In a report released yesterday, Todd Stender from Wells Fargo maintained a Hold rating on National Health Investors (NYSE: NHI). The company’s shares closed yesterday at $78.85, close to its 52-week high of $81.60.
According to TipRanks.com, Stender is a 3-star analyst with an average return of 9.7% and a 66.7% success rate. Stender covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Extra Space Storage, and Agree Realty Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for National Health Investors with a $79.80 average price target.
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Based on National Health Investors’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $37.84 million. In comparison, last year the company had a net profit of $38.25 million.
Based on the recent corporate insider activity of 14 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.
