Franklin Resources Inc. Cuts Position in National Health Investors, Inc. (NYSE:NHI)

Franklin Resources Inc. reduced its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 7.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,454 shares of the real estate investment trust's stock after selling 3,699 shares during the period. Franklin Resources Inc. owned about 0.10% of National Health Investors worth $3,150,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Verition Fund Management LLC bought a new stake in National Health Investors in the 3rd quarter valued at about $293,000. Jane Street Group LLC lifted its stake in shares of National Health Investors by 68.3% during the 3rd 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. MML Investors Services LLC purchased a new stake in shares of National Health Investors during the 3rd quarter valued at approximately $230,000. Nomura Asset Management Co. Ltd. boosted its holdings in National Health Investors by 1.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 54,840 shares of the real estate investment trust's stock worth $4,610,000 after buying an additional 990 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in National Health Investors by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 62,473 shares of the real estate investment trust's stock valued at $5,251,000 after buying an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NHI. Truist Financial increased their target price on National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, March 19th. Wedbush reiterated an "outperform" rating and set a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, National Health Investors presently has a consensus rating of "Hold" and a consensus target price of $85.50.

National Health Investors Price Performance

NYSE NHI traded up $0.13 on Friday, hitting $75.44. The stock had a trading volume of 270,950 shares, compared to its average volume of 219,967. The firm has a 50-day moving average of $72.18 and a 200-day moving average of $73.15. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors, Inc. has a 52-week low of $59.58 and a 52-week high of $86.13. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79.

National Health Investors (NYSE:NHI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.03. The company had revenue of $85.75 million for the quarter, compared to the consensus estimate of $81.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. Equities analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Monday, March 31st. National Health Investors's payout ratio is 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.