National Health Investors, Inc. (NYSE:NHI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 82.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,253 shares of the real estate investment trust's stock after selling 24,470 shares during the period. Victory Capital Management Inc.'s holdings in National Health Investors were worth $388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NHI. Norges Bank acquired a new stake in National Health Investors in the fourth quarter valued at $42,322,000. Millennium Management LLC lifted its stake in shares of 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 purchasing an additional 464,727 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of National Health Investors in the fourth quarter valued at about $23,917,000. Marshall Wace LLP boosted its holdings in National Health Investors by 161.6% during the fourth quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust's stock worth $38,225,000 after buying an additional 340,712 shares in the last quarter. Finally, Land & Buildings Investment Management LLC grew its position in National Health Investors by 109.4% during the fourth quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust's stock worth $32,367,000 after buying an additional 243,999 shares during the period. Hedge funds and other institutional investors own 62.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NHI shares. 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 price objective for the company in a report on Thursday, July 10th. Finally, Truist Financial upgraded National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 target price on the stock in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.60.

National Health Investors Stock Up 2.1%

NHI stock opened at $71.30 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55. The company's 50 day simple moving average is $71.16 and its 200-day simple moving average is $71.92. National Health Investors, Inc. has a 12 month low of $65.13 and a 12 month high of $86.13. The firm has a market capitalization of $3.33 billion, a PE ratio of 22.63, a P/E/G ratio of 3.60 and a beta of 0.73.

National Health Investors (NYSE:NHI - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The firm had revenue of $68.87 million for the quarter, compared to analysts' expectations of $85.13 million. During the same quarter in the prior year, the firm earned $1.10 EPS. National Health Investors's quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Monday, June 30th were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $3.60 annualized dividend and a yield of 5.0%. National Health Investors's payout ratio is presently 114.29%.

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.

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