Analysts at Stephens initiated coverage on National Health Investors Inc. (NYSE: NHI) stock, rating the company at Overweight. As a means of comparison, a number of other analysts have commented on the shares recently, and the company has earned a consensus one-year price target of $79.33, $78.37. National Health Investors Inc.stock has a 52-week high of $82.53.After initiating coverage,, analysts and brokerage firms will subsequently issue periodic updates. Changes in price targets are not unusual.
Stocks closed in negative territory Wednesday in the wake of slumping crude-oil prices, erasing earlier gains for the major indices, while the tech-heavy Nasdaq bucked the losing trend.
The Dow Jones Industrial Average DJIA, -0.18% slid 31.98 points, or 0.2%, to close at 18,034.77
The S&P 500 index SPX, -0.06% fell 1.25 points to end at 2,125.77, weighed by a 1.2% drop in the energy sector.
The Nasdaq Composite Index COMP, +0.36% advanced 18.52 points, or 0.4%, to close at 5,173.77.
Usually, after analysts publish an “initiating coverage” report on a stock, they will subsequently issue periodic updates.
Shares of National Health Investors Inc. (NYSE: NHI) opened at $78.37 today and traded in a range between, $77.30 and $78.93, and last traded at $77.67, which represents a change of $ 0.86 over the previous closing price.
National Health Investors Inc. (NYSE: NHI) currently has a market cap of 3.04B
The stocks average daily volume is 256,492 shares out of a total float 36,146,000 of and some 240,145 shares traded hands yesterday, 49 percent lower than normal. Look for trading volume to pick up in the coming days as investors often use swings in trading volume to identify heavy volume accumulation or distribution by institutional investors.
However, a single day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you’re researching.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
With that in mind National Health Investors Inc. (NYSE: NHI) now has a 50-day MA is $79.41 and 200-day MA is $72.01, and it has traded in a 52-week range between $54.51 – 82.53 and today’s last price is -5.89 percent off the 52 week high.
Earnings growth is an important factor toresearch when buying stocks and investors look for companies that have grown their earnings at least 25% or more for the past 3 years.
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