National Health Investors, Inc. $NHI Shares Sold by Clayton Partners LLC

Key Points

• Clayton Partners LLC reduced its stake in National Health Investors by 12%, now holding approximately 48,006 shares, making it the firm's 13th largest position.
• National Health Investors recently increased its quarterly dividend to $0.92, up from $0.90, representing an annualized yield of 4.7% and a payout ratio of 115.02%.
• Analysts have generally upgraded their ratings for National Health Investors, with a consensus price target now set at $84.20, indicating positive market sentiment.

Clayton Partners LLC trimmed its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 12.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,006 shares of the real estate investment trust's stock after selling 6,532 shares during the quarter. National Health Investors makes up 3.1% of Clayton Partners LLC's holdings, making the stock its 13th biggest holding. Clayton Partners LLC owned about 0.10% of National Health Investors worth $3,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in NHI. Smartleaf Asset Management LLC increased its holdings in shares of National Health Investors by 49.8% during the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 147 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of National Health Investors in the 4th quarter valued at about $58,000. Farther Finance Advisors LLC raised its holdings in shares of National Health Investors by 5,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock valued at $68,000 after buying an additional 900 shares in the last quarter. NewEdge Advisors LLC bought a new position in National Health Investors during the 4th quarter worth approximately $83,000. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of National Health Investors in the 1st quarter worth approximately $206,000. 62.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on NHI shares. Wells Fargo & Company lifted their price objective on National Health Investors from $76.00 to $80.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Truist Financial lifted their price objective on National Health Investors from $77.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 15th. KeyCorp raised National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price target for the company in a report on Thursday, July 10th. Finally, Wedbush raised National Health Investors to a "strong-buy" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $84.20.

National Health Investors Trading Up 0.9%

Shares of NHI traded up $0.68 during mid-day trading on Monday, reaching $78.33. 193,835 shares of the company's stock traded hands, compared to its average volume of 219,331. The stock has a market cap of $3.72 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.36 and a beta of 0.76. The stock's 50-day moving average is $72.74 and its two-hundred day moving average is $72.94. National Health Investors, Inc. has a 12 month low of $65.13 and a 12 month high of $86.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 10.91 and a quick ratio of 10.91.

National Health Investors (NYSE:NHI - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The firm had revenue of $70.27 million for the quarter, compared to analysts' expectations of $86.46 million. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%.The company's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Research analysts forecast that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 4.7%. This is an increase from National Health Investors's previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, September 30th. National Health Investors's payout ratio is currently 115.02%.

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.