National Health Investors raised to Outperform at Wedbush on SNF strength (NYSE:NHI)

Nationwide Well being Buyers (NYSE:NHI) inventory superior 2.3% in Monday morning buying and selling after Wedbush upgraded the healthcare REIT to Outperform from Impartial because the broader expert nursing facility and senior housing sectors completed 2023 with robust This autumn outcomes.

“We go away 4Q23 earnings season extra sanguine on SNFs/senior housing than we entered it,” analyst Richard Anderson wrote in a observe.

NHI itself posted final week This autumn earnings and income that exceeded Wall Avenue expectations, “pushed by over $2.0 million in deferral repayments, no surprising lease concessions and 24.4% sequential SHOP NOI progress in comparison with the third quarter of 2023,” President and CEO Eric Mendelsohn had stated in a press release.

On Friday, Trapping Worth, Investing Group Chief of ‘Conservative Revenue Portfolio,’ took observe of NHI’s robust This autumn outcomes, whereas warning of a still-high valuation. 12 months-to-date, the inventory gained 3.4%.

Anderson’s Outperform price disagrees with the SA Quant system score and the common sell-side analyst score, each at Maintain.