National Health Investors, Inc. (NYSE:NHI) Stock Position Lessened by Renaissance Group LLC

Renaissance Group LLC decreased its holdings in National Health Investors, Inc. (NYSE:NHI) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,458 shares of the real estate investment trust’s stock after selling 219 shares during the quarter. Renaissance Group LLC’s holdings in National Health Investors were worth $240,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NHI. Verition Fund Management LLC bought a new position in shares of National Health Investors in the third quarter worth $293,000. Point72 Asset Management L.P. bought a new position in shares of National Health Investors in the third quarter worth $688,000. Quarry LP bought a new position in shares of National Health Investors in the third quarter worth $27,000. Jane Street Group LLC boosted its stake in National Health Investors by 68.3% during the third quarter. Jane Street Group LLC now owns 60,099 shares of the real estate investment trust’s stock valued at $5,052,000 after buying an additional 24,380 shares in the last quarter. Finally, MML Investors Services LLC bought a new position in National Health Investors during the third quarter valued at about $230,000. Institutional investors own 62.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $88.00 target price on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial raised their target price on National Health Investors from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, National Health Investors presently has a consensus rating of “Hold” and an average target price of $85.50.

National Health Investors Trading Up 3.9 %

NYSE:NHI opened at $71.43 on Thursday. The company has a quick ratio of 10.29, a current 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 firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79. The stock has a fifty day simple moving average of $71.47 and a 200 day simple moving average of $73.48.

National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $85.75 million during the quarter, compared to analyst estimates of $81.13 million. Sell-side analysts forecast that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.04%. The ex-dividend date is Monday, March 31st. National Health Investors’s dividend payout ratio is currently 115.38%.

National Health Investors 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.