Easterly Investment Partners LLC bought a new stake in National Health Investors, Inc. (NYSE:NHI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 67,000 shares of the real estate investment trust's stock, valued at approximately $5,632,000. Easterly Investment Partners LLC owned about 0.15% of National Health Investors at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new stake in National Health Investors during the second quarter worth approximately $28,000. International Assets Investment Management LLC bought a new position in shares of National Health Investors in the second quarter valued at approximately $36,000. Blue Trust Inc. lifted its holdings in National Health Investors by 2,651.9% during the second quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 716 shares during the period. Harbor Capital Advisors Inc. bought a new stake in National Health Investors during the third quarter worth $70,000. Finally, USA Financial Formulas lifted its holdings in National Health Investors by 172.8% during the third quarter. USA Financial Formulas now owns 922 shares of the real estate investment trust's stock worth $78,000 after acquiring an additional 584 shares during the period. 62.51% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on NHI shares. Bank of America started coverage on National Health Investors in a report on Tuesday, September 24th. They set a "buy" rating and a $92.00 price target on the stock. Wells Fargo & Company lowered National Health Investors from an "overweight" rating to an "equal weight" rating and lifted their price target for the stock from $81.00 to $86.00 in a report on Tuesday, October 1st. StockNews.com lowered National Health Investors from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th. Finally, Truist Financial raised their target price on National Health Investors from $65.00 to $78.00 and gave the stock a "hold" rating in a research report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and four have issued 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 an average target price of $73.29.
Check Out Our Latest Stock Analysis on NHI
National Health Investors Stock Performance
Shares of NYSE NHI traded up $1.55 during mid-day trading on Friday, hitting $81.19. The company had a trading volume of 511,040 shares, compared to its average volume of 196,247. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 5.05 and a beta of 1.05. National Health Investors, Inc. has a 1 year low of $50.12 and a 1 year high of $86.13. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.91. The stock's 50-day moving average price is $80.37 and its 200-day moving average price is $73.21.
National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.42). The company had revenue of $63.32 million during the quarter, compared to analysts' expectations of $67.93 million. National Health Investors had a net margin of 39.11% and a return on equity of 10.11%. National Health Investors's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 earnings per share. On average, sell-side analysts forecast that National Health Investors, Inc. will post 4.48 earnings per share for the current year.
National Health Investors Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors's dividend payout ratio (DPR) is presently 122.45%.
About National Health Investors
(
Free Report)
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.
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