Sound Income Strategies LLC Raises Position in National Health Investors, Inc. $NHI

Key Points

• Sound Income Strategies LLC increased its stake in National Health Investors, Inc. by 8.3%, now owning approximately 0.49% of the company, valued at $16.2 million.
• National Health Investors recently increased its quarterly dividend to $0.92 per share, reflecting an annualized payout of $3.68 and a yield of 4.6%.
• Despite a reported revenue of $70.27 million for the last quarter, the company fell short of analyst estimates of $86.46 million, although it reported a year-over-year revenue increase of 6.7%.

Sound Income Strategies LLC increased its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 8.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 230,690 shares of the real estate investment trust's stock after buying an additional 17,608 shares during the quarter. Sound Income Strategies LLC owned about 0.49% of National Health Investors worth $16,176,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of National Health Investors by 15.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,635 shares of the real estate investment trust's stock worth $268,000 after purchasing an additional 495 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in National Health Investors by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 588,871 shares of the real estate investment trust's stock worth $43,494,000 after buying an additional 31,451 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in National Health Investors by 11.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,611 shares of the real estate investment trust's stock valued at $267,000 after buying an additional 357 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of National Health Investors during the first quarter valued at about $808,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of National Health Investors by 3.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 478,900 shares of the real estate investment trust's stock worth $35,372,000 after acquiring an additional 15,497 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company's stock.

National Health Investors Trading Down 0.0%

NYSE NHI opened at $79.70 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 10.91 and a current ratio of 10.91. National Health Investors, Inc. has a one year low of $65.13 and a one year high of $84.16. The company has a 50-day simple moving average of $75.81 and a 200-day simple moving average of $73.95. The firm has a market capitalization of $3.78 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 3.43 and a beta of 0.76.

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

National Health Investors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, September 30th. This is an increase from National Health Investors's previous quarterly dividend of $0.90. National Health Investors's dividend payout ratio (DPR) is currently 115.02%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Truist Financial increased their price target on National Health Investors from $77.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 15th. 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 research note on Wednesday, August 27th. Wedbush raised shares of National Health Investors to a "strong-buy" rating in a research report on Wednesday, July 2nd. Finally, KeyCorp raised National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price objective for the company in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $82.25.

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.

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