Nisa Investment Advisors LLC Has $875,000 Stake in National Health Investors, Inc. (NYSE:NHI)

Nisa Investment Advisors LLC lessened its position in National Health Investors, Inc. (NYSE:NHI) by 16.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,665 shares of the real estate investment trust’s stock after selling 2,993 shares during the quarter. Nisa Investment Advisors LLC’s holdings in National Health Investors were worth $875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its stake in shares of National Health Investors by 4.3% in the third quarter. Van ECK Associates Corp now owns 4,889 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 202 shares during the period. Sound Income Strategies LLC increased its position in National Health Investors by 33.5% in the 4th quarter. Sound Income Strategies LLC now owns 916 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 230 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in National Health Investors by 3.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,865 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 243 shares during the period. Holocene Advisors LP raised its stake in shares of National Health Investors by 2.2% during the second quarter. Holocene Advisors LP now owns 11,909 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 252 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of National Health Investors by 3.4% during the third quarter. Atria Wealth Solutions Inc. now owns 7,841 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Price Performance

Shares of NHI opened at $59.05 on Tuesday. The firm has a market cap of $2.56 billion, a PE ratio of 18.87 and a beta of 0.95. National Health Investors, Inc. has a 52-week low of $47.54 and a 52-week high of $62.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 10.27 and a current ratio of 10.27. The business’s 50 day moving average price is $58.19 and its two-hundred day moving average price is $55.11.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 28th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Wednesday, March 27th. National Health Investors’s dividend payout ratio is presently 115.02%.

Insiders Place Their Bets

In related news, Director Charlotte A. Swafford acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $58.69 per share, for a total transaction of $586,900.00. Following the completion of the acquisition, the director now owns 110,185 shares of the company’s stock, valued at $6,466,757.65. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NHI shares. Truist Financial increased their price objective on National Health Investors from $55.00 to $58.00 and gave the company a “hold” rating in a report on Thursday, April 4th. Wedbush increased their price target on National Health Investors from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft initiated coverage on National Health Investors in a research note on Tuesday, January 30th. They issued a “buy” rating and a $69.00 price objective on the stock. StockNews.com raised shares of National Health Investors from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company upgraded shares of National Health Investors from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $55.00 to $63.00 in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, National Health Investors presently has an average rating of “Moderate Buy” and a consensus price target of $60.50.

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.