LPL Financial LLC Grows Stock Holdings in National Health Investors, Inc. $NHI

LPL Financial LLC increased its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,248 shares of the real estate investment trust’s stock after buying an additional 1,406 shares during the quarter. LPL Financial LLC owned about 0.05% of National Health Investors worth $1,791,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. M&T Bank Corp boosted its holdings in National Health Investors by 4.4% in the 1st quarter. M&T Bank Corp now owns 3,969 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 168 shares in the last quarter. Focus Partners Wealth boosted its holdings in National Health Investors by 4.0% in 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 in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in National Health Investors by 4.0% in 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 in the last quarter. Xponance Inc. lifted its position in shares of National Health Investors by 11.2% during the 1st quarter. Xponance Inc. now owns 3,334 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 337 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of National Health Investors by 11.0% during 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 acquiring an additional 357 shares during the period. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. KeyCorp upgraded shares of National Health Investors from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a research report on Thursday, July 10th. Wedbush upgraded shares of National Health Investors to a “strong-buy” rating in a research report on Wednesday, July 2nd. Finally, Truist Financial lifted their price target on shares of National Health Investors from $77.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $85.40.

National Health Investors Trading Up 0.8%

Shares of NHI opened at $76.7610 on Thursday. The stock has a fifty day moving average of $71.81 and a two-hundred day moving average of $72.39. The company has a debt-to-equity ratio of 0.75, a quick ratio of 10.91 and a current ratio of 10.91. The company has a market capitalization of $3.64 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 3.74 and a beta of 0.73. National Health Investors, Inc. has a fifty-two week low of $65.13 and a fifty-two week high of $86.13.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $70.27 million during the quarter, compared to the consensus estimate of $86.46 million. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%.National Health Investors’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 EPS. As a group, analysts forecast that National Health Investors, Inc. will post 4.41 EPS 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. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $3.68 annualized dividend and a dividend yield of 4.8%. This is a boost from National Health Investors’s previous quarterly dividend of $0.90. National Health Investors’s dividend payout ratio is presently 115.02%.

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.