National Health Investors, Inc. (NYSE:NHI) Shares Sold by Equitable Trust Co.

Equitable Trust Co. lessened its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 33.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,310 shares of the real estate investment trust’s stock after selling 1,630 shares during the period. Equitable Trust Co.’s holdings in National Health Investors were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NHI. Strategic Financial Concepts LLC purchased a new stake in National Health Investors in the second quarter valued at $28,000. International Assets Investment Management LLC purchased a new stake in shares of National Health Investors in the 2nd quarter valued at about $36,000. Blue Trust Inc. grew its stake in National Health Investors by 2,651.9% during the 2nd 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 during the last quarter. Harbor Capital Advisors Inc. acquired a new position in National Health Investors during the third quarter worth approximately $70,000. Finally, USA Financial Formulas lifted its stake in National Health Investors by 172.8% in the third quarter. USA Financial Formulas now owns 922 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 584 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NHI. Bank of America started coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They set a “buy” rating and a $92.00 target price on the stock. Wells Fargo & Company cut shares of National Health Investors from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $81.00 to $86.00 in a research note on Tuesday, October 1st. StockNews.com downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Truist Financial lifted their target price on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.29.

National Health Investors Stock Up 2.0 %

Shares of NYSE NHI opened at $81.20 on Monday. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 5.46 and a beta of 1.05. National Health Investors, Inc. has a 52 week low of $50.12 and a 52 week high of $86.13. The firm has a 50-day moving average price of $80.36 and a 200 day moving average price of $73.49. The company has a quick ratio of 10.27, a current ratio of 10.29 and a debt-to-equity ratio of 0.92.

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

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s dividend payout ratio (DPR) is presently 123.71%.

National Health Investors 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.