Employees Retirement System of Texas Acquires Shares of 30,000 National Health Investors, Inc. (NYSE:NHI)

Employees Retirement System of Texas purchased 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 firm purchased 30,000 shares of the real estate investment trust's stock, valued at approximately $2,079,000. Employees Retirement System of Texas owned approximately 0.07% of National Health Investors at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new position in shares of National Health Investors in the fourth quarter valued at $58,000. Public Employees Retirement System of Ohio lifted its position in National Health Investors by 3.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 64,748 shares of the real estate investment trust's stock valued at $4,487,000 after purchasing an additional 2,275 shares during the last quarter. Voloridge Investment Management LLC bought a new position in National Health Investors during the fourth quarter valued at $1,963,000. Two Sigma Advisers LP grew its stake in shares of National Health Investors by 131.2% in the 4th quarter. Two Sigma Advisers LP now owns 57,800 shares of the real estate investment trust's stock worth $4,006,000 after buying an additional 32,800 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of National Health Investors by 34.6% in the 4th quarter. Two Sigma Investments LP now owns 100,360 shares of the real estate investment trust's stock worth $6,955,000 after buying an additional 25,785 shares during the last quarter. Institutional investors own 62.51% of the company's stock.

National Health Investors Trading Down 0.5%

NHI stock traded down $0.40 during mid-day trading on Friday, reaching $72.53. 699,330 shares of the stock traded hands, compared to its average volume of 232,088. National Health Investors, Inc. has a one year low of $64.00 and a one year high of $86.13. The stock has a market capitalization of $3.39 billion, a PE ratio of 24.92, a PEG ratio of 4.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The business has a 50-day moving average price of $73.97 and a two-hundred day moving average price of $72.38.

National Health Investors (NYSE:NHI - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The company had revenue of $68.87 million for the quarter, compared to the consensus estimate of $85.13 million. During the same period in the prior year, the firm posted $1.10 EPS. The firm's revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be issued a $0.90 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 4.96%. National Health Investors's payout ratio is 114.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NHI. Truist Financial increased their price target on shares of National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, March 19th. Wedbush restated an "outperform" rating and set a $88.00 price objective 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 assigned a buy rating to the company. According to data from MarketBeat.com, National Health Investors currently has an average rating of "Hold" and an average price target of $85.50.

About National Health Investors

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.