Tidal Investments LLC Increases Holdings in National Health Investors, Inc. (NYSE:NHI)

Tidal Investments LLC boosted its position in National Health Investors, Inc. (NYSE:NHI) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,762 shares of the real estate investment trust’s stock after buying an additional 254 shares during the period. Tidal Investments LLC’s holdings in National Health Investors were worth $568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of NHI. Quarry LP acquired a new stake in shares of National Health Investors in the third quarter worth $27,000. Covestor Ltd grew its position in National Health Investors by 2,700.0% during the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 405 shares during the period. Point72 DIFC Ltd purchased a new position in shares of National Health Investors during the 3rd quarter valued at about $35,000. Loomis Sayles & Co. L P acquired a new position in shares of National Health Investors in the 3rd quarter valued at about $38,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of National Health Investors in the second quarter worth about $36,000. Institutional investors and hedge funds own 62.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on NHI shares. StockNews.com cut National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Bank of America began coverage on shares of National Health Investors in a research note on Tuesday, September 24th. They issued a “buy” rating and a $92.00 target price for the company. Wells Fargo & Company lowered shares of National Health Investors from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $81.00 to $86.00 in a research report on Tuesday, October 1st. Finally, Truist Financial upped their price objective on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $76.33.

National Health Investors Stock Up 1.5 %

NHI stock opened at $69.85 on Monday. National Health Investors, Inc. has a 52 week low of $51.59 and a 52 week high of $86.13. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. The firm has a 50-day simple moving average of $76.02 and a 200-day simple moving average of $75.60. The stock has a market capitalization of $3.17 billion, a P/E ratio of 24.00, a P/E/G ratio of 4.86 and a beta of 1.04.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). The firm had revenue of $63.32 million during the quarter, compared to analyst estimates of $67.93 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. Equities analysts forecast that National Health Investors, Inc. will post 4.42 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.60 annualized dividend and a yield of 5.15%. National Health Investors’s dividend payout ratio is presently 123.71%.

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.