Jefferies' Price Target Adjustment: Jefferies has reduced the price target for National Health Investors (NHI) from $77 to $66, maintaining a Hold rating while expressing a preference for senior housing within healthcare REITs due to muted deliveries and growth in the 80-plus population. This adjustment reflects cautious optimism about NHI's near-term prospects but highlights the potential for growth in specific segments.
ETF Analysis: The Dimensional US Real Estate ETF (DFAR) has an implied analyst target price of $26.55 per unit, indicating an 11.79% upside from its current trading price of $23.75. Notable underlying holdings such as National Health Investors, Inc. (NHI) show significant potential upside based on analyst targets, raising questions about the accuracy and optimism of these projections.
Fibonacci Levels: NHI's stock price is currently near the Fibonacci pivot point of $74.07. The first resistance level is at $76.12, and the first support level is at $72.01. If the stock breaks above the resistance level, it could move towards the next resistance at $77.39. Conversely, if it fails to hold above the support level, it may decline to $70.74.
RSI and MACD: The Relative Strength Index (RSI) for NHI is currently at 53.50, indicating a neutral position. The MACD is positive at 1.33, suggesting some bullish momentum in the short term.
Volume: The trading volume on March 24, 2025, was 77,410, which is lower than the average volume over the past few weeks, indicating reduced volatility or investor activity.
Based on the Fibonacci levels and technical indicators, NHI's stock price is expected to test the resistance level at $76.12 in the next trading week. If the stock breaks above this level, it could reach $77.39. However, if it fails to hold above the support level at $72.01, it may decline further.
Prediction: The stock price of NHI is expected to reach $76.12 in the next trading week.
Recommendation: Hold or Buy if the stock breaks above the resistance level at $76.12.
The price of NHI is predicted to go up -7.13%, based on the high correlation periods with OSK. The similarity of these two price pattern on the periods is 98.03%.
NHI
OSK
Truist Securities
2025-03-19
Price Target
$70 → $76
Upside
+0.62%
Truist Securities
2024-12-23
Price Target
$78 → $72
Upside
+4.26%
Wells Fargo
2024-10-01
Price Target
$81 → $86
Upside
+3.6%