National Health Investors, Inc. (NYSE:NHI) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. reduced its stake in National Health Investors, Inc. (NYSE:NHI) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,517 shares of the real estate investment trust’s stock after selling 623 shares during the period. Lee Danner & Bass Inc. owned 0.16% of National Health Investors worth $5,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NHI. Jane Street Group LLC lifted its stake in National Health Investors by 68.3% during the third quarter. Jane Street Group LLC now owns 60,099 shares of the real estate investment trust’s stock valued at $5,052,000 after purchasing an additional 24,380 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in National Health Investors during the third quarter valued at approximately $2,426,000. Charles Schwab Investment Management Inc. lifted its stake in National Health Investors by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock valued at $60,765,000 after purchasing an additional 24,462 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in National Health Investors during the third quarter valued at approximately $688,000. Finally, Victory Capital Management Inc. lifted its stake in National Health Investors by 21.8% during the fourth quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust’s stock valued at $2,060,000 after purchasing an additional 5,318 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wedbush reissued an “outperform” rating and set a $88.00 target price on shares of National Health Investors in a research note on Monday. Truist Financial increased their target price on shares of National Health Investors from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, National Health Investors has an average rating of “Hold” and a consensus price target of $85.50.

National Health Investors Stock Down 1.1 %

Shares of NYSE:NHI opened at $74.70 on Friday. 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 company has a market cap of $3.41 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08. National Health Investors, Inc. has a 52 week low of $57.80 and a 52 week high of $86.13. The firm has a 50 day simple moving average of $70.22 and a 200 day simple moving average of $74.68.

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

National Health Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be given a $0.90 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.60 annualized dividend and a dividend yield of 4.82%. National Health Investors’s dividend payout ratio (DPR) is presently 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.