Cwm LLC Lowers Stake in National Health Investors, Inc. (NYSE:NHI)

Cwm LLC decreased its position in shares of National Health Investors, Inc. (NYSE:NHI) by 6.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,821 shares of the real estate investment trust’s stock after selling 1,018 shares during the quarter. Cwm LLC’s holdings in National Health Investors were worth $1,330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in National Health Investors by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 6,189,864 shares of the real estate investment trust’s stock valued at $388,909,000 after acquiring an additional 43,520 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its position in National Health Investors by 8.4% during the first quarter. Lasalle Investment Management Securities LLC now owns 508,035 shares of the real estate investment trust’s stock worth $31,920,000 after buying an additional 39,554 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in National Health Investors by 16.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 472,959 shares of the real estate investment trust’s stock worth $32,034,000 after buying an additional 65,104 shares during the last quarter. Land & Buildings Investment Management LLC boosted its stake in National Health Investors by 4.6% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 417,834 shares of the real estate investment trust’s stock worth $28,300,000 after buying an additional 18,232 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in National Health Investors by 4.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 197,863 shares of the real estate investment trust’s stock valued at $12,432,000 after buying an additional 8,642 shares during the period. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lowered shares of National Health Investors from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $81.00 to $86.00 in a report on Tuesday, October 1st. Truist Financial increased their price target on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Bank of America assumed 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. Finally, StockNews.com downgraded National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.29.

National Health Investors Price Performance

NHI opened at $78.11 on Thursday. National Health Investors, Inc. has a 52-week low of $48.51 and a 52-week high of $86.13. The company has a 50 day moving average of $80.37 and a two-hundred day moving average of $71.44. The company has a market cap of $3.39 billion, a P/E ratio of 25.61, a P/E/G ratio of 4.78 and a beta of 1.04. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91.

National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). National Health Investors had a net margin of 39.11% and a return on equity of 10.11%. The business had revenue of $84.97 million for the quarter, compared to analyst estimates of $64.95 million. During the same quarter in the previous year, the firm posted $1.06 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that National Health Investors, Inc. will post 4.55 earnings per share for the current year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be paid a $0.90 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.61%. National Health Investors’s dividend payout ratio (DPR) is currently 118.03%.

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.