moving Average – Here’s Why

National Health Investors, Inc. (NYSE:NHI)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $74.99 and traded as high as $78.54. National Health Investors shares last traded at $78.1760, with a volume of 230,771 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NHI shares. KeyCorp lifted their target price on National Health Investors from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Truist Financial upped their price objective on shares of National Health Investors from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company increased their price target on National Health Investors from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Cantor Fitzgerald initiated coverage on National Health Investors in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 price objective on the stock. Finally, National Bankshares set a $90.00 price target on National Health Investors in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $87.33.

National Health Investors Stock Performance

The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. The firm’s 50-day moving average price is $76.60 and its two-hundred day moving average price is $75.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 10.64 and a current ratio of 10.64.

National Health Investors (NYSE:NHI) last released its quarterly earnings data 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 return on equity of 10.17% and a net margin of 41.38%.The company had revenue of $83.36 million for the quarter, compared to the consensus estimate of $85.66 million. During the same period in the previous year, the business earned $1.03 earnings per share. The company’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. Sell-side analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

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

Institutional Investors Weigh In On National Health Investors

Several institutional investors and hedge funds have recently made changes to their positions in NHI. Smartleaf Asset Management LLC grew its stake in shares of National Health Investors by 49.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 147 shares in the last quarter. Assetmark Inc. boosted its holdings in National Health Investors by 19.0% during the second quarter. Assetmark Inc. now owns 925 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 148 shares during the last quarter. Creative Planning grew its position in National Health Investors by 2.2% in the second quarter. Creative Planning now owns 8,217 shares of the real estate investment trust’s stock valued at $576,000 after purchasing an additional 177 shares in the last quarter. PNC Financial Services Group Inc. grew its position in National Health Investors by 5.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 177 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its stake in National Health Investors by 3.8% in the 2nd quarter. Aviance Capital Partners LLC now owns 5,225 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

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.