National Health Investors, Inc. $NHI Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in National Health Investors, owning approximately 13.61% or 6,355,111 shares, after selling 68,099 shares during the first quarter.
• National Health Investors recently announced an increase in its quarterly dividend to $0.92 per share, up from $0.90, with a payout scheduled for October 31st.
• Analyst ratings for National Health Investors have improved, with Wedbush upgrading the stock to a "strong-buy" and several firms raising their price targets, indicating a consensus rating of "Moderate Buy."

Vanguard Group Inc. cut its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,355,111 shares of the real estate investment trust's stock after selling 68,099 shares during the period. Vanguard Group Inc. owned about 13.61% of National Health Investors worth $469,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new stake in shares of National Health Investors during the fourth quarter valued at about $58,000. Farther Finance Advisors LLC raised its holdings in shares of National Health Investors by 5,000.0% during 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 position in shares of National Health Investors in the 4th quarter valued at about $83,000. Jupiter Asset Management Ltd. purchased a new stake in National Health Investors in the 1st quarter worth approximately $206,000. Finally, Sterling Capital Management LLC increased its holdings in National Health Investors by 61.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,099 shares of the real estate investment trust's stock valued at $215,000 after buying an additional 1,175 shares in the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

National Health Investors Trading Up 1.1%

NYSE NHI traded up $0.85 on Tuesday, reaching $75.74. 27,177 shares of the company were exchanged, compared to its average volume of 247,590. The business's fifty day moving average price is $71.61 and its 200 day moving average price is $72.34. The company has a current ratio of 10.91, a quick ratio of 10.91 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $3.60 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 3.75 and a beta of 0.73. National Health Investors, Inc. has a fifty-two week low of $65.13 and a fifty-two week high of $86.13.

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 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The company had revenue of $70.27 million for the quarter, compared to analysts' expectations of $86.46 million. National Health Investors had a net margin of 40.97% and a return on equity of 10.32%. National Health Investors's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share. Analysts forecast 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 declared 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 represents a $3.68 dividend on an annualized basis and a yield of 4.9%. This is a boost 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 117.57%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a research 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 for the company in a report on Thursday, July 10th. Finally, Truist Financial raised their target price on National Health Investors from $77.00 to $81.00 and gave the company a "buy" rating in a research report on Friday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.40.

National Health Investors 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.