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

Franklin Resources Inc. cut its holdings in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,153 shares of the real estate investment trust's stock after selling 8,331 shares during the period. Franklin Resources Inc. owned approximately 0.11% of National Health Investors worth $4,132,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. lifted its holdings in shares of National Health Investors by 27.8% during the 3rd quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 141 shares during the period. Aviance Capital Partners LLC lifted its holdings in National Health Investors by 6.2% in the third quarter. Aviance Capital Partners LLC now owns 3,788 shares of the real estate investment trust's stock valued at $318,000 after acquiring an additional 221 shares during the period. Arizona State Retirement System boosted its position in National Health Investors by 1.9% in the second quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust's stock worth $823,000 after purchasing an additional 222 shares during the last quarter. Tidal Investments LLC boosted its position in National Health Investors by 3.9% in the third quarter. Tidal Investments LLC now owns 6,762 shares of the real estate investment trust's stock worth $568,000 after purchasing an additional 254 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of National Health Investors during the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 62.51% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NHI shares. Wells Fargo & Company downgraded shares of National Health Investors from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $81.00 to $86.00 in a report on Tuesday, October 1st. StockNews.com cut shares of National Health Investors from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Bank of America initiated coverage on National Health Investors in a research note on Tuesday, September 24th. They issued a "buy" rating and a $92.00 price objective for the company. Finally, Truist Financial lowered 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, National Health Investors has an average rating of "Moderate Buy" and an average target price of $75.33.

National Health Investors Price Performance

Shares of NHI traded up $0.32 during trading hours on Wednesday, reaching $69.38. 83,099 shares of the stock traded hands, compared to its average volume of 203,927. The company has a market cap of $3.15 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 4.86 and a beta of 1.04. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The company's 50-day moving average price is $75.55 and its two-hundred day moving average price is $75.66. National Health Investors, Inc. has a 52-week low of $51.59 and a 52-week high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.42). National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The business had revenue of $63.32 million during the quarter, compared to analysts' expectations of $67.93 million. During the same quarter in the previous year, the firm earned $1.08 earnings per share. National Health Investors's revenue was up 1.7% on a year-over-year basis. On average, analysts anticipate that National Health Investors, Inc. will post 4.42 earnings per share for the current year.

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Tuesday, December 31st. National Health Investors's dividend payout ratio (DPR) is currently 123.71%.

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.