In a report released today, Joseph France from Cantor Fitzgerald reiterated a Hold rating on National Health Investors (NYSE: NHI), with a price target of $75. The company’s shares closed yesterday at $69.50.
France said:
“1Q18 results were slightly below our estimates, but in-line with FactSet consensus. Normalized FFO was $1.35 (vs. our $1.37 estimate and $1.34 consensus), and nAFFO was $1.22 (vs. our $1.25 estimate, $1.23 consensus). NHI affirmed its full year nFFO ($5.45-$5.51) and nAFFO ($4.99-$5.03) guidance.”
According to TipRanks.com, France is a 5-star analyst with an average return of 9.9% and a 56.4% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and Envision Healthcare.
National Health Investors has an analyst consensus of Hold, with a price target consensus of $70.17.
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The company has a one-year high of $81.60 and a one-year low of $62.71. Currently, National Health Investors has an average volume of 252.2K.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NHI in relation to earlier this year.
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National Health Investors, Inc. is a real estate investment trust, which engages in the sale-leaseback, joint-venture, mortgage, and mezzanine financing of senior housing and medical investments. Its portfolio includes lease, mortgage and other note investments in independent living facilities, assisted living facilities, entrance-fee communities, senior living campuses, skilled nursing facilities, specialty hospitals and medical office buildings. The company was founded by W. Andrew Adams in 1991 and is headquartered in Murfreesboro, TN.
