Hsbc Holdings PLC Increases Stock Holdings in National Health Investors, Inc. (NYSE:NHI)

Hsbc Holdings PLC lifted its position in National Health Investors, Inc. (NYSE:NHI) by 14.6% in the second quarter, HoldingsChannel reports. The firm owned 32,834 shares of the real estate investment trust’s stock after buying an additional 4,178 shares during the period. Hsbc Holdings PLC’s holdings in National Health Investors were worth $2,213,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of National Health Investors by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,189,864 shares of the real estate investment trust’s stock valued at $388,909,000 after purchasing an additional 43,520 shares during the period. Lasalle Investment Management Securities LLC grew its holdings in shares of National Health Investors by 8.4% in the first quarter. Lasalle Investment Management Securities LLC now owns 508,035 shares of the real estate investment trust’s stock valued at $31,920,000 after purchasing an additional 39,554 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of National Health Investors by 16.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 472,959 shares of the real estate investment trust’s stock valued at $32,034,000 after purchasing an additional 65,104 shares during the period. Norges Bank purchased a new stake in shares of National Health Investors in the fourth quarter valued at about $25,448,000. Finally, Land & Buildings Investment Management LLC grew its holdings in shares of National Health Investors by 81.8% in the fourth quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock valued at $23,013,000 after purchasing an additional 185,377 shares during the period. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NHI shares. Bank of America started coverage on shares of National Health Investors in a research note on Tuesday. They set a “buy” rating and a $92.00 target price for the company. Wells Fargo & Company increased their target price on shares of National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. StockNews.com raised shares of National Health Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Truist Financial increased their target price on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.75.

National Health Investors Trading Down 0.7 %

NYSE NHI opened at $84.04 on Friday. The firm has a 50 day simple moving average of $78.60 and a 200-day simple moving average of $69.47. The company has a debt-to-equity ratio of 0.91, a quick ratio of 10.27 and a current ratio of 10.27. National Health Investors, Inc. has a one year low of $48.51 and a one year high of $86.13. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 8.86 and a beta of 1.04.

National Health Investors (NYSE:NHI) last posted its quarterly earnings data 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). The business had revenue of $84.97 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 EPS. Equities research analysts anticipate 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. Investors of record on Friday, September 27th will be issued a $0.90 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.60 annualized dividend and a yield of 4.28%. National Health Investors’s dividend payout ratio (DPR) is 118.03%.

National Health Investors 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.