AdvisorShares Investments LLC Buys Shares of 7,175 National Health Investors, Inc. (NYSE:NHI)

AdvisorShares Investments LLC bought a new stake in shares of National Health Investors, Inc. (NYSE:NHI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,175 shares of the real estate investment trust’s stock, valued at approximately $485,000.

A number of other hedge funds have also recently made changes to their positions in NHI. Strategic Financial Concepts LLC bought a new position in National Health Investors in the 2nd quarter worth about $28,000. Compass Wealth Management LLC bought a new position in shares of National Health Investors in the first quarter worth approximately $30,000. International Assets Investment Management LLC purchased a new stake in shares of National Health Investors during the second quarter valued at approximately $36,000. Blue Trust Inc. grew its holdings in shares of National Health Investors by 2,651.9% during the second quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 716 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position 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 valued at $163,000 after acquiring an additional 1,033 shares in the last quarter. 62.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

National Health Investors Stock Down 0.9 %

NHI stock opened at $82.83 on Thursday. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 8.61 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 10.27 and a current ratio of 10.27. The business’s 50-day moving average is $75.67 and its two-hundred day moving average is $67.54. National Health Investors, Inc. has a fifty-two week low of $48.51 and a fifty-two week high of $83.93.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data 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 business had revenue of $84.97 million during the quarter, compared to the consensus estimate of $64.95 million. National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. National Health Investors’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $1.06 EPS. As a group, analysts forecast that National Health Investors, Inc. will post 4.55 earnings per share for the current year.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Friday, September 27th. National Health Investors’s payout ratio is 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.