Nepsis Inc. Acquires 10,820 Shares of National Health Investors, Inc. (NYSE:NHI)

Nepsis Inc. lifted its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 19.0% during the third quarter, HoldingsChannel reports. The firm owned 67,808 shares of the real estate investment trust’s stock after purchasing an additional 10,820 shares during the quarter. National Health Investors accounts for about 1.4% of Nepsis Inc.’s investment portfolio, making the stock its 23rd biggest holding. Nepsis Inc.’s holdings in National Health Investors were worth $5,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in National Health Investors by 378.7% during the third quarter. Blue Trust Inc. now owns 3,557 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 2,814 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of National Health Investors by 12.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,095 shares of the real estate investment trust’s stock valued at $680,000 after acquiring an additional 902 shares during the period. AlphaMark Advisors LLC purchased a new stake in shares of National Health Investors during the 3rd quarter worth approximately $362,000. Sound Income Strategies LLC raised its holdings in shares of National Health Investors by 10.8% in the 3rd quarter. Sound Income Strategies LLC now owns 169,582 shares of the real estate investment trust’s stock worth $14,255,000 after purchasing an additional 16,463 shares during the period. Finally, USA Financial Formulas lifted its position in shares of National Health Investors by 172.8% during the 3rd quarter. USA Financial Formulas now owns 922 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 584 shares during the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

National Health Investors Price Performance

Shares of NHI traded up $0.02 during mid-day trading on Friday, reaching $76.56. 221,323 shares of the stock traded hands, compared to its average volume of 189,255. 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, Inc. has a 1 year low of $48.51 and a 1 year high of $86.13. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 4.78 and a beta of 1.04. The firm has a fifty day moving average price of $80.45 and a 200 day moving average price of $71.66.

National Health Investors (NYSE:NHI) last posted its 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). National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The business had revenue of $84.97 million for the quarter, compared to analysts’ expectations of $64.95 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. National Health Investors’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that National Health Investors, Inc. will post 4.55 earnings per share for the current year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.60 annualized dividend and a yield of 4.70%. National Health Investors’s payout ratio is presently 118.03%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Truist Financial lifted their target price on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Wells Fargo & Company downgraded National Health Investors from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $81.00 to $86.00 in a research report on Tuesday, October 1st. Finally, Bank of America assumed coverage on National Health Investors in a research report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price target for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.