USA Financial Formulas Purchases 584 Shares of National Health Investors, Inc. (NYSE:NHI)

USA Financial Formulas boosted its holdings in National Health Investors, Inc. (NYSE:NHI) by 172.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 922 shares of the real estate investment trust’s stock after buying an additional 584 shares during the quarter. USA Financial Formulas’ holdings in National Health Investors were worth $78,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NHI. Sound Income Strategies LLC raised its stake in shares of National Health Investors by 21,963.3% during the second quarter. Sound Income Strategies LLC now owns 153,119 shares of the real estate investment trust’s stock valued at $10,371,000 after acquiring an additional 152,425 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of National Health Investors in the 2nd quarter valued at about $5,089,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of National Health Investors by 16.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 472,959 shares of the real estate investment trust’s stock valued at $32,034,000 after buying an additional 65,104 shares during the period. Jupiter Asset Management Ltd. raised its position in shares of National Health Investors by 448.7% during the first quarter. Jupiter Asset Management Ltd. now owns 76,875 shares of the real estate investment trust’s stock worth $4,830,000 after acquiring an additional 62,865 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of National Health Investors by 733.8% in the first quarter. Russell Investments Group Ltd. now owns 53,783 shares of the real estate investment trust’s stock worth $3,379,000 after acquiring an additional 47,333 shares during the period. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on NHI shares. Truist Financial increased their target price on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research report on Friday, August 30th. StockNews.com raised shares of National Health Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Wells Fargo & Company lowered shares of National Health Investors from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $81.00 to $86.00 in a report on Tuesday, October 1st. Finally, Bank of America assumed coverage on National Health Investors in a report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price target for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.29.

National Health Investors Stock Performance

Shares of National Health Investors stock opened at $78.64 on Friday. The business has a 50-day simple moving average of $80.09 and a 200 day simple moving average of $70.95. National Health Investors, Inc. has a one year low of $48.51 and a one year high of $86.13. The company has a debt-to-equity ratio of 0.91, a current ratio of 10.27 and a quick ratio of 10.27. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 4.78 and a beta of 1.04.

National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). The firm had revenue of $84.97 million during the quarter, compared to the consensus estimate of $64.95 million. National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. National Health Investors’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. On average, research analysts anticipate that National Health Investors, Inc. will post 4.55 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.60 annualized dividend and a dividend yield of 4.58%. National Health Investors’s payout ratio is 122.45%.

National Health Investors Company 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.