National Health Investors, Inc. (NYSE:NHI) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 0.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 62,473 shares of the real estate investment trust’s stock after acquiring an additional 470 shares during the period. Public Employees Retirement System of Ohio’s holdings in National Health Investors were worth $5,251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in National Health Investors by 2,651.9% during the second quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 716 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of 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 acquiring an additional 65,104 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of National Health Investors in the 2nd quarter worth approximately $5,089,000. International Assets Investment Management LLC purchased a new position in National Health Investors in the 2nd quarter valued at approximately $36,000. Finally, Van ECK Associates Corp raised its holdings in National Health Investors by 6.9% during the second quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 416 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Trading Up 0.6 %

National Health Investors stock opened at $72.76 on Friday. The stock has a 50-day moving average price of $77.01 and a 200 day moving average price of $75.45. National Health Investors, Inc. has a 52 week low of $51.59 and a 52 week high of $86.13. The stock has a market cap of $3.30 billion, a PE ratio of 25.00, a P/E/G ratio of 4.87 and a beta of 1.04. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). The firm had revenue of $63.32 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.95%. 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 analysts have weighed in on NHI shares. Truist Financial upped their target price on National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company cut shares of National Health Investors from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $81.00 to $86.00 in a research note on Tuesday, October 1st. StockNews.com cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Bank of America started coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, National Health Investors presently has an average rating of “Moderate Buy” and an average 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.