Van ECK Associates Corp Boosts Holdings in National Health Investors, Inc. (NYSE:NHI)

Van ECK Associates Corp lifted its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 12.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,192 shares of the real estate investment trust’s stock after acquiring an additional 788 shares during the period. Van ECK Associates Corp’s holdings in National Health Investors were worth $550,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NHI. Strategic Financial Concepts LLC acquired a new position in shares of National Health Investors in the 2nd quarter valued at $28,000. International Assets Investment Management LLC acquired a new position in National Health Investors in the second quarter valued at $36,000. Blue Trust Inc. grew its position in National Health Investors by 2,651.9% during the second quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 716 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in National Health Investors during the third quarter worth about $70,000. Finally, USA Financial Formulas lifted its stake in shares of National Health Investors by 172.8% in the 3rd quarter. USA Financial Formulas now owns 922 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 584 shares in the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NHI has been the topic of several research reports. Bank of America started coverage on shares of National Health Investors in a report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price target on the stock. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Truist Financial increased their price target on National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company cut National Health Investors from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $81.00 to $86.00 in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.29.

National Health Investors Stock Down 1.0 %

Shares of National Health Investors stock opened at $80.26 on Wednesday. National Health Investors, Inc. has a 1-year low of $50.57 and a 1-year high of $86.13. The company has a market capitalization of $3.65 billion, a PE ratio of 27.58, a P/E/G ratio of 5.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.27. The business has a 50-day moving average of $80.35 and a 200-day moving average of $73.74.

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

National Health Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.49%. The ex-dividend date is Tuesday, December 31st. National Health Investors’s dividend payout ratio is currently 123.71%.

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.