Edgestream Partners L.P. Has $3.70 Million Stock Position in National Health Investors, Inc. (NYSE:NHI)

Edgestream Partners L.P. reduced its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 31.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,395 shares of the real estate investment trust’s stock after selling 24,693 shares during the quarter. Edgestream Partners L.P.’s holdings in National Health Investors were worth $3,700,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of National Health Investors in the 3rd quarter valued at approximately $27,000. Covestor Ltd lifted its stake in National Health Investors by 2,700.0% in the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 405 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in National Health Investors in the third quarter valued at approximately $35,000. Loomis Sayles & Co. L P bought a new stake in shares of National Health Investors during the third quarter worth $38,000. Finally, Assetmark Inc. increased its holdings in shares of National Health Investors by 27.8% during the third quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 141 shares in the last quarter. Institutional investors own 62.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

National Health Investors Trading Up 1.4 %

Shares of NYSE NHI opened at $72.86 on Friday. The firm has a 50 day moving average price of $69.09 and a two-hundred day moving average price of $74.94. The stock has a market cap of $3.33 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08. National Health Investors, Inc. has a 52-week low of $57.80 and a 52-week high of $86.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29.

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

National Health Investors Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.94%. National Health Investors’s dividend payout ratio (DPR) is 115.38%.

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.