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

Private Advisor Group LLC increased its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 22.5% during 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 and other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC grew 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 worth $1,324,000 after purchasing an additional 200 shares during the last quarter. Norges Bank acquired a new position in National Health Investors during the 4th quarter worth about $25,448,000. Central Valley Advisors LLC bought a new stake in National Health Investors during the 4th quarter worth about $289,000. Nomura Asset Management Co. Ltd. increased its position in National Health Investors by 4.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 49,500 shares of the real estate investment trust’s stock valued at $2,765,000 after acquiring an additional 1,960 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of National Health Investors by 14.7% in the fourth quarter. Hsbc Holdings PLC now owns 22,857 shares of the real estate investment trust’s stock worth $1,277,000 after acquiring an additional 2,936 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Stock Performance

NHI stock opened at $85.15 on Thursday. National Health Investors, Inc. has a twelve month low of $48.51 and a twelve month high of $86.13. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91. The company has a market cap of $3.70 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 8.67 and a beta of 1.03. The business’s fifty day moving average is $76.93 and its 200-day moving average is $68.35.

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

National Health Investors Dividend Announcement

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

Wall Street Analysts Forecast Growth

NHI has been the topic of several research analyst reports. Wells Fargo & Company increased their price target 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. Truist Financial increased their price objective on National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, StockNews.com upgraded National Health Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.75.

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.