Hsbc Holdings PLC Buys 8,537 Shares of National Health Investors, Inc. $NHI

Key Points

• Hsbc Holdings PLC increased its stake in National Health Investors, Inc. by 23.7% to own 44,533 shares, valued at approximately $3.29 million after acquiring an additional 8,537 shares in Q1.
• National Health Investors announced a quarterly dividend increase from $0.90 to $0.92 per share, representing a dividend yield of 4.8%.
• The company reported a net margin of 40.97% and revenues of $70.27 million for the latest quarter, which was below analyst expectations of $86.46 million.

Hsbc Holdings PLC grew its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 23.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,533 shares of the real estate investment trust's stock after acquiring an additional 8,537 shares during the period. Hsbc Holdings PLC owned 0.10% of National Health Investors worth $3,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. raised its stake in shares of National Health Investors by 3.9% in the first quarter. American Century Companies Inc. now owns 18,816 shares of the real estate investment trust's stock worth $1,390,000 after acquiring an additional 703 shares during the last quarter. Aberdeen Group plc lifted its holdings in National Health Investors by 4.7% in the first quarter. Aberdeen Group plc now owns 25,367 shares of the real estate investment trust's stock valued at $1,874,000 after buying an additional 1,131 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in National Health Investors by 9.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 19,742 shares of the real estate investment trust's stock valued at $1,473,000 after buying an additional 1,748 shares during the period. Nuveen LLC acquired a new position in National Health Investors in the first quarter valued at approximately $10,126,000. Finally, Aigen Investment Management LP acquired a new position in National Health Investors in the first quarter valued at approximately $318,000. 62.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of National Health Investors from $76.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a report on Wednesday, July 2nd. KeyCorp upgraded shares of 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 upped their price target on National Health Investors from $77.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $84.20.

National Health Investors Stock Up 0.9%

Shares of National Health Investors stock traded up $0.68 on Monday, hitting $78.33. The company had a trading volume of 193,835 shares, compared to its average volume of 219,331. The firm has a market capitalization of $3.72 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.36 and a beta of 0.76. National Health Investors, Inc. has a twelve month low of $65.13 and a twelve month high of $86.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 10.91 and a quick ratio of 10.91. The stock has a 50-day moving average of $72.85 and a 200-day moving average of $73.01.

National Health Investors (NYSE:NHI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $70.27 million during the quarter, compared to analysts' expectations of $86.46 million. National Health Investors had a net margin of 40.97% and a return on equity of 10.32%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 earnings per share. Research analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.92 per share. The ex-dividend date is Tuesday, September 30th. This is a boost from National Health Investors's previous quarterly dividend of $0.90. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.7%. National Health Investors's dividend payout ratio is 115.02%.

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.