First Trust Advisors LP Sells 2,973 Shares of National Health Investors, Inc. (NYSE:NHI)

First Trust Advisors LP decreased its stake in National Health Investors, Inc. (NYSE:NHI) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,529 shares of the real estate investment trust’s stock after selling 2,973 shares during the period. First Trust Advisors LP’s holdings in National Health Investors were worth $7,313,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NHI. Victory Capital Management Inc. increased its holdings 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. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 24,462 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of National Health Investors by 61.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,099 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 1,175 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of National Health Investors by 9.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 60,130 shares of the real estate investment trust’s stock worth $4,167,000 after purchasing an additional 5,290 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its stake in shares of National Health Investors by 35.9% in the fourth quarter. Centersquare Investment Management LLC now owns 394,433 shares of the real estate investment trust’s stock valued at $27,334,000 after buying an additional 104,186 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Stock Down 0.4 %

Shares of NYSE:NHI opened at $74.84 on Wednesday. The business’s 50-day moving average is $73.37 and its 200-day moving average is $72.78. National Health Investors, Inc. has a 1 year low of $62.61 and a 1 year high of $86.13. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 4.42 and a beta of 0.79. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29.

National Health Investors (NYSE:NHI) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The company 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%. Equities research analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

The company also recently announced 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. This represents a $3.60 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Monday, March 31st. National Health Investors’s payout ratio is 115.38%.

Wall Street Analyst Weigh In

NHI has been the topic of a number of research reports. Wedbush restated an “outperform” rating and issued a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial raised their target price on 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 research 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.50.

National Health Investors Company 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.