Arizona State Retirement System Has $678,000 Position in National Health Investors, Inc. (NYSE:NHI)

Arizona State Retirement System cut its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 1.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,136 shares of the real estate investment trust’s stock after selling 218 shares during the quarter. Arizona State Retirement System’s holdings in National Health Investors were worth $678,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NHI. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of National Health Investors by 14.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,971 shares of the real estate investment trust’s stock worth $1,730,000 after purchasing an additional 3,907 shares during the period. SG Americas Securities LLC raised its position in National Health Investors by 33.0% during the 4th quarter. SG Americas Securities LLC now owns 25,494 shares of the real estate investment trust’s stock worth $1,424,000 after purchasing an additional 6,321 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in National Health Investors by 33.5% during the 4th quarter. Sound Income Strategies LLC now owns 916 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 230 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of National Health Investors by 8.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 62,812 shares of the real estate investment trust’s stock valued at $3,226,000 after buying an additional 4,676 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of National Health Investors by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,173,352 shares of the real estate investment trust’s stock valued at $317,063,000 after buying an additional 22,443 shares during the period. 62.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on NHI shares. Deutsche Bank Aktiengesellschaft began coverage on National Health Investors in a report on Tuesday, January 30th. They issued a “buy” rating and a $69.00 target price on the stock. BMO Capital Markets upgraded shares of National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 price objective for the company in a research report on Tuesday, March 12th. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Thursday. Truist Financial increased their price target on National Health Investors from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, April 4th. Finally, Wedbush boosted their price objective 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. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.50.

National Health Investors Price Performance

NHI stock opened at $60.41 on Friday. National Health Investors, Inc. has a 1 year low of $47.54 and a 1 year high of $62.93. The stock has a market capitalization of $2.62 billion, a PE ratio of 19.30 and a beta of 0.95. The company’s 50-day moving average is $58.64 and its 200-day moving average is $55.23. The company has a debt-to-equity ratio of 0.90, a current ratio of 10.27 and a quick ratio of 10.27.

National Health Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 28th will be paid a $0.90 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $3.60 dividend on an annualized basis and a yield of 5.96%. National Health Investors’s dividend payout ratio (DPR) is presently 115.02%.

Insider Activity

In other news, Director Charlotte A. Swafford bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $58.69 per share, for a total transaction of $586,900.00. Following the acquisition, the director now directly owns 110,185 shares in the company, valued at $6,466,757.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.26% of the company’s stock.

National Health Investors 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.