Swiss National Bank Sells 800 Shares of National Health Investors, Inc. (NYSE:NHI)

Swiss National Bank decreased its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,820 shares of the real estate investment trust’s stock after selling 800 shares during the period. Swiss National Bank owned approximately 0.20% of National Health Investors worth $7,130,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Thrivent Financial for Lutherans bought a new stake in shares of National Health Investors during the third quarter worth $2,426,000. Metis Global Partners LLC increased its position in shares of National Health Investors by 31.2% during the third quarter. Metis Global Partners LLC now owns 4,474 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 1,065 shares in the last quarter. Pinnacle Financial Partners Inc grew its position in National Health Investors by 7.7% in the third quarter. Pinnacle Financial Partners Inc now owns 49,488 shares of the real estate investment trust’s stock valued at $4,160,000 after purchasing an additional 3,546 shares in the last quarter. Victory Capital Management Inc. grew its position in National Health Investors by 3.1% in the third quarter. Victory Capital Management Inc. now owns 24,405 shares of the real estate investment trust’s stock valued at $2,051,000 after purchasing an additional 739 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in National Health Investors in the third quarter valued at $2,017,000. Institutional investors own 62.51% of the company’s stock.

Analyst Ratings Changes

NHI has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 target price for the company. Truist Financial raised 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 report on Friday, August 30th. Wells Fargo & Company downgraded shares of National Health Investors from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $81.00 to $86.00 in a research report on Tuesday, October 1st. Finally, StockNews.com downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.29.

National Health Investors Stock Performance

Shares of NHI stock opened at $77.00 on Tuesday. The stock has a market cap of $3.50 billion, a P/E ratio of 26.46, a P/E/G ratio of 5.19 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 10.29. The company has a fifty day moving average price of $79.32 and a two-hundred day moving average price of $74.57. National Health Investors, Inc. has a one year low of $51.59 and a one year high of $86.13.

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

National Health Investors Dividend Announcement

The company also recently announced 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. This represents a $3.60 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Tuesday, December 31st. National Health Investors’s payout ratio is presently 123.71%.

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.