National Health Investors Inc (NHI) was Reiterated by Mizuho to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 77 from a previous price target of $66 . Mizuho advised their investors in a research report released on Aug 8, 2016.
On the company’s financial health, National Health Investors Inc reported $1.22 EPS for the quarter, based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus estimate of $1.22. The company had revenue of $61.20 million for the quarter, compared to analysts expectations of $58.39 million. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS.
National Health Investors Inc opened for trading at $78.27 and hit $78.99 on the upside on Friday, eventually ending the session at $78.58, with a gain of 0.73% or 0.57 points. The heightened volatility saw the trading volume jump to 1,59,816 shares. Company has a market cap of $3,020 M.
In a different news, on Jun 29, 2016, Kristin Sallee Gaines (Chief Credit Officer) sold 8,652 shares at $74.05 per share price. According to the SEC, on Jun 14, 2016, Robert A Jr Mccabe (director) sold 1,250 shares at $71.61 per share price. On May 12, 2016, Kevin Carlton Pascoe (EVP – Investments) sold 2,000 shares at $70.72 per share price, according to the Form-4 filing with the securities and exchange commission.
National Health Investors Inc. (NHI) is a self-managed real estate investment trust (REIT) specializing in sale-leaseback joint-venture mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company’s portfolio consists of real estate investments in independent assisted and memory care communities entrance-fee communities senior living campuses skilled nursing facilities specialty hospitals and medical office buildings. The Company’s other investments include mortgages and notes the preferred stock and marketable securities of other REITs and a joint venture. The Company’s continuing operations consist of investments in real estate and mortgage and other notes receivable involving approximately 183 facilities located in 31 states. These investments involve 106 senior housing communities 71 skilled nursing facilities four hospitals and two medical office buildings.