Nisa Investment Advisors LLC Sells 537 Shares of National Health Investors, Inc. (NYSE:NHI)

Nisa Investment Advisors LLC reduced its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 4.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,292 shares of the real estate investment trust’s stock after selling 537 shares during the quarter. Nisa Investment Advisors LLC’s holdings in National Health Investors were worth $845,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NHI. Norges Bank acquired a new stake in shares of National Health Investors during the fourth quarter worth $42,322,000. Millennium Management LLC grew its holdings in shares of National Health Investors by 1,967.0% during the fourth quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust’s stock worth $33,843,000 after purchasing an additional 464,727 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in National Health Investors during the 4th quarter valued at approximately $23,917,000. Marshall Wace LLP boosted its holdings in shares of National Health Investors by 161.6% during the 4th quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust’s stock worth $38,225,000 after buying an additional 340,712 shares in the last quarter. Finally, Land & Buildings Investment Management LLC boosted its holdings in shares of National Health Investors by 109.4% during the 4th quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust’s stock worth $32,367,000 after buying an additional 243,999 shares in the last quarter. 62.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on NHI. Wedbush raised National Health Investors to a “strong-buy” rating in a report on Wednesday, July 2nd. Truist Financial upgraded National Health Investors from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Wednesday, July 2nd. Finally, KeyCorp upgraded National Health Investors from a “sector weight” rating to an “overweight” rating and set a $80.00 target price for the company in a research report on Thursday, July 10th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, National Health Investors has an average rating of “Moderate Buy” and a consensus target price of $84.60.

National Health Investors Trading Down 2.3%

National Health Investors stock opened at $70.51 on Wednesday. National Health Investors, Inc. has a one year low of $65.13 and a one year high of $86.13. The business’s fifty day moving average is $72.18 and its 200 day moving average is $71.68. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55. The stock has a market capitalization of $3.29 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73.

National Health Investors (NYSE:NHI) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The firm had revenue of $68.87 million for the quarter, compared to the consensus estimate of $85.13 million. During the same quarter last year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, sell-side analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 5.11%. 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.