Public Employees Retirement System of Ohio Buys 2,656 Shares of National Health Investors, Inc. $NHI

Public Employees Retirement System of Ohio lifted its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,931 shares of the real estate investment trust’s stock after purchasing an additional 2,656 shares during the quarter. Public Employees Retirement System of Ohio owned 0.14% of National Health Investors worth $4,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of National Health Investors by 49.8% during the 1st 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 last quarter. Farther Finance Advisors LLC grew its holdings in shares of National Health Investors by 5,000.0% during the 1st 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 last quarter. NewEdge Advisors LLC grew its holdings in shares of National Health Investors by 28.7% during the 1st 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 last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of National Health Investors during the 1st quarter valued at approximately $206,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of National Health Investors during the 4th quarter valued at approximately $226,000. 62.51% of the stock is owned by institutional investors.

National Health Investors Trading Down 1.5%

NYSE:NHI opened at $78.64 on Tuesday. The firm’s fifty day moving average is $75.98 and its 200-day moving average is $73.97. The company has a debt-to-equity ratio of 0.75, a quick ratio of 10.91 and a current ratio of 10.91. National Health Investors, Inc. has a 52 week low of $65.13 and a 52 week high of $84.16. The firm has a market cap of $3.73 billion, a P/E ratio of 25.12, a P/E/G ratio of 3.43 and a beta of 0.76.

National Health Investors (NYSE:NHI) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share (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 company had revenue of $70.27 million for the quarter, compared to the consensus estimate of $86.46 million. During the same quarter in the previous year, the company earned $1.18 EPS. National Health Investors’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 30th. This is a boost from National Health Investors’s previous quarterly dividend of $0.90. National Health Investors’s dividend payout ratio is presently 115.02%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NHI. Wells Fargo & Company lifted their price target on shares of National Health Investors from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Wedbush raised shares of National Health Investors to a “strong-buy” rating in a report on Wednesday, July 2nd. KeyCorp raised 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 report on Thursday, July 10th. Finally, Truist Financial boosted their target price on shares of National Health Investors from $77.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, National Health Investors currently has a consensus rating of “Buy” and an average target price of $82.25.

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.