BMO Capital analyst Juan C. Sanabria maintained a Buy rating on National Health Investors (NHI – Research Report) today and set a price target of $67.00.
Juan C. Sanabria’s rating is based on a combination of factors that suggest a positive outlook for National Health Investors (NHI). He points to NHI’s strong balance sheet and the potential for increased acquisition opportunities as key drivers of growth. Sanabria also highlights the upside from a lease renewal with a related party, which could be beneficial for the company. Furthermore, he notes the company’s solid exposure to Senior Nursing Facilities (SNF) and the possibility of a rent reset with National HealthCare Corporation (NHC), which could further enhance NHI’s financial performance.
Sanabria believes that the company’s balance sheet is robust, with a healthy debt-to-EBITDA ratio, which provides ample capacity for strategic acquisitions. In anticipation of a more active acquisition strategy not yet accounted for in the company’s guidance, he forecasts significant acquisitions that could positively impact normalized funds from operations. This financial firepower, coupled with the company’s disciplined approach to maintaining leverage within target levels, supports the Buy rating and reflects a positive outlook for NHI’s future financial health and shareholder value.
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National Health Investors (NHI) Company Description:
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.
Read More on NHI:
- National Health Investors price target raised to $58 from $55 at Truist
- National Health upgraded to Outperform from Market Perform at BMO Capital
- Seeking up to 8.5% Dividend Yield? Well Fargo Suggests 2 Dividend Stocks to Buy
- National Health Investors Sets Executive Golden Parachutes
- Wedbush upgrades National Health on sanguine skilled nursing outlook
