National Health Investors, Inc. $NHI Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in National Health Investors by 6.9%, now holding approximately 0.24% of the company, valued at about $8.19 million.
• National Health Investors recently increased its quarterly dividend to $0.92, reflecting a 4.9% yield and a positive change from the previous quarter's dividend of $0.90.
• Analysts have upgraded the stock's rating, with a consensus recommendation of "Moderate Buy" and a price target of approximately $85.40.

Deutsche Bank AG reduced its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,882 shares of the real estate investment trust's stock after selling 8,197 shares during the quarter. Deutsche Bank AG owned about 0.24% of National Health Investors worth $8,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new position in National Health Investors in the fourth quarter worth $58,000. Farther Finance Advisors LLC grew its holdings in National Health Investors by 5,000.0% in the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 900 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of National Health Investors during the fourth quarter worth $83,000. Jupiter Asset Management Ltd. acquired a new stake in shares of National Health Investors during the first quarter worth $206,000. Finally, Sterling Capital Management LLC lifted its stake in shares of National Health Investors by 61.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,099 shares of the real estate investment trust's stock worth $215,000 after buying an additional 1,175 shares during the period. 62.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on NHI. Truist Financial lifted their price objective on shares of National Health Investors from $77.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a research note on Wednesday, July 2nd. Finally, KeyCorp upgraded shares of National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price objective for the company in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $85.40.

National Health Investors Stock Performance

NYSE NHI traded up $0.6310 on Wednesday, reaching $76.7610. 182,963 shares of the company's stock traded hands, compared to its average volume of 227,702. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 3.74 and a beta of 0.73. The stock has a 50 day moving average price of $71.81 and a 200-day moving average price of $72.39. National Health Investors, Inc. has a fifty-two week low of $65.13 and a fifty-two week 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 posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The company had revenue of $70.27 million during the quarter, compared to the consensus estimate of $86.46 million. National Health Investors had a net margin of 40.97% and a return on equity of 10.32%. The firm's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. Equities research analysts predict that National Health Investors, Inc. will post 4.41 EPS 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. Shareholders of record on Tuesday, September 30th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.8%. This is an increase from National Health Investors's previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, September 30th. National Health Investors's payout ratio is currently 115.02%.

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.