30,000 Shares in National Health Investors, Inc. (NYSE:NHI) Purchased by Employees Retirement System of Texas

Employees Retirement System of Texas purchased a new stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 30,000 shares of the real estate investment trust's stock, valued at approximately $2,079,000. Employees Retirement System of Texas owned 0.07% of National Health Investors at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NHI. Verition Fund Management LLC bought a new position in National Health Investors during the 3rd quarter valued at about $293,000. Point72 Asset Management L.P. bought a new stake in shares of National Health Investors during the 3rd quarter valued at about $688,000. Point72 DIFC Ltd purchased a new stake in shares of National Health Investors during the 3rd quarter valued at about $35,000. Quarry LP purchased a new stake in shares of National Health Investors in the 3rd quarter worth $27,000. Finally, Jane Street Group LLC raised its stake in shares of National Health Investors by 68.3% in the third quarter. Jane Street Group LLC now owns 60,099 shares of the real estate investment trust's stock worth $5,052,000 after buying an additional 24,380 shares during the period. 62.51% of the stock is owned by hedge funds and other institutional investors.

National Health Investors Stock Up 1.7 %

Shares of NYSE:NHI traded up $1.22 during trading on Friday, reaching $72.89. The stock had a trading volume of 270,066 shares, compared to its average volume of 219,116. The firm's 50-day simple moving average is $71.62 and its 200 day simple moving average is $73.24. 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 one year low of $57.95 and a one year high of $86.13. The company has a market capitalization of $3.40 billion, a P/E ratio of 25.05, a PEG ratio of 4.42 and a beta of 0.79.

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National Health Investors (NYSE:NHI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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%. As a group, research analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.94%. National Health Investors's dividend payout ratio is currently 115.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NHI shares. Truist Financial lifted their target price on National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, March 19th. Wedbush restated an "outperform" rating and issued a $88.00 target price on shares of National Health Investors in a research note on Monday, March 17th. 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 company presently 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.