Alexander Randolph Advisory Inc. Buys Shares of 3,907 National Health Investors, Inc. (NYSE:NHI)

Alexander Randolph Advisory Inc. bought a new stake in National Health Investors, Inc. (NYSE:NHI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,907 shares of the real estate investment trust’s stock, valued at approximately $289,000.

Several other large investors also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in National Health Investors by 6.2% in the first quarter. LPL Financial LLC now owns 24,248 shares of the real estate investment trust’s stock valued at $1,791,000 after purchasing an additional 1,406 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in National Health Investors by 2.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,810 shares of the real estate investment trust’s stock valued at $1,759,000 after purchasing an additional 489 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in National Health Investors in the first quarter valued at $645,000. Allianz Asset Management GmbH grew its holdings in National Health Investors by 104.0% in the first quarter. Allianz Asset Management GmbH now owns 56,928 shares of the real estate investment trust’s stock valued at $4,205,000 after purchasing an additional 29,016 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of National Health Investors by 159.5% during the first quarter. Private Advisor Group LLC now owns 15,206 shares of the real estate investment trust’s stock valued at $1,123,000 after acquiring an additional 9,346 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Stock Down 2.2%

NHI opened at $69.75 on Thursday. 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 firm has a market cap of $3.26 billion, a P/E ratio of 22.14, a PEG ratio of 3.60 and a beta of 0.73. National Health Investors, Inc. has a 52 week low of $65.13 and a 52 week high of $86.13. The business’s fifty day simple moving average is $71.23 and its 200 day simple moving average is $71.85.

National Health Investors (NYSE:NHI) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The firm had revenue of $68.87 million for the quarter, compared to the consensus estimate of $85.13 million. During the same period in the prior year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Monday, June 30th. National Health Investors’s payout ratio is 114.29%.

Analyst Ratings Changes

A number of analysts recently commented on NHI shares. Wedbush raised National Health Investors to a “strong-buy” rating in a research note on Wednesday, July 2nd. Truist Financial raised National Health Investors from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Wednesday, July 2nd. Finally, KeyCorp raised 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 note on Thursday, July 10th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.60.

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.