Envestnet Asset Management Inc. Trims Stock Holdings in National Health Investors, Inc. (NYSE:NHI)

Envestnet Asset Management Inc. lessened its position in shares of National Health Investors, Inc. (NYSE:NHI) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,065 shares of the real estate investment trust’s stock after selling 1,084 shares during the quarter. Envestnet Asset Management Inc.’s holdings in National Health Investors were worth $698,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NHI. Norges Bank acquired a new position in National Health Investors in the 4th quarter worth approximately $42,322,000. Centersquare Investment Management LLC grew its position in National Health Investors by 35.9% during the 4th quarter. Centersquare Investment Management LLC now owns 394,433 shares of the real estate investment trust’s stock worth $27,334,000 after purchasing an additional 104,186 shares during the period. Vanguard Group Inc. boosted its stake 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 worth $445,128,000 after buying an additional 102,012 shares during the last quarter. Principal Financial Group Inc. boosted its position in National Health Investors by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock worth $114,242,000 after purchasing an additional 82,825 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of National Health Investors by 13.0% in the 4th quarter. Prudential Financial Inc. now owns 476,371 shares of the real estate investment trust’s stock valued at $33,013,000 after purchasing an additional 54,936 shares during the period. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on NHI. Wedbush reiterated an “outperform” rating and set a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial increased their target price on National Health Investors from $70.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.50.

National Health Investors Price Performance

National Health Investors stock opened at $75.75 on Friday. 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 price of $73.68 and a 200 day moving average price of $72.78. National Health Investors, Inc. has a 12-month low of $63.85 and a 12-month high of $86.13. The stock has a market cap of $3.54 billion, a P/E ratio of 26.03, a PEG ratio of 4.42 and a beta of 0.79.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm had revenue of $85.75 million for the quarter, compared to analyst estimates of $81.13 million. Sell-side analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Monday, March 31st were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Monday, March 31st. National Health Investors’s payout ratio is 115.38%.

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.