National Health Investors, Inc. (NYSE:NHI) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in National Health Investors, Inc. (NYSE:NHI) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,997 shares of the real estate investment trust’s stock after selling 373 shares during the period. Janney Montgomery Scott LLC’s holdings in National Health Investors were worth $1,765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Stephens Inc. AR boosted its stake in National Health Investors by 12.4% in the third quarter. Stephens Inc. AR now owns 8,566 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 945 shares during the period. New York State Teachers Retirement System acquired a new position in National Health Investors in the third quarter valued at approximately $321,000. abrdn plc boosted its stake in National Health Investors by 7.4% in the third quarter. abrdn plc now owns 18,905 shares of the real estate investment trust’s stock valued at $1,589,000 after acquiring an additional 1,309 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in National Health Investors by 91.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,451 shares of the real estate investment trust’s stock valued at $452,000 after acquiring an additional 2,601 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in National Health Investors by 8,399.0% in the third quarter. International Assets Investment Management LLC now owns 44,620 shares of the real estate investment trust’s stock valued at $3,751,000 after acquiring an additional 44,095 shares during the period. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NHI has been the subject of several analyst reports. StockNews.com downgraded National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Bank of America initiated coverage on National Health Investors in a research report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price objective for the company. Wells Fargo & Company downgraded National Health Investors from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $81.00 to $86.00 in a research report on Tuesday, October 1st. Finally, Truist Financial boosted their price objective on National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.29.

National Health Investors Price Performance

Shares of NYSE:NHI opened at $78.21 on Thursday. National Health Investors, Inc. has a 12 month low of $51.59 and a 12 month high of $86.13. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 5.36 and a beta of 1.05. The stock’s 50 day moving average price is $80.28 and its 200 day moving average price is $73.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29.

National Health Investors (NYSE:NHI) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.42). National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The firm had revenue of $63.32 million for the quarter, compared to the consensus estimate of $67.93 million. During the same period in the previous year, the firm earned $1.08 EPS. National Health Investors’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts anticipate that National Health Investors, Inc. will post 4.42 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be issued a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.60 annualized dividend and a dividend yield of 4.60%. National Health Investors’s dividend payout ratio is currently 123.71%.

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.