Private Advisor Group LLC Boosts Stake in National Health Investors, Inc. (NYSE:NHI)

Key Points

• Private Advisor Group LLC significantly increased its stake in National Health Investors, purchasing 9,346 additional shares to raise its ownership by 159.5% in the first quarter.
• Analysts have raised their ratings on National Health Investors, with key firms upgrading the stock to "overweight" and "strong-buy" status, setting a consensus target price of $84.60.
• The company announced a quarterly dividend of $0.90 per share, representing an annualized yield of 5.07%.

Private Advisor Group LLC lifted its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 159.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,206 shares of the real estate investment trust's stock after purchasing an additional 9,346 shares during the quarter. Private Advisor Group LLC's holdings in National Health Investors were worth $1,123,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in National Health Investors during the fourth quarter worth about $42,322,000. Millennium Management LLC grew its holdings in National Health Investors by 1,967.0% during the fourth quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust's stock worth $33,843,000 after acquiring an additional 464,727 shares during the period. Balyasny Asset Management L.P. acquired a new stake in National Health Investors during the fourth quarter worth about $23,917,000. Marshall Wace LLP grew its holdings in National Health Investors by 161.6% during the fourth quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust's stock worth $38,225,000 after acquiring an additional 340,712 shares during the period. Finally, Land & Buildings Investment Management LLC grew its holdings in National Health Investors by 109.4% during the fourth quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust's stock worth $32,367,000 after acquiring an additional 243,999 shares during the period. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NHI has been the topic of several research analyst reports. 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. Truist Financial raised National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price objective on the stock in a report on Wednesday, July 2nd. Finally, Wedbush raised National Health Investors to a "strong-buy" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, National Health Investors presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.60.

National Health Investors Price Performance

Shares of NYSE:NHI traded up $0.29 during trading on Thursday, reaching $70.01. The stock had a trading volume of 46,093 shares, compared to its average volume of 247,622. The company has a debt-to-equity ratio of 0.88, a quick ratio of 16.55 and a current ratio of 16.55. The business has a fifty day moving average price of $71.23 and a 200-day moving average price of $71.85. The stock has a market cap of $3.27 billion, a PE ratio of 22.24, a PEG ratio of 3.60 and a beta of 0.73. National Health Investors, Inc. has a 1-year low of $65.13 and a 1-year high of $86.13.

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

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be given a dividend of $0.90 per share. The ex-dividend date is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a yield of 5.14%. National Health Investors's payout ratio is 114.29%.

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.