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National Health Investors (NHI) Receives a Hold from Cantor Fitzgerald


Cantor Fitzgerald analyst Joseph France reiterated a Hold rating on National Health Investors (NHI) today and set a price target of $80. The company’s shares opened today at $75.21.

France observed:

“. 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.”

According to TipRanks.com, France is a 5-star analyst with an average return of 10.7% and a 61.2% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and Addus Homecare Corp.

National Health Investors has an analyst consensus of Hold, with a price target consensus of $76.

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Based on National Health Investors’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $40.98 million. In comparison, last year the company had a net profit of $39.09 million.

Based on the recent corporate insider activity of 13 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.