Sound Income Strategies LLC Raises Stock Holdings in National Health Investors, Inc. (NYSE:NHI)

Sound Income Strategies LLC increased its position in shares of National Health Investors, Inc. (NYSE:NHI) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,582 shares of the real estate investment trust’s stock after purchasing an additional 16,463 shares during the quarter. Sound Income Strategies LLC owned 0.39% of National Health Investors worth $14,255,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NHI. Jupiter Asset Management Ltd. grew its stake in shares of National Health Investors by 448.7% during the 1st quarter. Jupiter Asset Management Ltd. now owns 76,875 shares of the real estate investment trust’s stock worth $4,830,000 after purchasing an additional 62,865 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of National Health Investors during the 1st quarter valued at about $547,000. Strategic Financial Concepts LLC purchased a new position in shares of National Health Investors in the 2nd quarter valued at about $28,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in National Health Investors by 9.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 407,855 shares of the real estate investment trust’s stock worth $25,626,000 after purchasing an additional 36,653 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in National Health Investors by 733.8% during 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 purchasing an additional 47,333 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Wall Street Analyst Weigh In

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

National Health Investors Stock Performance

Shares of NYSE NHI traded down $0.67 during midday trading on Friday, reaching $77.97. 467,343 shares of the company were exchanged, compared to its average volume of 186,104. The stock has a fifty day simple moving average of $80.16 and a 200 day simple moving average of $71.13. National Health Investors, Inc. has a 1 year low of $48.51 and a 1 year high of $86.13. The stock has a market cap of $3.39 billion, a P/E ratio of 25.56, a PEG ratio of 4.78 and a beta of 1.04. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.91.

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

National Health Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, September 27th. This represents a $3.60 annualized dividend and a yield of 4.62%. National Health Investors’s dividend payout ratio (DPR) is currently 118.03%.

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.