BNP Paribas Financial Markets Cuts Position in National Health Investors, Inc. (NYSE:NHI)

BNP Paribas Financial Markets lessened its holdings in National Health Investors, Inc. (NYSE:NHI) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,279 shares of the real estate investment trust’s stock after selling 166 shares during the quarter. BNP Paribas Financial Markets’ holdings in National Health Investors were worth $643,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NHI. Norges Bank purchased a new stake in shares of National Health Investors during the fourth quarter valued at approximately $42,322,000. Marshall Wace LLP increased its stake in shares of National Health Investors by 161.6% in the fourth quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust’s stock worth $38,225,000 after purchasing an additional 340,712 shares in the last quarter. Centersquare Investment Management LLC increased its stake in shares of National Health Investors by 35.9% in the fourth 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 in the last quarter. Vanguard Group Inc. increased 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 purchasing an additional 102,012 shares in the last quarter. Finally, Northern Trust Corp grew its stake in National Health Investors by 19.9% during the fourth quarter. Northern Trust Corp now owns 613,791 shares of the real estate investment trust’s stock valued at $42,536,000 after acquiring an additional 101,808 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NHI shares. Wedbush reaffirmed an “outperform” rating and set a $88.00 target price on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial raised their target price on shares of National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.50.

National Health Investors Trading Up 0.5%

Shares of NHI opened at $72.51 on Friday. National Health Investors, Inc. has a 1-year low of $63.91 and a 1-year high of $86.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 4.42 and a beta of 0.78. The company has a 50-day moving average of $74.14 and a 200 day moving average of $72.62.

National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $68.87 million during the quarter, compared to analyst estimates of $85.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. On average, research analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.97%. The ex-dividend date is Monday, June 30th. National Health Investors’s dividend payout ratio is presently 114.29%.

About National Health Investors

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.