SG Americas Securities LLC Sells 10,144 Shares of National Health Investors, Inc. (NYSE:NHI)

SG Americas Securities LLC decreased its position in shares of National Health Investors, Inc. (NYSE:NHI) by 49.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,369 shares of the real estate investment trust’s stock after selling 10,144 shares during the quarter. SG Americas Securities LLC’s holdings in National Health Investors were worth $702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in shares of National Health Investors by 0.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,707 shares of the real estate investment trust’s stock valued at $1,324,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of National Health Investors by 6.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 238 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of National Health Investors by 4.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 8,200 shares of the real estate investment trust’s stock valued at $458,000 after buying an additional 359 shares during the last quarter. Compass Wealth Management LLC purchased a new position in shares of National Health Investors during the first quarter valued at approximately $30,000. Finally, ProShare Advisors LLC boosted its position in shares of National Health Investors by 8.5% during the first quarter. ProShare Advisors LLC now owns 7,506 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 591 shares during the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

National Health Investors Stock Down 1.3 %

Shares of NYSE NHI opened at $74.29 on Monday. National Health Investors, Inc. has a one year low of $48.51 and a one year high of $76.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 13.24 and a quick ratio of 13.24. The business’s fifty day moving average price is $70.89 and its 200-day moving average price is $64.29. The stock has a market capitalization of $3.23 billion, a PE ratio of 24.36 and a beta of 1.02.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). National Health Investors had a net margin of 41.40% and a return on equity of 10.41%. The firm had revenue of $84.97 million for the quarter, compared to analysts’ expectations of $64.95 million. During the same period in the prior year, the company earned $1.06 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that National Health Investors, Inc. will post 4.4 EPS for the current year.

National Health Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.85%. National Health Investors’s payout ratio is 118.03%.

Insider Activity at National Health Investors

In related news, Director Robert A. Mccabe, Jr. acquired 437 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of $65.83 per share, for a total transaction of $28,767.71. Following the purchase, the director now owns 21,585 shares in the company, valued at approximately $1,420,940.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NHI has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. StockNews.com raised National Health Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Truist Financial boosted their price objective on National Health Investors from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, National Health Investors currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.13.

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.