State of New Jersey Common Pension Fund D Sells 2,496 Shares of National Health Investors, Inc. (NYSE:NHI)

State of New Jersey Common Pension Fund D lowered its position in shares of National Health Investors, Inc. (NYSE:NHI) by 5.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,951 shares of the real estate investment trust’s stock after selling 2,496 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in National Health Investors were worth $2,566,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Land & Buildings Investment Management LLC purchased a new stake in National Health Investors during the third quarter worth about $11,642,000. Principal Financial Group Inc. increased its stake in shares of National Health Investors by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,723,897 shares of the real estate investment trust’s stock worth $88,539,000 after purchasing an additional 78,898 shares during the last quarter. Invesco Ltd. raised its holdings in shares of National Health Investors by 12.0% in the 3rd quarter. Invesco Ltd. now owns 286,887 shares of the real estate investment trust’s stock worth $14,735,000 after purchasing an additional 30,834 shares during the period. International Assets Investment Management LLC lifted its stake in National Health Investors by 3,690.7% in the fourth quarter. International Assets Investment Management LLC now owns 28,430 shares of the real estate investment trust’s stock valued at $1,588,000 after purchasing an additional 27,680 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in National Health Investors by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,173,352 shares of the real estate investment trust’s stock valued at $317,063,000 after purchasing an additional 22,443 shares during the period. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NHI. Wells Fargo & Company upgraded National Health Investors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $55.00 to $63.00 in a research note on Monday, February 26th. StockNews.com downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Wedbush lifted their target price on shares of National Health Investors from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Truist Financial upped their price target on shares of National Health Investors from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Health Investors in a research note on Tuesday, January 30th. They issued a “buy” rating and a $69.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.50.

National Health Investors Stock Performance

National Health Investors stock opened at $63.45 on Thursday. National Health Investors, Inc. has a 1-year low of $47.54 and a 1-year high of $64.42. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $2.75 billion, a PE ratio of 20.27 and a beta of 0.95. The firm’s 50 day simple moving average is $60.14 and its 200 day simple moving average is $55.95.

National Health Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 28th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.60 annualized dividend and a dividend yield of 5.67%. National Health Investors’s payout ratio is currently 115.02%.

Insider Buying and Selling

In other National Health Investors news, Director Charlotte A. Swafford bought 10,000 shares of National Health Investors stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $58.69 per share, for a total transaction of $586,900.00. Following the completion of the transaction, the director now directly owns 110,185 shares in the company, valued at $6,466,757.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.21% of the stock is currently owned by company insiders.

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.