Cubist Systematic Strategies LLC Makes New Investment in National Health Investors, Inc. (NYSE:NHI)

Cubist Systematic Strategies LLC bought a new stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,118 shares of the real estate investment trust's stock, valued at approximately $909,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brevan Howard Capital Management LP acquired a new stake in National Health Investors in the 4th quarter worth $402,000. Baird Financial Group Inc. acquired a new stake in National Health Investors during the fourth quarter worth about $385,000. Balyasny Asset Management L.P. acquired a new stake in National Health Investors during the fourth quarter worth about $23,917,000. Ameriprise Financial Inc. increased its stake in National Health Investors by 34.8% during the fourth quarter. Ameriprise Financial Inc. now owns 30,598 shares of the real estate investment trust's stock valued at $2,121,000 after acquiring an additional 7,894 shares during the period. Finally, Northern Trust Corp raised its holdings in National Health Investors by 19.9% in the 4th quarter. Northern Trust Corp now owns 613,791 shares of the real estate investment trust's stock valued at $42,536,000 after acquiring an additional 101,808 shares in the last quarter. Institutional investors and hedge funds own 62.51% of the company's stock.

National Health Investors Price Performance

NYSE NHI traded up $0.54 during trading on Friday, reaching $75.16. 289,390 shares of the company traded hands, compared to its average volume of 226,808. National Health Investors, Inc. has a 1-year low of $63.91 and a 1-year high of $86.13. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 4.42 and a beta of 0.78. The stock's 50 day moving average price is $74.25 and its two-hundred day moving average price is $72.69. 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 (NYSE:NHI - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $68.87 million during the quarter, compared to the consensus estimate of $85.13 million. During the same quarter last year, the company earned $1.10 EPS. National Health Investors's revenue was up 9.6% on a year-over-year basis. As a group, analysts anticipate that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Monday, June 30th. National Health Investors's dividend payout ratio is currently 114.29%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NHI shares. Truist Financial lifted their price objective on National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, March 19th. Wedbush reiterated an "outperform" rating and set a $88.00 price target on shares of National Health Investors in a research note on Monday, March 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.