MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Stock Position in National Health Investors, Inc. $NHI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has reduced its stake in National Health Investors, Inc. by 43.0%, now owning 222,507 shares, valued at approximately $16.4 million.
• National Health Investors recently announced an increase in its quarterly dividend to $0.92, representing an annualized dividend of $3.68 and a dividend yield of 4.6%.
• The company's stock has shown a 1.4% increase, reaching $79.16, with analysts setting an average price target of $84.20 for the shares.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 43.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 222,507 shares of the real estate investment trust's stock after selling 167,609 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.48% of National Health Investors worth $16,434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of National Health Investors by 5.6% during the first 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 buying an additional 31,451 shares during the period. Centersquare Investment Management LLC boosted its holdings in National Health Investors by 25.7% in the first quarter. Centersquare Investment Management LLC now owns 495,971 shares of the real estate investment trust's stock valued at $36,632,000 after acquiring an additional 101,538 shares in the last quarter. Millennium Management LLC boosted its holdings in National Health Investors by 1,967.0% in the fourth quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust's stock valued at $33,843,000 after acquiring an additional 464,727 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in National Health Investors by 3.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 478,900 shares of the real estate investment trust's stock valued at $35,372,000 after acquiring an additional 15,497 shares in the last quarter. Finally, Land & Buildings Investment Management LLC boosted its holdings in National Health Investors by 109.4% in the fourth quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust's stock valued at $32,367,000 after acquiring an additional 243,999 shares in the last quarter. Institutional investors own 62.51% of the company's stock.

National Health Investors Stock Down 1.1%

Shares of NYSE:NHI traded down $0.90 during trading on Friday, hitting $78.20. The stock had a trading volume of 307,322 shares, compared to its average volume of 177,766. National Health Investors, Inc. has a 12 month low of $65.13 and a 12 month high of $86.13. The company has a market capitalization of $3.71 billion, a PE ratio of 24.98, a PEG ratio of 3.40 and a beta of 0.76. The firm's fifty day moving average is $74.15 and its 200 day moving average is $73.50. The company has a quick ratio of 10.91, a current ratio of 10.91 and a debt-to-equity ratio of 0.75.

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

National Health Investors Increases Dividend

The business also recently declared 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 dividend yield of 4.7%. The ex-dividend date is Tuesday, September 30th. This is an increase from National Health Investors's previous quarterly dividend of $0.90. National Health Investors's dividend payout ratio (DPR) is currently 117.57%.

Analyst Upgrades and Downgrades

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

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.