Citigroup Inc. cut its holdings in National Health Investors, Inc. (NYSE:NHI – Free Report) by 26.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 52,838 shares of the real estate investment trust’s stock after selling 19,465 shares during the period. Citigroup Inc. owned 0.11% of National Health Investors worth $4,201,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in shares of National Health Investors by 19.0% during the second quarter. Assetmark Inc. now owns 925 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 148 shares during the last quarter. Creative Planning lifted its position in National Health Investors by 2.2% during the second quarter. Creative Planning now owns 8,217 shares of the real estate investment trust’s stock worth $576,000 after buying an additional 177 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of National Health Investors by 5.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 177 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in National Health Investors by 4.5% in the first quarter. Summit Investment Advisors Inc. now owns 4,429 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 189 shares during the period. Finally, NFP Retirement Inc. increased its position in National Health Investors by 0.8% during the second quarter. NFP Retirement Inc. now owns 24,858 shares of the real estate investment trust’s stock worth $1,743,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.
National Health Investors Trading Down 2.2%
Shares of NHI opened at $84.80 on Thursday. National Health Investors, Inc. has a 12 month low of $66.41 and a 12 month high of $91.38. The stock’s 50-day moving average is $82.27 and its two-hundred day moving average is $78.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 6.90 and a quick ratio of 6.90. The stock has a market cap of $4.10 billion, a PE ratio of 28.08, a P/E/G ratio of 4.65 and a beta of 0.65.
National Health Investors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Tuesday, March 31st will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 31st. National Health Investors’s dividend payout ratio (DPR) is presently 121.85%.
Analysts Set New Price Targets
A number of brokerages have weighed in on NHI. Cantor Fitzgerald set a $85.00 price target on shares of National Health Investors in a report on Monday, January 5th. KeyCorp increased their target price on National Health Investors from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. National Bank Financial set a $85.00 target price on National Health Investors in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft lowered National Health Investors from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research note on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of National Health Investors in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, National Health Investors presently has an average rating of “Moderate Buy” and a consensus target price of $85.57.
Get Our Latest Research Report on NHI
About National Health Investors
National Health Investors, Inc (NYSE: NHI) is a specialized real estate investment trust (REIT) focused on owning and financing high-quality healthcare and senior housing facilities in the United States. The company’s portfolio encompasses a diverse range of properties, including skilled nursing centers, assisted living and memory care communities, behavioral health facilities, dialysis clinics, and medical office buildings. NHI typically enters into long-term net-lease agreements with experienced healthcare operators, providing stable and predictable rental income streams while enabling its tenants to concentrate on delivering quality care.
Since its founding in 1991 and initial public offering later that year, National Health Investors has pursued a disciplined growth strategy centered on strategic acquisitions, joint ventures, and selective development.
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