National Health Investors, Inc. $NHI Position Boosted by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP increased its stake in National Health Investors by 180.2%, owning approximately 100,905 shares valued at around $7.5 million.
• National Health Investors has recently increased its quarterly dividend to $0.92 per share, resulting in an annualized yield of 4.7%.
• Analysts have given National Health Investors an average rating of "Buy", with a price target increase to $84.20 after several rating upgrades.

Dark Forest Capital Management LP lifted its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 180.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,905 shares of the real estate investment trust's stock after purchasing an additional 64,898 shares during the quarter. National Health Investors comprises about 0.3% of Dark Forest Capital Management LP's investment portfolio, making the stock its 20th largest holding. Dark Forest Capital Management LP owned 0.22% of National Health Investors worth $7,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC raised its stake 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 purchasing an additional 147 shares in the last quarter. M&T Bank Corp grew its holdings in National Health Investors by 4.4% during the first quarter. M&T Bank Corp now owns 3,969 shares of the real estate investment trust's stock worth $293,000 after acquiring an additional 168 shares during the period. Focus Partners Wealth grew its holdings in National Health Investors by 4.0% during the fourth quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust's stock worth $337,000 after acquiring an additional 188 shares during the period. Vident Advisory LLC grew its holdings in National Health Investors by 1.6% during the first quarter. Vident Advisory LLC now owns 12,691 shares of the real estate investment trust's stock worth $938,000 after acquiring an additional 201 shares during the period. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in National Health Investors by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 6,479 shares of the real estate investment trust's stock worth $446,000 after acquiring an additional 248 shares during the period. 62.51% of the stock is currently owned by institutional investors.

National Health Investors Trading Up 1.5%

NHI traded up $1.12 during trading on Friday, reaching $78.34. The company had a trading volume of 197,881 shares, compared to its average volume of 187,966. The firm's 50-day simple moving average is $73.34 and its 200 day simple moving average is $73.26. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 3.37 and a beta of 0.76. 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 quick ratio of 10.91 and a current ratio of 10.91.

National Health Investors (NYSE:NHI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping 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%.National Health Investors's revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. Equities research analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.92 per share. This is a boost from National Health Investors's previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $3.68 annualized dividend and a yield of 4.7%. National Health Investors's dividend payout ratio (DPR) is presently 115.02%.

Analyst Upgrades and Downgrades

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

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.