Commerce Bank Has $450,000 Stake in National Health Investors, Inc. (NYSE:NHI)

Commerce Bank reduced its holdings in National Health Investors, Inc. (NYSE:NHI) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,351 shares of the real estate investment trust’s stock after selling 165 shares during the quarter. Commerce Bank’s holdings in National Health Investors were worth $450,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Strategic Financial Concepts LLC acquired a new position in National Health Investors in the second quarter worth $28,000. Acadian Asset Management LLC acquired a new position in National Health Investors during the 2nd quarter worth about $457,000. LSV Asset Management grew its holdings in National Health Investors by 3.7% during the 2nd quarter. LSV Asset Management now owns 131,400 shares of the real estate investment trust’s stock worth $8,900,000 after acquiring an additional 4,700 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in National Health Investors in the 2nd quarter valued at about $2,465,000. Finally, Sound Income Strategies LLC raised its stake in shares of 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 currently owned by institutional investors.

National Health Investors Trading Up 0.6 %

NYSE:NHI opened at $77.44 on Wednesday. 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, Inc. has a 1-year low of $51.59 and a 1-year high of $86.13. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 5.19 and a beta of 1.05. The business’s 50-day moving average price is $79.32 and its two-hundred day moving average price is $74.57.

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

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors 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 yield of 4.65%. The ex-dividend date is Tuesday, December 31st. National Health Investors’s payout ratio is presently 123.71%.

Analyst Upgrades and Downgrades

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

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.