Strategic Financial Concepts LLC Takes $28,000 Position in National Health Investors, Inc. (NYSE:NHI)

Strategic Financial Concepts LLC bought a new position in shares of National Health Investors, Inc. (NYSE:NHI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 41,847 shares of the real estate investment trust’s stock, valued at approximately $28,000.

A number of other hedge funds have also added to or reduced their stakes in NHI. Private Advisor Group LLC bought a new stake in shares of National Health Investors in the 4th quarter valued at $340,000. AGF Management Ltd. bought a new stake in National Health Investors in the fourth quarter valued at $468,000. Janney Montgomery Scott LLC raised its holdings in shares of National Health Investors by 0.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,707 shares of the real estate investment trust’s stock valued at $1,324,000 after purchasing an additional 200 shares during the period. Norges Bank bought a new position in shares of National Health Investors during the 4th quarter worth about $25,448,000. Finally, Central Valley Advisors LLC acquired a new stake in shares of National Health Investors in the 4th quarter valued at about $289,000. 62.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

National Health Investors Trading Down 0.9 %

Shares of National Health Investors stock opened at $82.83 on Thursday. The company has a market capitalization of $3.60 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 8.61 and a beta of 1.03. The stock has a fifty day simple moving average of $75.67 and a 200 day simple moving average of $67.54. National Health Investors, Inc. has a 12-month low of $48.51 and a 12-month high of $83.93. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.91.

National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The firm had revenue of $84.97 million during the quarter, compared to the consensus estimate of $64.95 million. During the same quarter in the previous year, the company earned $1.06 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that National Health Investors, Inc. will post 4.55 earnings per share 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. Shareholders of record on Friday, September 27th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, September 27th. This represents a $3.60 annualized dividend and a dividend yield of 4.35%. National Health Investors’s dividend payout ratio is currently 118.03%.

National Health Investors Company Profile

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.