National Health Investors, Inc. (NYSE:NHI) Position Boosted by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,131 shares of the real estate investment trust's stock after acquiring an additional 19,549 shares during the period. Sound Income Strategies LLC owned 0.42% of National Health Investors worth $13,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of National Health Investors during the third quarter worth $27,000. Covestor Ltd raised its position in shares of National Health Investors by 2,700.0% in the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust's stock worth $35,000 after buying an additional 405 shares during the period. Point72 DIFC Ltd acquired a new position in National Health Investors in the third quarter valued at $35,000. Loomis Sayles & Co. L P purchased a new stake in shares of National Health Investors during the 3rd quarter worth about $38,000. Finally, Assetmark Inc. increased its position in shares of National Health Investors by 27.8% in the third quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com cut shares of National Health Investors from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Truist Financial decreased their target price on National Health Investors from $78.00 to $72.00 and set a "hold" rating for the company in a research report on Monday, December 23rd. Finally, Wells Fargo & Company downgraded National Health Investors from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $81.00 to $86.00 in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, National Health Investors currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.33.

National Health Investors Stock Up 0.9 %

NHI stock traded up $0.64 during midday trading on Friday, hitting $69.62. 160,348 shares of the company's stock were exchanged, compared to its average volume of 200,667. The firm has a 50 day moving average price of $71.85 and a 200-day moving average price of $75.80. National Health Investors, Inc. has a 12-month low of $51.59 and a 12-month high of $86.13. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 4.34 and a beta of 1.06. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92.

National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.42). The company had revenue of $63.32 million during the quarter, compared to analyst estimates of $67.93 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The company's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 earnings per share. On average, analysts anticipate that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be paid a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.60 dividend on an annualized basis and a yield of 5.17%. National Health Investors's payout ratio is currently 123.71%.

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.