Asset Management One Co. Ltd. lowered its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,205 shares of the real estate investment trust's stock after selling 10,743 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.21% of National Health Investors worth $7,401,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its stake in National Health Investors by 42.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 189 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in National Health Investors in the fourth quarter valued at about $58,000. Jones Financial Companies Lllp grew its stake in National Health Investors by 781.2% in the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 789 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of National Health Investors by 5,000.0% in the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock worth $68,000 after buying an additional 900 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of National Health Investors in the fourth quarter worth about $83,000. Hedge funds and other institutional investors own 62.51% of the company's stock.
National Health Investors Price Performance
Shares of NYSE:NHI opened at $70.90 on Friday. National Health Investors, Inc. has a fifty-two week low of $65.13 and a fifty-two week high of $86.13. The business has a 50-day moving average of $73.35 and a two-hundred day moving average of $71.64. The stock has a market capitalization of $3.31 billion, a P/E ratio of 22.51, a P/E/G ratio of 4.30 and a beta of 0.75. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55.
National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings data 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 10.64% and a net margin of 41.15%. The business 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 firm earned $1.10 EPS. The firm's revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.
National Health Investors Announces Dividend
The firm 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.08%. National Health Investors's dividend payout ratio is presently 114.29%.
Wall Street Analyst Weigh In
NHI has been the subject of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial boosted their price target on National Health Investors from $76.00 to $77.00 and gave the stock a "hold" rating in a research report on Monday, June 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, National Health Investors has an average rating of "Hold" and a consensus target price of $85.75.
Read Our Latest Report on NHI
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider National Health Investors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Health Investors wasn't on the list.
While National Health Investors currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
