Lee Danner & Bass Inc. Decreases Position in National Health Investors, Inc. (NYSE:NHI)

Lee Danner & Bass Inc. reduced its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 12.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,431 shares of the real estate investment trust’s stock after selling 9,086 shares during the quarter. Lee Danner & Bass Inc. owned 0.14% of National Health Investors worth $4,685,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of National Health Investors in the first quarter worth about $808,000. Farther Finance Advisors LLC grew its position in shares of National Health Investors by 5,000.0% during the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 900 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of 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 worth $2,060,000 after buying an additional 5,318 shares in the last quarter. Millennium Management LLC increased its stake in shares of National Health Investors by 1,967.0% in the fourth quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust’s stock worth $33,843,000 after buying an additional 464,727 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in National Health Investors by 2.9% in 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 acquiring an additional 24,462 shares in the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Trading Up 0.4%

National Health Investors stock opened at $70.80 on Friday. National Health Investors, Inc. has a 1 year low of $65.13 and a 1 year high of $86.13. The firm’s 50-day moving average is $72.84 and its 200-day moving average is $71.60. The company has a debt-to-equity ratio of 0.88, a quick ratio of 16.55 and a current ratio of 16.55. The company has a market cap of $3.31 billion, a P/E ratio of 22.48, a PEG ratio of 4.27 and a beta of 0.73.

National Health Investors (NYSE:NHI) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $68.87 million during the quarter, compared to the consensus estimate of $85.13 million. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. National Health Investors’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.08%. The ex-dividend date is Monday, June 30th. National Health Investors’s dividend payout ratio (DPR) is 114.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NHI shares. Truist Financial raised shares of National Health Investors from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Wednesday. Wedbush raised National Health Investors to a “strong-buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, National Health Investors currently has an average rating of “Moderate Buy” and a consensus target price of $85.75.

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.