State of Alaska Department of Revenue Has $1.57 Million Stake in National Health Investors, Inc. $NHI

State of Alaska Department of Revenue grew its position in shares of National Health Investors, Inc. (NYSE:NHI) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,374 shares of the real estate investment trust’s stock after buying an additional 1,144 shares during the quarter. State of Alaska Department of Revenue’s holdings in National Health Investors were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in National Health Investors by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 588,871 shares of the real estate investment trust’s stock worth $43,494,000 after purchasing an additional 31,451 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in National Health Investors by 25.7% in the 1st quarter. Centersquare Investment Management LLC now owns 495,971 shares of the real estate investment trust’s stock worth $36,632,000 after purchasing an additional 101,538 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in National Health Investors by 3.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 478,900 shares of the real estate investment trust’s stock worth $35,372,000 after purchasing an additional 15,497 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in National Health Investors by 9.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,937 shares of the real estate investment trust’s stock worth $18,460,000 after purchasing an additional 21,851 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in National Health Investors by 706.6% in the 1st quarter. MetLife Investment Management LLC now owns 213,730 shares of the real estate investment trust’s stock worth $15,786,000 after purchasing an additional 187,233 shares during the last quarter. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wedbush upgraded National Health Investors to a “strong-buy” rating in a report on Wednesday, July 2nd. Truist Financial boosted their target price on National Health Investors from $77.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Wells Fargo & Company boosted their target price on National Health Investors from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Health Investors in a research report on Saturday, September 27th. Finally, National Bankshares set a $90.00 price target on National Health Investors in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, National Health Investors presently has an average rating of “Buy” and a consensus price target of $84.83.

National Health Investors Stock Performance

NHI opened at $78.47 on Friday. The stock has a market cap of $3.72 billion, a PE ratio of 25.07, a P/E/G ratio of 3.38 and a beta of 0.77. The company has a current ratio of 10.91, a quick ratio of 10.91 and a debt-to-equity ratio of 0.75. National Health Investors, Inc. has a 1 year low of $65.13 and a 1 year high of $82.32. The stock’s 50 day simple moving average is $76.61 and its 200-day simple moving average is $74.09.

National Health Investors (NYSE:NHI) last released its quarterly earnings data 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. The business had revenue of $70.27 million for the quarter, compared to analysts’ expectations of $86.46 million. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%.National Health Investors’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. Sell-side analysts forecast that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 4.7%. This is a positive change from National Health Investors’s previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, September 30th. National Health Investors’s dividend payout ratio (DPR) is currently 117.57%.

National Health Investors 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.