National Health Investors, Inc. (NYSE:NHI) Holdings Cut by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 50.3% during the fourth quarter, Holdings Channel reports. The firm owned 9,057 shares of the real estate investment trust’s stock after selling 9,164 shares during the period. Teacher Retirement System of Texas’ holdings in National Health Investors were worth $628,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of National Health Investors in the third quarter valued at $27,000. Point72 DIFC Ltd bought a new position in shares of National Health Investors in the third quarter worth about $35,000. Jones Financial Companies Lllp increased its stake in shares of National Health Investors by 781.2% in the 4th quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 789 shares during the period. Venturi Wealth Management LLC bought a new stake in National Health Investors during the 4th quarter worth about $63,000. Finally, KBC Group NV lifted its holdings in National Health Investors by 61.4% in the fourth quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 768 shares during the period. Institutional investors own 62.51% of the company’s stock.

National Health Investors Stock Up 1.3 %

NHI stock opened at $74.74 on Monday. The firm has a market capitalization of $3.41 billion, a PE ratio of 25.68, a PEG ratio of 4.42 and a beta of 1.08. 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, Inc. has a 1-year low of $57.80 and a 1-year high of $86.13. The business’s 50 day simple moving average is $70.95 and its 200 day simple moving average is $74.23.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $85.75 million during the quarter, compared to analysts’ expectations 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 anticipate that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors’s dividend payout ratio is currently 115.38%.

Analyst Upgrades and Downgrades

NHI has been the topic of several recent analyst reports. Wedbush reissued an “outperform” rating and set a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial boosted 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 report 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’s stock. Based on data from MarketBeat, National Health Investors has an average 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.