Los Angeles Capital Management LLC Sells 8,374 Shares of National Health Investors, Inc. (NYSE:NHI)

Los Angeles Capital Management LLC trimmed its holdings in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 55.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,825 shares of the real estate investment trust's stock after selling 8,374 shares during the period. Los Angeles Capital Management LLC's holdings in National Health Investors were worth $473,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NHI. Principal Financial Group Inc. boosted its holdings in National Health Investors by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust's stock worth $114,242,000 after buying an additional 82,825 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of National Health Investors by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,094,570 shares of the real estate investment trust's stock worth $92,026,000 after acquiring an additional 8,540 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of National Health Investors by 17.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust's stock worth $71,651,000 after purchasing an additional 123,596 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of National Health Investors by 10.7% during the 4th quarter. Bank of New York Mellon Corp now owns 557,420 shares of the real estate investment trust's stock valued at $38,629,000 after purchasing an additional 53,705 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of National Health Investors by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 463,403 shares of the real estate investment trust's stock valued at $32,114,000 after purchasing an additional 2,279 shares during the period. 62.51% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, Truist Financial dropped their target price on shares of National Health Investors from $78.00 to $72.00 and set a "hold" rating on the stock in a report on Monday, December 23rd. Three investment 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, National Health Investors presently has an average rating of "Moderate Buy" and a consensus price target of $76.60.

National Health Investors Stock Performance

National Health Investors stock traded up $0.97 during trading hours on Friday, hitting $72.86. The company had a trading volume of 249,800 shares, compared to its average volume of 210,961. The firm has a 50-day moving average of $69.01 and a 200 day moving average of $74.96. 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 has a market cap of $3.33 billion, a PE ratio of 25.04, a PEG ratio of 4.42 and a beta of 1.08. National Health Investors, Inc. has a one year low of $57.80 and a one year high of $86.13.

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 for the quarter, topping the consensus estimate of $1.10 by $0.03. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $85.75 million during the quarter, compared to analysts' expectations of $81.13 million. On average, sell-side analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.94%. 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.