Nepsis Inc. Sells 46,945 Shares of National Health Investors, Inc. (NYSE:NHI)

Nepsis Inc. decreased its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 43.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,776 shares of the real estate investment trust's stock after selling 46,945 shares during the quarter. National Health Investors comprises about 1.1% of Nepsis Inc.'s portfolio, making the stock its 24th biggest holding. Nepsis Inc. owned about 0.13% of National Health Investors worth $4,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NHI. Norges Bank acquired a new stake in shares of National Health Investors in the fourth quarter valued at approximately $42,322,000. Millennium Management LLC lifted its holdings in National Health Investors by 1,967.0% during the 4th 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 last quarter. Balyasny Asset Management L.P. bought a new position in National Health Investors during the fourth quarter worth $23,917,000. Marshall Wace LLP increased its holdings in shares of National Health Investors by 161.6% in the fourth quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust's stock valued at $38,225,000 after purchasing an additional 340,712 shares during the last quarter. Finally, Land & Buildings Investment Management LLC raised its position in shares of 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 purchasing an additional 243,999 shares during the period. Institutional investors own 62.51% of the company's stock.

National Health Investors Price Performance

NYSE:NHI traded down $0.47 during mid-day trading on Friday, reaching $71.15. The stock had a trading volume of 50,171 shares, compared to its average volume of 238,807. The stock has a 50-day simple moving average of $73.69 and a two-hundred day simple moving average of $72.01. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. National Health Investors, Inc. has a 12 month low of $65.13 and a 12 month high of $86.13. The stock has a market capitalization of $3.32 billion, a PE ratio of 24.45, a P/E/G ratio of 4.42 and a beta of 0.75.

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 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $68.87 million during the quarter, compared to analysts' expectations of $85.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. National Health Investors's revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. On average, equities analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Monday, June 30th. National Health Investors's payout ratio is presently 114.29%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wedbush reaffirmed an "outperform" rating and set a $88.00 target price on shares of National Health Investors in a report on Monday, March 17th. Truist Financial increased their target price on National Health Investors from $76.00 to $77.00 and gave the stock a "hold" rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $85.75.

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.