Los Angeles Capital Management LLC Sells 8,374 Shares of National Health Investors, Inc. (NYSE:NHI)

Los Angeles Capital Management LLC reduced its stake in National Health Investors, Inc. (NYSE:NHI) by 55.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,825 shares of the real estate investment trust’s stock after selling 8,374 shares during the period. Los Angeles Capital Management LLC’s holdings in National Health Investors were worth $473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jane Street Group LLC increased its stake in National Health Investors by 68.3% in the third quarter. Jane Street Group LLC now owns 60,099 shares of the real estate investment trust’s stock valued at $5,052,000 after acquiring an additional 24,380 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in National Health Investors during the 3rd quarter valued at approximately $2,426,000. Point72 Asset Management L.P. bought a new stake in shares of National Health Investors during the 3rd quarter valued at about $688,000. Charles Schwab Investment Management Inc. increased its position in shares of National Health Investors by 17.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust’s stock valued at $71,651,000 after buying an additional 123,596 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of National Health Investors in the 3rd quarter valued at approximately $720,000. 62.51% of the stock is currently owned by institutional investors.

National Health Investors Stock Up 2.2 %

NHI opened at $73.23 on Tuesday. The company has a market capitalization of $3.35 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 4.42 and a beta of 1.06. National Health Investors, Inc. has a 52 week low of $57.50 and a 52 week high of $86.13. The firm has a 50-day simple moving average of $68.81 and a two-hundred day simple moving average of $75.00. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $85.75 million during the quarter, compared to the consensus estimate of $81.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. Analysts forecast that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors’s dividend payout ratio (DPR) is presently 115.38%.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their price objective on National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $76.60.

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.