Intech Investment Management LLC Takes $720,000 Position in National Health Investors, Inc. (NYSE:NHI)

Intech Investment Management LLC acquired a new position in shares of National Health Investors, Inc. (NYSE:NHI) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 8,563 shares of the real estate investment trust’s stock, valued at approximately $720,000.

A number of other hedge funds have also modified their holdings of NHI. Sound Income Strategies LLC boosted its position in shares of National Health Investors by 21,963.3% in the 2nd quarter. Sound Income Strategies LLC now owns 153,119 shares of the real estate investment trust’s stock valued at $10,371,000 after purchasing an additional 152,425 shares during the period. Lee Danner & Bass Inc. acquired a new position in shares of National Health Investors in the second quarter worth about $5,089,000. Easterly Investment Partners LLC purchased a new position in shares of National Health Investors in the third quarter worth approximately $5,632,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of National Health Investors by 16.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 472,959 shares of the real estate investment trust’s stock valued at $32,034,000 after acquiring an additional 65,104 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its position in shares of 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 valued at $8,409,000 after acquiring an additional 47,278 shares in the last quarter. 62.51% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Stock Performance

Shares of NYSE NHI opened at $76.66 on Friday. National Health Investors, Inc. has a one year low of $51.59 and a one year high of $86.13. The business’s 50-day moving average price is $78.88 and its two-hundred day moving average price is $74.69. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. The company has a market capitalization of $3.48 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 5.13 and a beta of 1.05.

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 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 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%. National Health Investors’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 EPS. Analysts anticipate that National Health Investors, Inc. will post 4.42 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, December 31st will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s dividend payout ratio is presently 123.71%.

Analyst Ratings Changes

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

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.