Cwm LLC Reduces Holdings in National Health Investors, Inc. (NYSE:NHI)

Cwm LLC decreased its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,168 shares of the real estate investment trust’s stock after selling 1,673 shares during the period. Cwm LLC’s holdings in National Health Investors were worth $1,126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in National Health Investors by 5.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,944 shares of the real estate investment trust’s stock valued at $1,127,000 after purchasing an additional 1,190 shares during the last quarter. International Assets Investment Management LLC raised its position in National Health Investors by 3,690.7% during the 4th quarter. International Assets Investment Management LLC now owns 28,430 shares of the real estate investment trust’s stock valued at $1,588,000 after purchasing an additional 27,680 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in National Health Investors by 4.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 189,221 shares of the real estate investment trust’s stock valued at $10,568,000 after purchasing an additional 8,316 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in National Health Investors by 14.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,971 shares of the real estate investment trust’s stock valued at $1,730,000 after purchasing an additional 3,907 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in National Health Investors by 36.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,743 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 3,916 shares during the last quarter. Institutional investors own 62.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised National Health Investors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $55.00 to $63.00 in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on National Health Investors in a research report on Tuesday, January 30th. They issued a “buy” rating and a $69.00 target price for the company. Truist Financial increased their target price on National Health Investors from $55.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Wedbush increased their target price on National Health Investors from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Finally, BMO Capital Markets raised National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 target price for the company in a research report on Tuesday, March 12th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, National Health Investors has an average rating of “Hold” and an average price target of $60.50.

Insider Buying and Selling at National Health Investors

In other news, Director Charlotte A. Swafford purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average cost of $58.69 per share, for a total transaction of $586,900.00. Following the purchase, the director now directly owns 110,185 shares in the company, valued at approximately $6,466,757.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.26% of the company’s stock.

National Health Investors Stock Up 0.4 %

NHI stock opened at $62.89 on Friday. The business has a 50 day moving average of $59.75 and a 200 day moving average of $55.73. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.90. National Health Investors, Inc. has a twelve month low of $47.54 and a twelve month high of $63.37. The firm has a market cap of $2.73 billion, a PE ratio of 20.09 and a beta of 0.95.

National Health Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.90 per share. The ex-dividend date is Wednesday, March 27th. This represents a $3.60 annualized dividend and a yield of 5.72%. National Health Investors’s dividend payout ratio is 115.02%.

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.