Alberta Investment Management Corp Sells 7,800 Shares of National Health Investors, Inc. (NYSE:NHI)

Key Points

• Alberta Investment Management Corp has reduced its holdings in National Health Investors, Inc. by 56.5%, selling 7,800 shares, leaving them with 6,000 shares valued at approximately $443,000.
• National Health Investors reported $1.15 earnings per share this quarter, surpassing estimates, but its revenue fell short, reaching only $68.87 million against the expected $85.13 million.
• Analyst ratings for National Health Investors are generally positive, with a consensus of "Moderate Buy" and an average price target of $84.60.

Alberta Investment Management Corp trimmed its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 56.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,000 shares of the real estate investment trust's stock after selling 7,800 shares during the period. Alberta Investment Management Corp's holdings in National Health Investors were worth $443,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NHI. GF Fund Management CO. LTD. bought a new stake in shares of National Health Investors during the fourth quarter valued at approximately $58,000. Farther Finance Advisors LLC boosted its stake in National Health Investors by 5,000.0% during the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock worth $68,000 after buying an additional 900 shares in the last quarter. NewEdge Advisors LLC bought a new stake in National Health Investors in the 4th quarter valued at $83,000. Sterling Capital Management LLC raised its stake in shares of National Health Investors by 61.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,099 shares of the real estate investment trust's stock valued at $215,000 after buying an additional 1,175 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of National Health Investors in the 4th quarter valued at $226,000. Institutional investors and hedge funds own 62.51% of the company's stock.

National Health Investors Trading Up 1.6%

Shares of NHI stock opened at $72.44 on Tuesday. The company has a market capitalization of $3.38 billion, a P/E ratio of 23.00, a P/E/G ratio of 3.60 and a beta of 0.73. National Health Investors, Inc. has a 12-month low of $65.13 and a 12-month high of $86.13. The company has a quick ratio of 16.55, a current ratio of 16.55 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $71.16 and a 200 day moving average price of $71.96.

National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $68.87 million during the quarter, compared to analyst estimates of $85.13 million. National Health Investors had a net margin of 41.15% and a return on equity of 10.64%. The company's revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. Research analysts forecast that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a research report on Wednesday, July 2nd. KeyCorp raised National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price objective on the stock in a report on Thursday, July 10th. Finally, Truist Financial raised National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 target price for the company in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.60.

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.

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