Envestnet Asset Management Inc. Sells 337 Shares of National Health Investors, Inc. (NYSE:NHI)

Envestnet Asset Management Inc. decreased its holdings in National Health Investors, Inc. (NYSE:NHI) by 3.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,728 shares of the real estate investment trust’s stock after selling 337 shares during the period. Envestnet Asset Management Inc.’s holdings in National Health Investors were worth $718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NHI. American Century Companies Inc. increased its stake in shares of National Health Investors by 3.5% in the 4th quarter. American Century Companies Inc. now owns 18,113 shares of the real estate investment trust’s stock valued at $1,255,000 after purchasing an additional 608 shares during the last quarter. LPL Financial LLC increased its stake in shares of National Health Investors by 2.0% in the 4th quarter. LPL Financial LLC now owns 22,842 shares of the real estate investment trust’s stock valued at $1,583,000 after purchasing an additional 449 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of National Health Investors by 8.2% in the 4th quarter. JPMorgan Chase & Co. now owns 162,148 shares of the real estate investment trust’s stock valued at $11,237,000 after purchasing an additional 12,252 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of National Health Investors by 1.8% in 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. Finally, Schroder Investment Management Group increased its stake in shares of National Health Investors by 10.6% in the 4th quarter. Schroder Investment Management Group now owns 22,267 shares of the real estate investment trust’s stock valued at $1,515,000 after purchasing an additional 2,133 shares during the last quarter. Institutional investors own 62.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NHI. Wedbush raised National Health Investors to a “strong-buy” rating in a report on Wednesday, July 2nd. KeyCorp upgraded National Health Investors from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective on the stock in a research report on Thursday, July 10th. Finally, Truist Financial upgraded National Health Investors from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.60.

National Health Investors Trading Up 1.6%

Shares of NHI stock opened at $72.44 on Tuesday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 23.00, a P/E/G ratio of 3.60 and a beta of 0.73. National Health Investors, Inc. has a twelve month low of $65.13 and a twelve month high of $86.13. The company has a quick ratio of 16.55, a current ratio of 16.55 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $71.16 and its 200 day simple moving average is $71.96.

National Health Investors (NYSE:NHI) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $68.87 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS. As a group, sell-side analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current fiscal 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.