National Health Investors, Inc. (NYSE:NHI) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 1,967.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 488,353 shares of the real estate investment trust’s stock after purchasing an additional 464,727 shares during the quarter. Millennium Management LLC owned approximately 1.08% of National Health Investors worth $33,843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NHI. Norges Bank acquired a new stake in National Health Investors during the 4th quarter worth $42,322,000. Balyasny Asset Management L.P. acquired a new stake in National Health Investors during the 4th quarter worth $23,917,000. Marshall Wace LLP boosted its stake in National Health Investors by 161.6% during the 4th quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust’s stock worth $38,225,000 after purchasing an additional 340,712 shares during the last quarter. Land & Buildings Investment Management LLC boosted its stake in National Health Investors by 109.4% during the 4th quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust’s stock worth $32,367,000 after purchasing an additional 243,999 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in National Health Investors by 35.9% during the 4th quarter. Centersquare Investment Management LLC now owns 394,433 shares of the real estate investment trust’s stock worth $27,334,000 after purchasing an additional 104,186 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NHI shares. Wedbush reissued an “outperform” rating and set a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial boosted their price target on shares of National Health Investors from $70.00 to $76.00 and gave the company a “hold” rating in a research report on Wednesday, March 19th. Three investment 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 company currently has a consensus rating of “Hold” and an average target price of $85.50.

National Health Investors Trading Up 0.7%

Shares of NHI stock opened at $75.16 on Monday. The company’s 50-day moving average price is $74.25 and its 200-day moving average price is $72.67. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 4.42 and a beta of 0.78. National Health Investors, Inc. has a twelve month low of $63.91 and a twelve month high of $86.13.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $68.87 million for the quarter, compared to analyst estimates of $85.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. National Health Investors’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. As a group, equities analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be issued a $0.90 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.60 annualized dividend and a yield of 4.79%. National Health Investors’s dividend payout ratio (DPR) is currently 114.29%.

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.