Land & Buildings Investment Management LLC cut its position in National Health Investors, Inc. (NYSE:NHI – Free Report) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 435,866 shares of the real estate investment trust’s stock after selling 24,100 shares during the period. National Health Investors comprises about 6.4% of Land & Buildings Investment Management LLC’s portfolio, making the stock its 7th largest position. Land & Buildings Investment Management LLC owned approximately 0.91% of National Health Investors worth $34,651,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NHI. Lighthouse Investment Partners LLC raised its stake in National Health Investors by 24.0% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 129,900 shares of the real estate investment trust’s stock worth $10,327,000 after buying an additional 25,100 shares during the period. Jain Global LLC acquired a new position in National Health Investors in the third quarter valued at about $756,000. Brevan Howard Capital Management LP bought a new stake in shares of National Health Investors in the third quarter worth about $775,000. Centiva Capital LP increased its holdings in shares of National Health Investors by 191.8% in the third quarter. Centiva Capital LP now owns 9,791 shares of the real estate investment trust’s stock worth $778,000 after acquiring an additional 6,436 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of National Health Investors during the third quarter worth about $550,000. 62.51% of the stock is owned by institutional investors.
National Health Investors Stock Up 1.3%
Shares of National Health Investors stock opened at $86.28 on Tuesday. The business’s 50 day simple moving average is $83.64 and its 200 day simple moving average is $79.47. National Health Investors, Inc. has a 52-week low of $66.41 and a 52-week high of $91.38. The firm has a market cap of $4.17 billion, a PE ratio of 28.57, a P/E/G ratio of 4.61 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a quick ratio of 6.90 and a current ratio of 6.90.
National Health Investors Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Tuesday, March 31st will be issued a dividend of $0.92 per share. The ex-dividend date is Tuesday, March 31st. This represents a $3.68 annualized dividend and a yield of 4.3%. National Health Investors’s dividend payout ratio is presently 121.85%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of National Health Investors in a report on Monday, December 29th. Wells Fargo & Company raised their target price on shares of National Health Investors from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft lowered shares of National Health Investors from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Tuesday, January 20th. National Bank Financial set a $85.00 price target on shares of National Health Investors in a report on Tuesday, January 20th. Finally, Truist Financial increased their price objective on shares of National Health Investors from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.67.
Get Our Latest Stock Analysis on NHI
National Health Investors Profile
National Health Investors, Inc (NYSE: NHI) is a specialized real estate investment trust (REIT) focused on owning and financing high-quality healthcare and senior housing facilities in the United States. The company’s portfolio encompasses a diverse range of properties, including skilled nursing centers, assisted living and memory care communities, behavioral health facilities, dialysis clinics, and medical office buildings. NHI typically enters into long-term net-lease agreements with experienced healthcare operators, providing stable and predictable rental income streams while enabling its tenants to concentrate on delivering quality care.
Since its founding in 1991 and initial public offering later that year, National Health Investors has pursued a disciplined growth strategy centered on strategic acquisitions, joint ventures, and selective development.
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