Credit Suisse analyst Omotayo Okusanya upgrades National Health Investors (NYSE:NHI) from Underperform to Neutral and raises the price target from $47 to $58.
Shopping malls and retail strip centers have been declining for many years. How many empty spaces did you see in your local mall the last time you visited? Have you seen any new malls or strip centers being constructed recently? Main streets across America have also had vacant storefronts for a long period of time.
The benchmark real estate investment trust (REIT) ETF — the Real Estate Select Sector SPDR Fund (NYSEARCA: XLRE) — is lower than it was at the beginning of January, lodging it firmly in a downtrend. The XLRE, as it’s known, started the year at $51 and today goes for $44.99. That’s an 11.8% loss if you had picked up the basket of REITs in the fund.
National Health Investors (NYSE:NHI) is set to give its latest quarterly earnings report on Monday, 2022-08-08. Here's what investors need to know before the announcement.
Analysts estimate that National Health Investors will report an earnings per share (EPS) of $0.73.
Companies Reporting Before The Bell
• Atlantica Sustainable (NASDAQ:AY) is likely to report quarterly loss at $0.08 per share on revenue of $277.90 million.