Wealth Enhancement Advisory Services LLC Takes $226,000 Position in National Health Investors, Inc. (NYSE:NHI)

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of National Health Investors, Inc. (NYSE:NHI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,254 shares of the real estate investment trust’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Focus Partners Wealth lifted its holdings in shares of National Health Investors by 4.0% during the 4th quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 188 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of National Health Investors by 42.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 189 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of National Health Investors by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 13,197 shares of the real estate investment trust’s stock valued at $915,000 after purchasing an additional 238 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of National Health Investors by 4.0% during the 4th 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 purchasing an additional 248 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in shares of National Health Investors by 9.5% during the 4th quarter. Xponance Inc. now owns 2,997 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

National Health Investors Price Performance

NYSE NHI opened at $69.91 on Tuesday. The stock’s fifty day moving average price is $73.77 and its 200 day moving average price is $71.85. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. 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) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm had revenue of $68.87 million for the quarter, compared to analyst estimates of $85.13 million. During the same period last year, the company posted $1.10 EPS. National Health Investors’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be issued a $0.90 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.15%. National Health Investors’s payout ratio is 114.29%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NHI shares. Truist Financial upped their target price on National Health Investors from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Monday, June 9th. Wedbush reissued an “outperform” rating and issued a $88.00 target price on shares of National Health Investors in a research report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.75.

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.