Fmr LLC Has $223,000 Position in National Health Investors, Inc. (NYSE:NHI)

Fmr LLC lessened its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 94.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,653 shares of the real estate investment trust’s stock after selling 43,044 shares during the quarter. Fmr LLC’s holdings in National Health Investors were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NHI. Charles Schwab Investment Management Inc. grew its holdings in National Health Investors by 17.0% in the 3rd 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 in the last quarter. Land & Buildings Investment Management LLC grew its stake in shares of National Health Investors by 4.6% in the second quarter. Land & Buildings Investment Management LLC now owns 417,834 shares of the real estate investment trust’s stock valued at $28,300,000 after acquiring an additional 18,232 shares in the last quarter. Sound Income Strategies LLC increased its position in National Health Investors by 10.8% during the third quarter. Sound Income Strategies LLC now owns 169,582 shares of the real estate investment trust’s stock worth $14,255,000 after acquiring an additional 16,463 shares during the period. LSV Asset Management increased its position in National Health Investors by 3.7% during the second quarter. LSV Asset Management now owns 131,400 shares of the real estate investment trust’s stock worth $8,900,000 after acquiring an additional 4,700 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in National Health Investors by 61.5% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 124,153 shares of the real estate investment trust’s stock worth $8,409,000 after purchasing an additional 47,278 shares in the last quarter. Institutional investors own 62.51% of the company’s stock.

National Health Investors Price Performance

National Health Investors stock opened at $69.85 on Friday. The stock has a 50-day moving average price of $76.02 and a two-hundred day moving average price of $75.54. National Health Investors, Inc. has a 12 month low of $51.59 and a 12 month high of $86.13. The company has a market capitalization of $3.17 billion, a PE ratio of 24.00, a P/E/G ratio of 4.86 and a beta of 1.04. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data 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 business had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 EPS. Analysts expect that National Health Investors, Inc. will post 4.42 EPS for the current year.

National Health Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be given a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.15%. National Health Investors’s dividend payout ratio (DPR) is currently 123.71%.

Wall Street Analysts Forecast Growth

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

National Health Investors Company 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.