Lighthouse Investment Partners LLC Raises Stock Position in National Health Investors, Inc. (NYSE:NHI)

Lighthouse Investment Partners LLC raised its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 53.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,500 shares of the real estate investment trust’s stock after purchasing an additional 42,500 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in National Health Investors were worth $8,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NHI. Janus Henderson Group PLC boosted its stake in National Health Investors by 12.0% in the 4th quarter. Janus Henderson Group PLC now owns 21,509 shares of the real estate investment trust’s stock worth $1,491,000 after purchasing an additional 2,300 shares in the last quarter. Graham Capital Management L.P. lifted its stake in National Health Investors by 42.9% during the 4th quarter. Graham Capital Management L.P. now owns 22,152 shares of the real estate investment trust’s stock valued at $1,535,000 after acquiring an additional 6,648 shares during the period. Focus Partners Wealth lifted its stake in National Health Investors by 4.0% during the 4th quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust’s stock valued at $337,000 after acquiring an additional 188 shares during the period. Emmett Investment Management LP bought a new position in shares of National Health Investors in the 4th quarter worth approximately $2,387,000. Finally, EP Wealth Advisors LLC bought a new position in shares of National Health Investors in the 4th quarter worth approximately $245,000. 62.51% of the stock is owned by hedge funds and other institutional investors.

National Health Investors Trading Up 1.2%

National Health Investors stock opened at $76.78 on Monday. The firm has a 50 day moving average of $74.11 and a 200 day moving average of $72.74. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 4.42 and a beta of 0.78. National Health Investors, Inc. has a 12-month low of $63.91 and a 12-month high of $86.13. 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 (NYSE:NHI) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $68.87 million during 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%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 EPS. As a group, research 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. Shareholders of record on Monday, June 30th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Monday, June 30th. National Health Investors’s dividend payout ratio (DPR) is currently 114.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NHI shares. Wedbush reiterated an “outperform” rating and issued a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial increased their price objective on shares of National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.50.

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.