abrdn plc Acquires 1,309 Shares of National Health Investors, Inc. (NYSE:NHI)

abrdn plc increased its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,905 shares of the real estate investment trust’s stock after acquiring an additional 1,309 shares during the quarter. abrdn plc’s holdings in National Health Investors were worth $1,589,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Strategic Financial Concepts LLC acquired a new stake in National Health Investors during the second quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new stake in shares of National Health Investors during the second quarter valued at about $36,000. Blue Trust Inc. increased its position in National Health Investors by 2,651.9% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 716 shares during the period. USA Financial Formulas raised its stake in shares of National Health Investors by 172.8% during the third quarter. USA Financial Formulas now owns 922 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 584 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of National Health Investors by 66.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 1,033 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Price Performance

NHI stock opened at $75.92 on Tuesday. The company has a market capitalization of $3.30 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 5.10 and a beta of 1.05. National Health Investors, Inc. has a 52-week low of $49.25 and a 52-week high of $86.13. The business has a 50-day simple moving average of $80.60 and a two-hundred day simple moving average of $72.92. The company has a debt-to-equity ratio of 0.91, a quick ratio of 10.27 and a current ratio of 10.27.

National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share 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 analysts’ expectations of $64.95 million. National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. Research analysts expect that National Health Investors, Inc. will post 4.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on NHI shares. Truist Financial lifted their target price on National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company downgraded National Health Investors from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $81.00 to $86.00 in a report on Tuesday, October 1st. Bank of America initiated coverage on National Health Investors in a report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price target on the stock. Finally, StockNews.com downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and four 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 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.