Emmett Investment Management LP Decreases Stake in National Health Investors, Inc. $NHI

Key Points

• Emmett Investment Management LP reduced its holdings in National Health Investors by 38.3%, now owning 21,246 shares valued at approximately $1,578,000.
• National Health Investors recently increased its quarterly dividend to $0.92, reflecting a 4.8% dividend yield, up from the previous $0.90 dividend.
• The company's stock has a current market capitalization of $3.61 billion and reported a earnings per share (EPS) of $1.22, exceeding analysts' estimates.

Emmett Investment Management LP trimmed its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 38.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,246 shares of the real estate investment trust's stock after selling 13,200 shares during the period. National Health Investors comprises 1.4% of Emmett Investment Management LP's holdings, making the stock its 21st biggest holding. Emmett Investment Management LP's holdings in National Health Investors were worth $1,578,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in National Health Investors by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 634,430 shares of the real estate investment trust's stock valued at $43,966,000 after purchasing an additional 20,631 shares during the last quarter. Northern Trust Corp grew its holdings in National Health Investors by 19.9% during 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 purchasing an additional 101,808 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in National Health Investors by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 588,871 shares of the real estate investment trust's stock valued at $43,494,000 after purchasing an additional 31,451 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in National Health Investors by 25.7% during the 1st quarter. Centersquare Investment Management LLC now owns 495,971 shares of the real estate investment trust's stock valued at $36,632,000 after purchasing an additional 101,538 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in National Health Investors by 1,967.0% during the 4th quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust's stock valued at $33,843,000 after purchasing an additional 464,727 shares during the last quarter. 62.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on NHI. Truist Financial upped their price target on shares of National Health Investors from $77.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 15th. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a report 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 target on the stock in a report on Thursday, July 10th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $85.40.

National Health Investors Trading Up 0.6%

NHI stock traded up $0.4520 during mid-day trading on Friday, reaching $77.7420. The company had a trading volume of 244,628 shares, compared to its average volume of 225,228. The company has a debt-to-equity ratio of 0.75, a current ratio of 10.91 and a quick ratio of 10.91. The company has a market capitalization of $3.69 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 3.32 and a beta of 0.73. The firm has a 50 day moving average of $72.05 and a 200 day moving average of $72.52. National Health Investors, Inc. has a 12 month low of $65.13 and a 12 month high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The business had revenue of $70.27 million for 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 company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. On average, equities analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 30th. National Health Investors's payout ratio is 115.02%.

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.