Edgestream Partners L.P. reduced its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,395 shares of the real estate investment trust's stock after selling 24,693 shares during the quarter. Edgestream Partners L.P. owned 0.12% of National Health Investors worth $3,700,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Jane Street Group LLC boosted its holdings 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 worth $5,052,000 after buying an additional 24,380 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of National Health Investors during the 3rd quarter worth about $2,426,000. Point72 Asset Management L.P. acquired a new stake in shares of National Health Investors during the 3rd quarter valued at about $688,000. Charles Schwab Investment Management Inc. grew its position in shares of National Health Investors by 17.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust's stock valued at $71,651,000 after acquiring an additional 123,596 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of National Health Investors in the 3rd quarter valued at about $720,000. Hedge funds and other institutional investors own 62.51% of the company's stock.
National Health Investors Price Performance
NYSE NHI traded down $0.46 during mid-day trading on Wednesday, hitting $72.92. The stock had a trading volume of 303,445 shares, compared to its average volume of 202,024. National Health Investors, Inc. has a twelve month low of $57.80 and a twelve month high of $86.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. The firm's 50 day moving average is $69.28 and its 200 day moving average is $74.88. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 4.42 and a beta of 1.08.
National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm had revenue of $85.75 million for the quarter, compared to the consensus estimate of $81.13 million. Equities research analysts forecast that National Health Investors, Inc. will post 4.41 earnings per share 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. Investors 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 annualized dividend and a dividend yield of 4.94%. National Health Investors's dividend payout ratio is presently 115.38%.
Wall Street Analyst Weigh In
Separately, Truist Financial decreased their target price on National Health Investors from $78.00 to $72.00 and set a "hold" rating on the stock in a research report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $76.60.
Get Our Latest Stock Analysis on National Health Investors
National Health Investors Profile
(
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.
Recommended Stories
Before you consider National Health Investors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Health Investors wasn't on the list.
While National Health Investors currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
