Senior Housing Sector Is Reviving, Analyst Forecasts Growth For National Health Investors
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BMO Capital Markets analyst Juan C. Sanabria upgraded National Health Investors, Inc. (NYSE:NHI) from Market Perform to Outperform, maintaining the price forecast of $67.
Sanabria sees the potential for multiple expansions for the company, with upside to earnings driven primarily by SHOP and acquisitions.
Acquisitions also represent an opportunity with $150 million of debt firepower, given National Health Investors’ low leverage (4.4X net debt/EBITDA).
The analyst keeps a more constructive stance on the company’s SHOP portfolio given the recent strong 4Q23 occupancy and a …
Full story available on Benzinga.com
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