Private Advisor Group LLC Has $511,000 Holdings in National Health Investors, Inc. (NYSE:NHI)

Private Advisor Group LLC boosted its position in shares of National Health Investors, Inc. (NYSE:NHI) by 22.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,550 shares of the real estate investment trust’s stock after acquiring an additional 1,389 shares during the period. Private Advisor Group LLC’s holdings in National Health Investors were worth $511,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Compass Wealth Management LLC acquired a new position in shares of National Health Investors during the 1st quarter worth about $30,000. International Assets Investment Management LLC bought a new position in National Health Investors in the 2nd quarter worth approximately $36,000. Blue Trust Inc. increased its position in National Health Investors by 2,651.9% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 716 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of National Health Investors by 66.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 1,033 shares during the last quarter. Finally, Shayne & Jacobs LLC bought a new stake in shares of National Health Investors in the second quarter valued at approximately $210,000. 62.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NHI shares. Wells Fargo & Company upped their target price on shares of National Health Investors from $63.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. StockNews.com upgraded shares of National Health Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Truist Financial lifted their target price on National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.75.

National Health Investors Stock Up 0.5 %

Shares of NHI opened at $85.15 on Thursday. National Health Investors, Inc. has a 12 month low of $48.51 and a 12 month high of $86.13. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 8.67 and a beta of 1.03. The company has a 50-day moving average price of $76.93 and a two-hundred day moving average price of $68.35. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). National Health Investors had a net margin of 39.11% and a return on equity of 10.11%. The company had revenue of $84.97 million during the quarter, compared to analyst estimates of $64.95 million. During the same period in the prior year, the firm earned $1.06 EPS. National Health Investors’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts predict that National Health Investors, Inc. will post 4.55 EPS for the current fiscal year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, September 27th. National Health Investors’s payout ratio is 118.03%.

About National Health Investors

Incorporated in 1991, National Health Investors, Inc (NYSE:NHI) is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.