Martingale Asset Management L P Makes New $1.92 Million Investment in National Health Investors, Inc. (NYSE:NHI)

Martingale Asset Management L P bought a new position in National Health Investors, Inc. (NYSE:NHI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,848 shares of the real estate investment trust's stock, valued at approximately $1,921,000. Martingale Asset Management L P owned approximately 0.05% of National Health Investors as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Strategic Financial Concepts LLC purchased a new position in National Health Investors in the 2nd quarter valued at approximately $28,000. Covestor Ltd raised its stake in shares of National Health Investors by 2,700.0% during the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 405 shares during the period. International Assets Investment Management LLC bought a new stake in shares of National Health Investors during the 2nd quarter valued at $36,000. Loomis Sayles & Co. L P purchased a new stake in National Health Investors during the 3rd quarter worth about $38,000. Finally, Blue Trust Inc. boosted its stake in National Health Investors by 2,651.9% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 716 shares during the period. Institutional investors own 62.51% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on NHI shares. Wells Fargo & Company cut shares of National Health Investors from an "overweight" rating to an "equal weight" rating and increased their target price for the stock from $81.00 to $86.00 in a research note on Tuesday, October 1st. StockNews.com cut shares of National Health Investors from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th. Truist Financial lifted their price objective on National Health Investors from $65.00 to $78.00 and gave the company a "hold" rating in a research note on Friday, August 30th. Finally, Bank of America assumed coverage on National Health Investors in a research note on Tuesday, September 24th. They issued a "buy" rating and a $92.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.33.

National Health Investors Price Performance

NHI traded down $0.26 during trading on Friday, reaching $76.65. The stock had a trading volume of 207,862 shares, compared to its average volume of 284,116. The business has a 50-day moving average of $78.75 and a 200-day moving average of $74.82. National Health Investors, Inc. has a one year low of $51.59 and a one 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. The stock has a market cap of $3.48 billion, a PE ratio of 26.34, a PEG ratio of 5.12 and a beta of 1.05.

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). The firm had revenue of $63.32 million for the quarter, compared to the consensus estimate of $67.93 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. National Health Investors's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 earnings per share. As a group, equities research analysts anticipate that National Health Investors, Inc. will post 4.42 EPS for the current fiscal year.

National Health Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be issued a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.70%. National Health Investors's payout ratio is 123.71%.

About National Health Investors

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.