Nuveen Asset Management LLC Has $10.87 Million Stock Position in National Health Investors, Inc. (NYSE:NHI)

Nuveen Asset Management LLC cut its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 46.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,838 shares of the real estate investment trust's stock after selling 134,038 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.35% of National Health Investors worth $10,869,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NHI. Norges Bank acquired a new stake in shares of National Health Investors in the 4th quarter worth $42,322,000. Millennium Management LLC increased 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 worth $33,843,000 after purchasing an additional 464,727 shares during the period. Balyasny Asset Management L.P. acquired a new stake in National Health Investors in the fourth quarter valued at $23,917,000. Marshall Wace LLP increased its position in shares of 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 purchasing 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 4th quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust's stock worth $32,367,000 after purchasing an additional 243,999 shares during the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

National Health Investors Trading Down 0.5%

NHI stock traded down $0.40 during mid-day trading on Friday, reaching $72.53. 699,330 shares of the stock traded hands, compared to its average volume of 232,392. National Health Investors, Inc. has a 52-week low of $64.00 and a 52-week high of $86.13. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The company has a market cap of $3.39 billion, a P/E ratio of 24.92, a P/E/G ratio of 4.42 and a beta of 0.78. The stock's fifty day moving average is $73.97 and its 200-day moving average is $72.30.

National Health Investors (NYSE:NHI - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $68.87 million for the quarter, compared to the consensus estimate of $85.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. National Health Investors's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. As a group, sell-side analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 4.96%. National Health Investors's dividend payout ratio is presently 114.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial lifted their price target on shares of National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, March 19th. Wedbush reissued an "outperform" rating and issued a $88.00 target price on shares of National Health Investors in a research note on Monday, March 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $85.50.

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.