Jane Street Group LLC lessened its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 93.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,812 shares of the real estate investment trust's stock after selling 56,287 shares during the quarter. Jane Street Group LLC's holdings in National Health Investors were worth $264,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC raised its holdings in National Health Investors by 323.8% during the 3rd quarter. Barclays PLC now owns 71,703 shares of the real estate investment trust's stock valued at $6,027,000 after acquiring an additional 54,782 shares during the period. KBC Group NV grew its position in shares of National Health Investors by 61.4% during the 4th quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust's stock valued at $140,000 after purchasing an additional 768 shares in the last quarter. abrdn plc grew its position in shares of National Health Investors by 28.2% during the 4th quarter. abrdn plc now owns 24,236 shares of the real estate investment trust's stock valued at $1,670,000 after purchasing an additional 5,331 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of National Health Investors by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust's stock valued at $1,388,000 after purchasing an additional 196 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of National Health Investors during the 4th quarter valued at $2,700,000. Institutional investors own 62.51% of the company's stock.
Wall Street Analyst Weigh In
NHI has been the subject of a number of recent analyst reports. Wedbush restated an "outperform" rating and set a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial increased their target price on National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, National Health Investors has a consensus rating of "Hold" and an average price target of $85.50.
Get Our Latest Stock Analysis on NHI
National Health Investors Stock Up 0.5%
Shares of NHI stock traded up $0.37 during mid-day trading on Thursday, hitting $71.40. The company's stock had a trading volume of 354,987 shares, compared to its average volume of 236,380. National Health Investors, Inc. has a 52-week low of $64.00 and a 52-week high of $86.13. The business has a 50-day moving average price of $73.82 and a 200 day moving average price of $72.25. 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 stock has a market cap of $3.33 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 4.42 and a beta of 0.78.
National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The firm had revenue of $68.87 million during the quarter, compared to analysts' expectations of $85.13 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company's revenue was up 9.6% on a year-over-year basis. Research analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.
National Health Investors Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is Monday, June 30th. National Health Investors's dividend payout ratio (DPR) is presently 114.29%.
About National Health Investors
(
Free Report)
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.
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