Assetmark Inc. Purchases 141 Shares of National Health Investors, Inc. (NYSE:NHI)

Assetmark Inc. increased its position in National Health Investors, Inc. (NYSE:NHI) by 27.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 648 shares of the real estate investment trust’s stock after acquiring an additional 141 shares during the period. Assetmark Inc.’s holdings in National Health Investors were worth $54,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new stake in shares of National Health Investors during the 2nd quarter valued at about $28,000. International Assets Investment Management LLC purchased a new position in National Health Investors during the second quarter valued at approximately $36,000. Blue Trust Inc. lifted its holdings 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 purchasing an additional 716 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of National Health Investors in the third quarter worth approximately $70,000. Finally, USA Financial Formulas increased its stake in shares of National Health Investors by 172.8% in the third quarter. USA Financial Formulas now owns 922 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 584 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Analyst Ratings Changes

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

National Health Investors Price Performance

Shares of National Health Investors stock opened at $77.16 on Tuesday. The firm has a market cap of $3.50 billion, a PE ratio of 26.52, a PEG ratio of 5.19 and a beta of 1.05. The stock has a 50 day moving average of $79.97 and a 200 day moving average of $74.14. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. National Health Investors, Inc. has a 12 month low of $51.59 and a 12 month high of $86.13.

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

National Health Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.90 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.67%. National Health Investors’s dividend payout ratio (DPR) is presently 123.71%.

About National Health Investors

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.