State of New Jersey Common Pension Fund D Lowers Holdings in National Health Investors, Inc. (NYSE:NHI)

State of New Jersey Common Pension Fund D decreased its holdings in National Health Investors, Inc. (NYSE:NHI) by 36.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,042 shares of the real estate investment trust’s stock after selling 16,909 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of National Health Investors worth $1,967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in National Health Investors in the 2nd quarter valued at $28,000. Compass Wealth Management LLC bought a new stake in shares of National Health Investors in the first quarter worth about $30,000. International Assets Investment Management LLC purchased a new stake in shares of National Health Investors in the second quarter worth about $36,000. Blue Trust Inc. boosted its stake in National Health Investors by 2,651.9% during the second quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 716 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in National Health Investors by 66.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 1,033 shares in the last quarter. Institutional investors own 62.51% of the company’s stock.

National Health Investors Stock Down 0.2 %

NYSE NHI opened at $83.20 on Friday. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91. National Health Investors, Inc. has a 52 week low of $48.51 and a 52 week high of $86.13. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 8.67 and a beta of 1.03. The company has a fifty day moving average of $77.68 and a two-hundred day moving average of $68.82.

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 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%. National Health Investors’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 earnings per share. On average, analysts predict that National Health Investors, Inc. will post 4.55 earnings per share for the current year.

National Health Investors Dividend Announcement

The firm also recently announced 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. 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 118.03%.

Analyst Ratings Changes

Several analysts have recently issued reports on NHI shares. Truist Financial upped their price objective 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 increased 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 shares of National Health Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.