National Health Investors, Inc. $NHI Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd cut its holdings in National Health Investors, Inc. (NYSE:NHI) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,775 shares of the real estate investment trust’s stock after selling 881 shares during the period. IFM Investors Pty Ltd’s holdings in National Health Investors were worth $648,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NHI. Smartleaf Asset Management LLC raised its position in National Health Investors by 49.8% in the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 147 shares during the period. GF Fund Management CO. LTD. purchased a new stake in National Health Investors in the fourth quarter valued at approximately $58,000. Farther Finance Advisors LLC raised its position in National Health Investors by 5,000.0% in the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 900 shares during the period. NewEdge Advisors LLC raised its position in National Health Investors by 28.7% in the first quarter. NewEdge Advisors LLC now owns 1,546 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 345 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in National Health Investors in the first quarter valued at approximately $206,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. KeyCorp raised National Health Investors from a “sector weight” rating to an “overweight” rating and set a $80.00 target price on the stock in a research report on Thursday, July 10th. Wells Fargo & Company boosted their target price on National Health Investors from $76.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. Truist Financial boosted their target price on National Health Investors from $77.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Finally, Wedbush raised National Health Investors to a “strong-buy” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Health Investors currently has a consensus rating of “Buy” and an average price target of $84.20.

National Health Investors Stock Down 1.1%

National Health Investors stock opened at $78.20 on Friday. National Health Investors, Inc. has a twelve month low of $65.13 and a twelve month high of $86.13. The stock’s fifty day simple moving average is $74.15 and its 200-day simple moving average is $73.51. The company has a current ratio of 10.91, a quick ratio of 10.91 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3.71 billion, a P/E ratio of 24.98, a P/E/G ratio of 3.40 and a beta of 0.76.

National Health Investors (NYSE:NHI) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $70.27 million for the quarter, compared to analyst estimates of $86.46 million. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%.The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. As a group, equities analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 4.7%. This is a boost from National Health Investors’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, September 30th. National Health Investors’s dividend payout ratio is currently 117.57%.

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.