National Health Investors, Inc. (NYSE:NHI) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 12.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,152 shares of the real estate investment trust’s stock after selling 610 shares during the period. Stifel Financial Corp’s holdings in National Health Investors were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of National Health Investors during the third quarter worth approximately $27,000. Covestor Ltd grew its holdings in National Health Investors by 2,700.0% during the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 405 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of National Health Investors in the 3rd quarter worth about $35,000. Loomis Sayles & Co. L P acquired a new stake in shares of National Health Investors in the 3rd quarter valued at about $38,000. Finally, International Assets Investment Management LLC bought a new position in shares of National Health Investors during the second quarter worth about $36,000. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Wall Street Analysts Forecast Growth

NHI has been the topic of several research reports. StockNews.com cut National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Bank of America assumed coverage on National Health Investors in a research note on Tuesday, September 24th. They set a “buy” rating and a $92.00 price objective on the stock. Truist Financial dropped their target price on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a report on Monday, December 23rd. Finally, Wells Fargo & Company lowered shares of National Health Investors from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $81.00 to $86.00 in a research note on Tuesday, October 1st. Three equities research 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 an average rating of “Moderate Buy” and an average price target of $75.33.

National Health Investors Stock Performance

NHI stock opened at $68.83 on Friday. The company has a market capitalization of $3.13 billion, a P/E ratio of 23.65, a PEG ratio of 4.86 and a beta of 1.04. 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 company has a 50-day simple moving average of $75.25 and a 200 day simple moving average of $75.64. National Health Investors, Inc. has a fifty-two week low of $51.59 and a fifty-two week high of $86.13.

National Health Investors (NYSE:NHI) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.42). National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The company had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. During the same quarter last year, the business earned $1.08 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. Sell-side analysts predict that National Health Investors, Inc. will post 4.42 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders 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 annualized dividend and a dividend yield of 5.23%. National Health Investors’s dividend payout ratio (DPR) is 123.71%.

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.