State of New Jersey Common Pension Fund D Sells 4,063 Shares of National Health Investors, Inc. (NYSE:NHI)

State of New Jersey Common Pension Fund D lessened its position in National Health Investors, Inc. (NYSE:NHI) by 14.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,979 shares of the real estate investment trust’s stock after selling 4,063 shares during the period. State of New Jersey Common Pension Fund D’s holdings in National Health Investors were worth $2,100,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NHI. Assetmark Inc. grew its holdings in National Health Investors by 27.8% during the third quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 141 shares during the period. Arizona State Retirement System boosted its stake in shares of National Health Investors by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust’s stock worth $823,000 after acquiring an additional 222 shares during the period. Covestor Ltd increased its holdings in shares of National Health Investors by 2,700.0% during the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 405 shares during the last quarter. Van ECK Associates Corp raised its stake in National Health Investors by 6.9% in the 2nd quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust’s stock valued at $434,000 after acquiring an additional 416 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in National Health Investors in the 2nd quarter valued at $36,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Trading Up 0.5 %

Shares of NHI stock opened at $77.74 on Friday. The stock has a market cap of $3.53 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 5.22 and a beta of 1.05. National Health Investors, Inc. has a 1 year low of $51.59 and a 1 year 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. The stock has a 50 day simple moving average of $80.08 and a 200 day simple moving average of $73.90.

National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The company had revenue of $63.32 million for the quarter, compared to the consensus estimate of $67.93 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. On average, research analysts predict that National Health Investors, Inc. will post 4.42 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.63%. The ex-dividend date is Tuesday, December 31st. National Health Investors’s dividend payout ratio is currently 123.71%.

Analyst Ratings Changes

NHI has been the topic of several research reports. Wells Fargo & Company downgraded shares of National Health Investors from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $81.00 to $86.00 in a report on Tuesday, October 1st. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Bank of America began coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price objective for the company. Finally, Truist Financial increased their target price on National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.29.

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.