National Health Investors, Inc. (NYSE:NHI) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,860 shares of the real estate investment trust’s stock after selling 512 shares during the period. Private Advisor Group LLC’s holdings in National Health Investors were worth $406,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in shares of National Health Investors by 68.3% in the 3rd quarter. Jane Street Group LLC now owns 60,099 shares of the real estate investment trust’s stock worth $5,052,000 after purchasing an additional 24,380 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of National Health Investors in the third quarter valued at about $2,426,000. Point72 Asset Management L.P. acquired a new stake in shares of National Health Investors in the third quarter valued at about $688,000. Charles Schwab Investment Management Inc. grew its stake in shares of National Health Investors by 17.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust’s stock valued at $71,651,000 after buying an additional 123,596 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of National Health Investors in the third quarter valued at about $720,000. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Truist Financial lowered their target price on National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, December 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $76.60.

National Health Investors Price Performance

Shares of NYSE NHI opened at $73.09 on Wednesday. National Health Investors, Inc. has a fifty-two week low of $57.56 and a fifty-two week high of $86.13. The business has a 50 day moving average price of $68.88 and a two-hundred day moving average price of $74.99. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. The firm has a market cap of $3.34 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The firm had revenue of $85.75 million during the quarter, compared to analyst estimates of $81.13 million. Sell-side analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be given a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 annualized dividend and a dividend yield of 4.93%. National Health Investors’s payout ratio is 115.38%.

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.