National Health Investors, Inc. (NYSE:NHI) Short Interest Update

National Health Investors, Inc. (NYSE:NHI) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 2,220,000 shares, an increase of 53.1% from the November 15th total of 1,450,000 shares. Based on an average trading volume of 255,700 shares, the days-to-cover ratio is currently 8.7 days. Approximately 5.1% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Truist Financial increased their price objective on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company cut National Health Investors from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $81.00 to $86.00 in a research report on Tuesday, October 1st. Finally, Bank of America began coverage on National Health Investors in a research report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.33.

Hedge Funds Weigh In On National Health Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NHI. Blue Trust Inc. raised its holdings in shares of National Health Investors by 2,651.9% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 716 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of National Health Investors by 16.0% during 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 in the last quarter. Shayne & Jacobs LLC acquired a new position in shares of National Health Investors in the 2nd quarter worth $210,000. Lee Danner & Bass Inc. acquired a new stake in shares of National Health Investors during the second quarter worth $5,089,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of National Health Investors during the second quarter valued at $36,000. 62.51% of the stock is owned by institutional investors.

National Health Investors Stock Performance

NHI traded up $0.45 during trading hours on Friday, hitting $72.76. The company’s stock had a trading volume of 299,587 shares, compared to its average volume of 199,209. The company has a 50-day simple moving average of $77.01 and a 200 day simple moving average of $75.45. 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 firm has a market capitalization of $3.30 billion, a PE ratio of 25.00, a PEG ratio of 4.87 and a beta of 1.04. National Health Investors has a fifty-two week low of $51.59 and a fifty-two week high of $86.13.

National Health Investors (NYSE:NHI) last posted 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 company had revenue of $63.32 million during the quarter, compared to analyst estimates of $67.93 million. During the same period in the previous year, the company earned $1.08 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, sell-side analysts expect that National Health Investors will post 4.42 EPS for the current year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.60 annualized dividend and a yield of 4.95%. National Health Investors’s payout ratio is 123.71%.

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.