MQS Management LLC Takes $243,000 Position in National Health Investors, Inc. (NYSE:NHI)

MQS Management LLC bought a new position in National Health Investors, Inc. (NYSE:NHI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,593 shares of the real estate investment trust’s stock, valued at approximately $243,000.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in shares of National Health Investors by 0.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,707 shares of the real estate investment trust’s stock worth $1,324,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System raised its holdings in National Health Investors by 1.9% in the second quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust’s stock valued at $823,000 after buying an additional 222 shares during the period. PNC Financial Services Group Inc. lifted its position in National Health Investors by 6.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 238 shares in the last quarter. Van ECK Associates Corp grew its stake in National Health Investors by 6.9% during the second quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 416 shares during the period. Finally, Compass Wealth Management LLC acquired a new stake in shares of National Health Investors in the first quarter worth $30,000. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

National Health Investors Price Performance

Shares of NYSE NHI opened at $83.20 on Friday. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91. National Health Investors, Inc. has a fifty-two week low of $48.51 and a fifty-two week high of $86.13. The business has a 50 day moving average price of $77.68 and a two-hundred day moving average price of $68.82. The firm has a market cap of $3.61 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 8.67 and a beta of 1.03.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The company had revenue of $84.97 million during the quarter, compared to the consensus estimate of $64.95 million. During the same quarter last year, the firm posted $1.06 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts expect that National Health Investors, Inc. will post 4.55 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 Friday, November 1st. Stockholders of record on Friday, September 27th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.60 annualized dividend and a dividend yield of 4.33%. National Health Investors’s payout ratio is 118.03%.

Analyst Ratings Changes

NHI has been the topic of several recent research reports. Truist Financial lifted their target price on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company increased their target price on National Health Investors from $63.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Finally, StockNews.com raised National Health Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.43.

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.