B. Riley Wealth Advisors Inc. Invests $215,000 in National Health Investors, Inc. (NYSE:NHI)

B. Riley Wealth Advisors Inc. bought a new stake in National Health Investors, Inc. (NYSE:NHI) during the second quarter, HoldingsChannel reports. The institutional investor bought 3,134 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Other large investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. lifted its position in shares of National Health Investors by 448.7% in the first quarter. Jupiter Asset Management Ltd. now owns 76,875 shares of the real estate investment trust’s stock valued at $4,830,000 after acquiring an additional 62,865 shares in the last quarter. Land & Buildings Investment Management LLC lifted its holdings in National Health Investors by 81.8% in the 4th quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock valued at $23,013,000 after purchasing an additional 185,377 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in National Health Investors in the 1st quarter valued at about $547,000. Strategic Financial Concepts LLC acquired a new stake in shares of National Health Investors during the 2nd quarter worth about $28,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of National Health Investors by 9.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 407,855 shares of the real estate investment trust’s stock worth $25,626,000 after buying an additional 36,653 shares in the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

Analyst Ratings Changes

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

National Health Investors Trading Up 0.6 %

NHI stock opened at $81.57 on Thursday. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 8.86 and a beta of 1.04. The business has a fifty day simple moving average of $80.01 and a 200-day simple moving average of $70.90. National Health Investors, Inc. has a 52 week low of $48.51 and a 52 week high of $86.13.

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

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be issued a $0.90 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.60 annualized dividend and a yield of 4.41%. National Health Investors’s payout ratio is 118.03%.

National Health Investors 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.