Arizona State Retirement System Sells 383 Shares of National Health Investors, Inc. (NYSE:NHI)

Arizona State Retirement System lessened its position in National Health Investors, Inc. (NYSE:NHI) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,029 shares of the real estate investment trust’s stock after selling 383 shares during the quarter. Arizona State Retirement System’s holdings in National Health Investors were worth $962,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 valued at $445,128,000 after acquiring an additional 102,012 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of National Health Investors by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,113,771 shares of the real estate investment trust’s stock worth $77,201,000 after acquiring an additional 19,201 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of National Health Investors by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 634,430 shares of the real estate investment trust’s stock valued at $43,966,000 after purchasing an additional 20,631 shares in the last quarter. Northern Trust Corp grew its holdings in shares of National Health Investors by 19.9% during the 4th quarter. Northern Trust Corp now owns 613,791 shares of the real estate investment trust’s stock valued at $42,536,000 after purchasing an additional 101,808 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC raised its position in National Health Investors by 1.0% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 611,275 shares of the real estate investment trust’s stock worth $42,361,000 after purchasing an additional 6,230 shares during the period. Institutional investors own 62.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports 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 report on Thursday, July 10th. 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 report on Wednesday, July 2nd. Finally, Wedbush upgraded National Health Investors to a “strong-buy” rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, National Health Investors currently has a consensus rating of “Moderate Buy” and an average price target of $84.60.

National Health Investors Trading Up 0.4%

Shares of NHI opened at $70.50 on Monday. The stock has a market capitalization of $3.29 billion, a P/E ratio of 22.38, a PEG ratio of 3.55 and a beta of 0.73. The company has a quick ratio of 16.55, a current ratio of 16.55 and a debt-to-equity ratio of 0.88. The firm has a fifty day simple moving average of $71.82 and a two-hundred day simple moving average of $71.73. National Health Investors, Inc. has a twelve month low of $65.13 and a twelve month high of $86.13.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share 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 analysts’ expectations 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 for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 EPS. On average, research analysts anticipate that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Monday, June 30th. National Health Investors’s payout ratio is 114.29%.

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.