New Age Alpha Advisors LLC Acquires Shares of 25,291 National Health Investors, Inc. (NYSE:NHI)

Key Points

• New Age Alpha Advisors LLC acquired 25,291 shares of National Health Investors, Inc. (NHI), valued at approximately $1.87 million, representing about 0.05% of the company's total shares.
• Several hedge funds have recently increased their stakes in NHI, with institutional investors now owning 62.51% of the stock.
• NHI has received upgraded ratings from multiple analysts, leading to an average target price of $84.60 and a consensus rating of "Moderate Buy."

New Age Alpha Advisors LLC bought a new position in National Health Investors, Inc. (NYSE:NHI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,291 shares of the real estate investment trust's stock, valued at approximately $1,868,000. New Age Alpha Advisors LLC owned about 0.05% of National Health Investors at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. GF Fund Management CO. LTD. bought a new stake in National Health Investors in the 4th quarter worth approximately $58,000. Farther Finance Advisors LLC increased its position in National Health Investors by 5,000.0% in the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 900 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in National Health Investors during the fourth quarter valued at $83,000. Jupiter Asset Management Ltd. purchased a new stake in National Health Investors during the first quarter valued at $206,000. Finally, Sterling Capital Management LLC lifted its position in National Health Investors by 61.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,099 shares of the real estate investment trust's stock valued at $215,000 after purchasing an additional 1,175 shares during the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

National Health Investors Price Performance

NHI stock opened at $72.71 on Thursday. The stock has a market cap of $3.39 billion, a PE ratio of 23.08, a P/E/G ratio of 3.69 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 50-day moving average price of $71.16 and a 200 day moving average price of $71.97. The company has a current ratio of 16.55, a quick ratio of 16.55 and a debt-to-equity ratio of 0.88.

National Health Investors (NYSE:NHI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The business had revenue of $70.27 million during the quarter, compared to analyst estimates of $86.46 million. During the same quarter in the previous year, the business earned $1.18 earnings per share. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.