Quest Partners LLC Acquires Shares of 2,737 National Health Investors, Inc. (NYSE:NHI)

Quest Partners LLC acquired a new position in shares of National Health Investors, Inc. (NYSE:NHI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,737 shares of the real estate investment trust’s stock, valued at approximately $230,000.

A number of other institutional investors have also modified their holdings of NHI. CANADA LIFE ASSURANCE Co increased its holdings in National Health Investors by 2.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 55,985 shares of the real estate investment trust’s stock valued at $3,518,000 after buying an additional 1,248 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of National Health Investors by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,836 shares of the real estate investment trust’s stock worth $1,687,000 after acquiring an additional 1,516 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of National Health Investors by 22.4% in the 1st quarter. Tidal Investments LLC now owns 4,701 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 861 shares during the last quarter. Lasalle Investment Management Securities LLC raised its position in shares of National Health Investors by 8.4% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 508,035 shares of the real estate investment trust’s stock valued at $31,920,000 after acquiring an additional 39,554 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in National Health Investors by 21,963.3% during the second quarter. Sound Income Strategies LLC now owns 153,119 shares of the real estate investment trust’s stock worth $10,371,000 after purchasing an additional 152,425 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

Analysts Set New Price Targets

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

National Health Investors Trading Up 0.6 %

National Health Investors stock opened at $77.44 on Wednesday. National Health Investors, Inc. has a 52-week low of $51.59 and a 52-week high of $86.13. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 5.19 and a beta of 1.05. The firm has a 50-day moving average price of $79.32 and a two-hundred day moving average price of $74.57.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.42). National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $63.32 million for the quarter, compared to analyst estimates of $67.93 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Sell-side analysts expect that National Health Investors, Inc. will post 4.42 earnings per share for the current year.

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s dividend payout ratio (DPR) is 123.71%.

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.