National Health Investors, Inc. (NYSE:NHI) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in National Health Investors, Inc. (NYSE:NHI - Free Report) by 46.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 0.35% of National Health Investors worth $10,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of National Health Investors by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust's stock valued at $445,128,000 after buying an additional 102,012 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of National Health Investors by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust's stock valued at $114,242,000 after buying an additional 82,825 shares in the last quarter. Geode Capital Management LLC increased its position in shares of National Health Investors by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,113,771 shares of the real estate investment trust's stock valued at $77,201,000 after buying an additional 19,201 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of National Health Investors by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust's stock valued at $60,765,000 after buying an additional 24,462 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of National Health Investors by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 634,430 shares of the real estate investment trust's stock valued at $43,966,000 after buying an additional 20,631 shares in the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wedbush reissued an "outperform" rating and issued a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial increased their price objective on National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a research note on Wednesday, March 19th. 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 presently has a consensus rating of "Hold" and a consensus price target of $85.50.

National Health Investors Trading Down 0.5%

NYSE:NHI traded down $0.40 during trading hours on Friday, hitting $72.53. The company had a trading volume of 699,330 shares, compared to its average volume of 232,088. 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 50-day moving average of $73.97 and a 200 day moving average of $72.38. 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. National Health Investors, Inc. has a 1 year low of $64.00 and a 1 year high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. Sell-side analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

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

National Health Investors Company 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.