National Health Investors, Inc. (NYSE:NHI) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its position in National Health Investors, Inc. (NYSE:NHI) by 135.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,088 shares of the real estate investment trust’s stock after acquiring an additional 44,938 shares during the quarter. Edgestream Partners L.P. owned approximately 0.17% of National Health Investors worth $6,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NHI. Charles Schwab Investment Management Inc. increased its stake in National Health Investors by 17.0% during the third 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 purchasing an additional 123,596 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of National Health Investors by 16.0% during the 2nd 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 buying an additional 65,104 shares during the last quarter. Land & Buildings Investment Management LLC raised its stake in National Health Investors by 4.6% during the second quarter. Land & Buildings Investment Management LLC now owns 417,834 shares of the real estate investment trust’s stock worth $28,300,000 after acquiring an additional 18,232 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in National Health Investors by 332.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 242,326 shares of the real estate investment trust’s stock worth $20,370,000 after acquiring an additional 186,238 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in National Health Investors by 10.8% in 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 last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Stock Down 0.3 %

NHI opened at $76.66 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. National Health Investors, Inc. has a 12 month low of $51.59 and a 12 month high of $86.13. The stock’s 50 day moving average price is $78.88 and its 200 day moving average price is $74.69. The stock has a market cap of $3.48 billion, a P/E ratio of 26.34, a P/E/G ratio of 5.13 and a beta of 1.05.

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

National Health Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.90 per share. 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 payout ratio is currently 123.71%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NHI. StockNews.com cut National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Wells Fargo & Company lowered National Health Investors from an “overweight” rating to an “equal weight” rating and increased their target price for the stock 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 target price on the stock. Finally, Truist Financial upped 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 report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, National Health Investors has a consensus rating of “Moderate Buy” and a consensus 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.