National Health Investors, Inc. (NYSE:NHI) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its stake in National Health Investors, Inc. (NYSE:NHI) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,258 shares of the real estate investment trust’s stock after selling 484 shares during the period. Inspire Investing LLC’s holdings in National Health Investors were worth $356,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its holdings in National Health Investors by 0.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,707 shares of the real estate investment trust’s stock valued at $1,324,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of National Health Investors by 1.9% during the second quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust’s stock worth $823,000 after purchasing an additional 222 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of National Health Investors by 6.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 238 shares during the period. Van ECK Associates Corp raised its holdings in shares of National Health Investors by 6.9% during the second quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 416 shares during the period. Finally, Compass Wealth Management LLC acquired a new stake in shares of National Health Investors during the first quarter worth $30,000. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Price Performance

Shares of NHI opened at $83.20 on Friday. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 8.67 and a beta of 1.03. The stock’s fifty day moving average is $77.68 and its 200-day moving average is $68.82. National Health Investors, Inc. has a one year low of $48.51 and a one year high of $86.13. 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 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). The company had revenue of $84.97 million for the quarter, compared to the consensus estimate 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 quarterly revenue 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. Equities analysts anticipate that National Health Investors, Inc. will post 4.55 EPS for the current year.

National Health Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.33%. National Health Investors’s dividend payout ratio is presently 118.03%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NHI. Truist Financial raised their target price on shares of 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 increased their target price on National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Finally, StockNews.com raised shares of National Health Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, National Health Investors presently has a consensus rating of “Moderate Buy” and an average price target of $65.43.

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.