Capital Fund Management S.A. Buys New Position in National Health Investors, Inc. (NYSE:NHI)

Capital Fund Management S.A. bought a new stake in shares of National Health Investors, Inc. (NYSE:NHI) during the fourth quarter, HoldingsChannel reports. The firm bought 12,199 shares of the real estate investment trust’s stock, valued at approximately $845,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new position in National Health Investors in the fourth quarter valued at about $42,322,000. Centersquare Investment Management LLC boosted its stake in National Health Investors by 35.9% during the fourth quarter. Centersquare Investment Management LLC now owns 394,433 shares of the real estate investment trust’s stock valued at $27,334,000 after buying an additional 104,186 shares during the last quarter. Vanguard Group Inc. lifted its position in National Health Investors by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust’s stock valued at $445,128,000 after purchasing an additional 102,012 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of National Health Investors by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock worth $114,242,000 after buying an additional 82,825 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in National Health Investors by 13.0% during the fourth quarter. Prudential Financial Inc. now owns 476,371 shares of the real estate investment trust’s stock valued at $33,013,000 after purchasing an additional 54,936 shares during the period. 62.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Truist Financial upped their price objective on National Health Investors from $70.00 to $76.00 and gave the company a “hold” rating in a research report on Wednesday, March 19th. Wedbush restated an “outperform” rating and issued a $88.00 price target on shares of National Health Investors in a report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.50.

National Health Investors Price Performance

Shares of NYSE NHI opened at $75.48 on Thursday. National Health Investors, Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $86.13. The firm has a market capitalization of $3.52 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The stock’s 50-day simple moving average is $72.01 and its 200-day simple moving average is $73.21.

National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The company had revenue of $85.75 million for the quarter, compared to analysts’ expectations of $81.13 million. As a group, equities research analysts forecast that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 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 4.77%. The ex-dividend date is Monday, March 31st. National Health Investors’s dividend payout ratio is currently 115.38%.

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.