Teacher Retirement System of Texas Reduces Stock Position in National Health Investors, Inc. (NYSE:NHI)

Teacher Retirement System of Texas lessened its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 50.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,057 shares of the real estate investment trust’s stock after selling 9,164 shares during the quarter. Teacher Retirement System of Texas’ holdings in National Health Investors were worth $628,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Zimmer Partners LP acquired a new stake in shares of National Health Investors during the third quarter worth about $25,218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of National Health Investors by 332.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 242,326 shares of the real estate investment trust’s stock worth $20,370,000 after acquiring an additional 186,238 shares during the period. Principal Financial Group Inc. increased its position in shares of National Health Investors by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock valued at $114,242,000 after buying an additional 82,825 shares in the last quarter. Barclays PLC increased its holdings in National Health Investors by 323.8% during the 3rd quarter. Barclays PLC now owns 71,703 shares of the real estate investment trust’s stock valued at $6,027,000 after acquiring an additional 54,782 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of National Health Investors by 10.7% during the 4th quarter. Bank of New York Mellon Corp now owns 557,420 shares of the real estate investment trust’s stock worth $38,629,000 after purchasing an additional 53,705 shares during the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

National Health Investors Price Performance

Shares of NHI stock opened at $74.74 on Monday. 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, Inc. has a 1-year low of $57.80 and a 1-year high of $86.13. The firm has a fifty day moving average of $70.95 and a two-hundred day moving average of $74.23. The firm has a market cap of $3.41 billion, a P/E ratio of 25.68, a P/E/G ratio of 4.42 and a beta of 1.08.

National Health Investors (NYSE:NHI) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $81.13 million. As a group, research analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors’s dividend payout ratio is presently 115.38%.

Wall Street Analysts Forecast Growth

NHI has been the subject of several recent analyst reports. Truist Financial lifted their target price on shares of National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, March 19th. Wedbush reissued an “outperform” rating and set a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.50.

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.