Commonwealth Equity Services LLC Lowers Stock Position in National Health Investors, Inc. (NYSE:NHI)

Commonwealth Equity Services LLC decreased its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 6.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,537 shares of the real estate investment trust’s stock after selling 1,107 shares during the period. Commonwealth Equity Services LLC’s holdings in National Health Investors were worth $1,146,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NHI. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of National Health Investors during the 3rd quarter valued at approximately $282,000. Quantbot Technologies LP purchased a new position in National Health Investors in the third quarter valued at $323,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $20,370,000 after acquiring an additional 186,238 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of National Health Investors in the third quarter valued at approximately $293,000. Finally, Centiva Capital LP lifted its position in National Health Investors by 52.8% during the 3rd quarter. Centiva Capital LP now owns 16,410 shares of the real estate investment trust’s stock worth $1,379,000 after acquiring an additional 5,667 shares during the period. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

National Health Investors Trading Down 1.1 %

National Health Investors stock opened at $73.88 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current 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’s 50-day moving average is $71.04 and its 200-day moving average is $74.16. The company has a market cap of $3.38 billion, a P/E ratio of 25.39, a PEG ratio of 4.42 and a beta of 1.08.

National Health Investors (NYSE:NHI) last posted its quarterly earnings results 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. The firm had revenue of $85.75 million for the quarter, compared to analyst estimates of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. On average, equities analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.87%. National Health Investors’s dividend payout ratio is currently 115.38%.

Analysts Set New Price Targets

Several brokerages recently commented on NHI. Truist Financial raised their price objective on shares of National Health Investors from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday, March 19th. Wedbush reaffirmed an “outperform” rating and issued a $88.00 target price on shares of National Health Investors in a research report on Monday, March 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, National Health Investors presently has an average rating of “Hold” and an average price target of $85.50.

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.