Wells Fargo & Company Increases National Health Investors (NYSE:NHI) Price Target to $85.00

National Health Investors (NYSE:NHI) had its price target raised by investment analysts at Wells Fargo & Company from $80.00 to $85.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 6.81% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Truist Financial lifted their target price on shares of National Health Investors from $77.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Health Investors in a report on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on shares of National Health Investors in a research note on Wednesday, October 1st. They set an “overweight” rating and a $90.00 price objective for the company. Finally, National Bankshares set a $90.00 price objective on shares of National Health Investors in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $85.67.

National Health Investors Stock Up 1.0%

NHI stock traded up $0.81 on Tuesday, hitting $79.58. 46,170 shares of the company’s stock were exchanged, compared to its average volume of 234,212. The firm has a 50 day moving average price of $76.65 and a two-hundred day moving average price of $74.51. National Health Investors has a 12-month low of $65.13 and a 12-month high of $80.56. The stock has a market cap of $3.79 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 3.31 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a quick ratio of 10.91 and a current ratio of 10.91.

National Health Investors (NYSE:NHI) last released its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.08. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%.The company had revenue of $83.36 million during the quarter, compared to analysts’ expectations of $85.66 million. During the same period last year, the business posted $1.03 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. National Health Investors has set its FY 2025 guidance at 4.880-4.91 EPS. As a group, equities research analysts expect that National Health Investors will post 4.41 EPS for the current fiscal year.

Institutional Investors Weigh In On National Health Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NHI. EverSource Wealth Advisors LLC lifted its holdings in shares of National Health Investors by 244.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 406 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 288 shares during the period. Smartleaf Asset Management LLC raised its position in National Health Investors by 49.8% during the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 147 shares in the last quarter. Assetmark Inc. raised its position 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 valued at $65,000 after acquiring an additional 148 shares in the last quarter. Advisory Services Network LLC acquired a new position in National Health Investors in the third quarter valued at approximately $65,000. Finally, Triumph Capital Management purchased a new stake in National Health Investors in the 3rd quarter worth approximately $66,000. 62.51% of the stock is owned by institutional investors and hedge funds.

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.