NBC Securities Inc. Raises Stock Holdings in National Health Investors, Inc. $NHI

Key Points

• NBC Securities Inc. increased its stake in National Health Investors by 24.6% during Q2, now holding 20,005 shares valued at approximately $1.40 million.
• National Health Investors announced a quarterly dividend increase to $0.92 per share, with a dividend yield of 4.7%, effective October 31.
• The company's latest earnings report showed an EPS of $1.22, surpassing analysts' expectations, despite revenue being below predictions at $70.27 million.

NBC Securities Inc. boosted its holdings in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 24.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,005 shares of the real estate investment trust's stock after buying an additional 3,947 shares during the quarter. NBC Securities Inc.'s holdings in National Health Investors were worth $1,402,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of National Health Investors by 49.8% in the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 147 shares during the period. M&T Bank Corp lifted its holdings in shares of National Health Investors by 4.4% in the 1st quarter. M&T Bank Corp now owns 3,969 shares of the real estate investment trust's stock valued at $293,000 after buying an additional 168 shares during the period. Focus Partners Wealth lifted its holdings in shares of National Health Investors by 4.0% in the 4th quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust's stock valued at $337,000 after buying an additional 188 shares during the period. Vident Advisory LLC lifted its holdings in shares of National Health Investors by 1.6% in the 1st quarter. Vident Advisory LLC now owns 12,691 shares of the real estate investment trust's stock valued at $938,000 after buying an additional 201 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its position in National Health Investors by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 6,479 shares of the real estate investment trust's stock valued at $446,000 after acquiring an additional 248 shares in the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

National Health Investors Price Performance

Shares of NYSE NHI traded down $0.68 during midday trading on Friday, hitting $78.55. The stock had a trading volume of 438,792 shares, compared to its average volume of 189,643. The stock has a 50 day simple moving average of $74.94 and a 200-day simple moving average of $73.72. National Health Investors, Inc. has a 1 year low of $65.13 and a 1 year high of $85.69. The company has a quick ratio of 10.91, a current ratio of 10.91 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $3.73 billion, a PE ratio of 25.10, a P/E/G ratio of 3.40 and a beta of 0.76.

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

National Health Investors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given 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 yield of 4.7%. National Health Investors's dividend payout ratio (DPR) is presently 115.02%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. KeyCorp upgraded National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price target for the company in a research report on Thursday, July 10th. Wells Fargo & Company increased their price target on shares of National Health Investors from $76.00 to $80.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Wedbush raised shares of National Health Investors to a "strong-buy" rating in a report on Wednesday, July 2nd. Finally, Truist Financial upped their price objective on shares of National Health Investors from $77.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $84.20.

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.