Alexander Randolph Advisory Inc. Takes Position in National Health Investors, Inc. (NYSE:NHI)

Alexander Randolph Advisory Inc. acquired a new position in National Health Investors, Inc. (NYSE:NHI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,907 shares of the real estate investment trust's stock, valued at approximately $289,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of National Health Investors by 3.5% in the 4th quarter. American Century Companies Inc. now owns 18,113 shares of the real estate investment trust's stock valued at $1,255,000 after purchasing an additional 608 shares during the period. LPL Financial LLC lifted its stake in National Health Investors by 2.0% during the fourth quarter. LPL Financial LLC now owns 22,842 shares of the real estate investment trust's stock valued at $1,583,000 after buying an additional 449 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of National Health Investors by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust's stock worth $445,128,000 after buying an additional 102,012 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of National Health Investors by 6.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 29,795 shares of the real estate investment trust's stock worth $2,062,000 after acquiring an additional 1,888 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of National Health Investors by 8.2% during the fourth quarter. JPMorgan Chase & Co. now owns 162,148 shares of the real estate investment trust's stock valued at $11,237,000 after acquiring an additional 12,252 shares during the period. 62.51% of the stock is currently owned by institutional investors.

National Health Investors Price Performance

Shares of NHI traded up $1.44 during mid-day trading on Friday, reaching $71.30. The company had a trading volume of 283,131 shares, compared to its average volume of 226,509. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55. The company has a market capitalization of $3.33 billion, a P/E ratio of 22.63, a P/E/G ratio of 3.60 and a beta of 0.73. National Health Investors, Inc. has a twelve month low of $65.13 and a twelve month high of $86.13. The company's 50-day moving average is $71.16 and its 200-day moving average is $71.92.

National Health Investors (NYSE:NHI - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The business had revenue of $68.87 million for the quarter, compared to the consensus estimate of $85.13 million. During the same period in the previous year, the business earned $1.10 EPS. National Health Investors's revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Monday, June 30th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, June 30th. National Health Investors's payout ratio is currently 114.29%.

Analysts Set New Price Targets

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