Intech Investment Management LLC Boosts Stock Holdings in National Health Investors, Inc. $NHI

Intech Investment Management LLC increased its position in shares of National Health Investors, Inc. (NYSE:NHI) by 21.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,578 shares of the real estate investment trust’s stock after purchasing an additional 5,117 shares during the period. Intech Investment Management LLC owned approximately 0.06% of National Health Investors worth $2,111,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

NHI has been the topic of several research reports. Truist Financial increased their price target on shares of National Health Investors from $77.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Wedbush upgraded shares of National Health Investors to a “strong-buy” rating in a research report on Wednesday, July 2nd. Wells Fargo & Company raised their target price on shares of National Health Investors from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. Finally, KeyCorp upgraded shares of 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $84.20.

National Health Investors Stock Performance

Shares of NHI stock opened at $77.84 on Wednesday. The company’s fifty day simple moving average is $74.48 and its 200-day simple moving average is $73.61. National Health Investors, Inc. has a 52 week low of $65.13 and a 52 week high of $85.98. 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 company has a market cap of $3.70 billion, a PE ratio of 24.87, a P/E/G ratio of 3.39 and a beta of 0.76.

National Health Investors (NYSE:NHI) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. National Health Investors had a net margin of 40.97% and a return on equity of 10.32%. The business had revenue of $70.27 million for the quarter, compared to the consensus estimate of $86.46 million. During the same quarter last year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities research analysts anticipate that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from National Health Investors’s previous quarterly dividend of $0.90. National Health Investors’s dividend payout ratio (DPR) is 115.02%.

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.