Legal & General Group Plc Sells 24,516 Shares of National Health Investors, Inc. (NYSE:NHI)

Legal & General Group Plc lessened its holdings in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,522 shares of the real estate investment trust's stock after selling 24,516 shares during the period. Legal & General Group Plc owned 0.47% of National Health Investors worth $14,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in National Health Investors during the 4th quarter valued at $42,322,000. Centersquare Investment Management LLC lifted its holdings in National Health Investors by 35.9% in the fourth quarter. Centersquare Investment Management LLC now owns 394,433 shares of the real estate investment trust's stock worth $27,334,000 after purchasing an additional 104,186 shares during the period. Vanguard Group Inc. grew its position in National Health Investors by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust's stock valued at $445,128,000 after buying an additional 102,012 shares in the last quarter. Principal Financial Group Inc. increased its stake in National Health Investors by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust's stock valued at $114,242,000 after buying an additional 82,825 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of National Health Investors by 13.0% during the 4th quarter. Prudential Financial Inc. now owns 476,371 shares of the real estate investment trust's stock worth $33,013,000 after buying an additional 54,936 shares in the last quarter. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on NHI. Wedbush reissued an "outperform" rating and set a $88.00 target price on shares of National Health Investors in a report on Monday, March 17th. Truist Financial upped their price objective on National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, National Health Investors has an average rating of "Hold" and an average target price of $85.50.

National Health Investors Trading Down 0.4 %

Shares of NYSE:NHI traded down $0.34 during midday trading on Monday, reaching $75.43. The company had a trading volume of 15,880 shares, compared to its average volume of 219,390. The company has a fifty day simple moving average of $72.36 and a two-hundred day simple moving average of $72.97. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79. National Health Investors, Inc. has a 1-year low of $61.20 and a 1-year high of $86.13. 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 (NYSE:NHI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $85.75 million for the quarter, compared to analyst estimates of $81.13 million. Research analysts predict that National Health Investors, Inc. will post 4.41 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 Friday, May 2nd. Stockholders of record on Monday, March 31st will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Monday, March 31st. National Health Investors's dividend payout ratio (DPR) 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.