Acadian Asset Management LLC Makes New Investment in National Health Investors, Inc. (NYSE:NHI)

Acadian Asset Management LLC purchased a new stake in National Health Investors, Inc. (NYSE:NHI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,758 shares of the real estate investment trust’s stock, valued at approximately $457,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in National Health Investors by 0.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,707 shares of the real estate investment trust’s stock worth $1,324,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of National Health Investors by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust’s stock valued at $823,000 after purchasing an additional 222 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of National Health Investors by 6.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 238 shares during the period. Van ECK Associates Corp grew its position in shares of National Health Investors by 6.9% in the 2nd quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust’s stock valued at $434,000 after purchasing an additional 416 shares during the period. Finally, Compass Wealth Management LLC bought a new stake in National Health Investors during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Stock Up 0.5 %

Shares of NHI stock opened at $85.15 on Thursday. The firm’s fifty day moving average price is $76.93 and its two-hundred day moving average price is $68.35. 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 firm has a market capitalization of $3.70 billion, a P/E ratio of 27.92, a PEG ratio of 8.67 and a beta of 1.03.

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

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, September 27th. National Health Investors’s dividend payout ratio is currently 118.03%.

Analysts Set New Price Targets

A number of brokerages have weighed in on NHI. Truist Financial lifted their price target on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company boosted their price objective on shares of National Health Investors from $63.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Finally, StockNews.com upgraded National Health Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, National Health Investors has an average rating of “Moderate Buy” and an average price target of $63.75.

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.