National Health Investors, Inc. (NYSE:NHI) Stake Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in National Health Investors, Inc. (NYSE:NHI) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,829 shares of the real estate investment trust’s stock after selling 1,193 shares during the quarter. Nisa Investment Advisors LLC’s holdings in National Health Investors were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NHI. Quarry LP acquired a new stake in National Health Investors during the third quarter valued at approximately $27,000. Covestor Ltd increased its holdings in shares of National Health Investors by 2,700.0% in the third quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 405 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of National Health Investors during the 3rd quarter valued at $35,000. Loomis Sayles & Co. L P bought a new stake in shares of National Health Investors during the 3rd quarter worth $38,000. Finally, Assetmark Inc. grew its holdings in shares of National Health Investors by 27.8% in the 3rd quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 62.51% of the company’s stock.

National Health Investors Trading Down 1.8 %

National Health Investors stock opened at $69.51 on Wednesday. The company’s fifty day simple moving average is $71.39 and its 200-day simple moving average is $75.87. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. National Health Investors, Inc. has a 12 month low of $51.59 and a 12 month high of $86.13. The stock has a market cap of $3.16 billion, a P/E ratio of 23.89, a P/E/G ratio of 4.34 and a beta of 1.06.

National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.42). National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts forecast that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s dividend payout ratio (DPR) is 123.71%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NHI. Wells Fargo & Company lowered National Health Investors from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $81.00 to $86.00 in a research report on Tuesday, October 1st. Truist Financial decreased their target price on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a report on Monday, December 23rd. Finally, StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.33.

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.