Teacher Retirement System of Texas Decreases Stock Position in National Health Investors, Inc. (NYSE:NHI)

Teacher Retirement System of Texas trimmed its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 26.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,673 shares of the real estate investment trust’s stock after selling 2,384 shares during the period. Teacher Retirement System of Texas’ holdings in National Health Investors were worth $493,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of National Health Investors during the fourth quarter valued at $2,219,000. Swiss National Bank increased its holdings in National Health Investors by 7.2% in the 4th quarter. Swiss National Bank now owns 90,920 shares of the real estate investment trust’s stock worth $6,301,000 after buying an additional 6,100 shares in the last quarter. Cibc World Markets Corp purchased a new position in National Health Investors in the 4th quarter worth about $271,000. Xponance Inc. raised its position in National Health Investors by 9.5% in the 4th quarter. Xponance Inc. now owns 2,997 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 259 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its stake in National Health Investors by 9.5% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 26,274 shares of the real estate investment trust’s stock valued at $1,821,000 after acquiring an additional 2,282 shares during the period. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. KeyCorp upgraded shares of National Health Investors from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a research note on Thursday, July 10th. Wedbush upgraded shares of National Health Investors to a “strong-buy” rating in a report on Wednesday, July 2nd. Finally, Truist Financial raised shares of 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. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, National Health Investors presently has an average rating of “Moderate Buy” and an average price target of $84.60.

National Health Investors Trading Up 0.1%

National Health Investors stock opened at $70.58 on Thursday. The business has a 50-day simple moving average of $72.06 and a two-hundred day simple moving average of $71.67. The company has a market cap of $3.30 billion, a P/E ratio of 22.41, a P/E/G ratio of 3.55 and a beta of 0.73. National Health Investors, Inc. has a 52-week low of $65.13 and a 52-week high of $86.13. The company has a quick ratio of 16.55, a current ratio of 16.55 and a debt-to-equity ratio of 0.88.

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

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.10%. National Health Investors’s dividend payout ratio (DPR) is 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.