Thu Sep 19 09:46:59 UTC 2024: ## Private Advisor Group Boosts Stake in National Health Investors
**New York, NY** – Private Advisor Group LLC increased its stake in National Health Investors, Inc. (NYSE:NHI) by 22.5% during the second quarter, according to a recent SEC filing. The firm now owns 7,550 shares of the real estate investment trust, valued at $511,000.
This move comes amidst a flurry of activity from other hedge funds, with several making new investments in NHI during the first and second quarters. These include Compass Wealth Management, International Assets Investment Management, Blue Trust Inc., and Shayne & Jacobs LLC.
Several equities analysts have also recently commented on NHI’s stock. Wells Fargo & Company upgraded their target price to $69.00 and assigned an “overweight” rating, while StockNews.com upgraded the stock to “buy” from “hold.” Truist Financial lifted their target price to $78.00 but maintained a “hold” rating. Overall, the stock currently holds a “Moderate Buy” consensus rating with an average target price of $63.75.
NHI reported its quarterly earnings on August 6th, missing analyst estimates on earnings per share but exceeding revenue expectations. The company also announced a quarterly dividend of $0.90, payable on November 1st.
National Health Investors, Inc. is a real estate investment trust focusing on senior housing and medical investments. Their portfolio includes independent living, assisted living, memory care, skilled nursing facilities, and specialty hospitals.
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