National Health Investors, Inc. (NYSE:NHI) Sees Significant Decline in Short Interest

National Health Investors, Inc. (NYSE:NHI - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 1,640,000 shares, a drop of 22.3% from the March 15th total of 2,110,000 shares. Based on an average daily volume of 224,400 shares, the days-to-cover ratio is presently 7.3 days. Approximately 3.7% of the company's stock are sold short.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NHI shares. Truist Financial upped their target price on shares of National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a research note on Wednesday, March 19th. Wedbush reiterated an "outperform" rating and issued a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, National Health Investors presently has an average rating of "Hold" and an average price target of $85.50.

National Health Investors Stock Down 0.4 %

NYSE:NHI traded down $0.27 during trading hours on Thursday, hitting $75.27. The company's stock had a trading volume of 114,475 shares, compared to its average volume of 220,395. The stock has a market capitalization of $3.51 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79. 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 stock has a fifty day moving average of $72.87 and a 200-day moving average of $72.97. National Health Investors has a 52-week low of $61.65 and a 52-week high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last issued its 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. The business had revenue of $85.75 million for the quarter, compared to analyst estimates of $81.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. On average, equities analysts forecast that National Health Investors 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. Investors of record on Monday, March 31st will be given a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.78%. National Health Investors's dividend payout ratio (DPR) is presently 115.38%.

Hedge Funds Weigh In On National Health Investors

Several large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in National Health Investors during the fourth quarter worth approximately $42,322,000. Millennium Management LLC grew its position in shares of National Health Investors by 1,967.0% during the fourth quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust's stock worth $33,843,000 after acquiring an additional 464,727 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of National Health Investors in the 4th quarter valued at $23,917,000. Marshall Wace LLP raised its position in National Health Investors by 161.6% in the 4th quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust's stock valued at $38,225,000 after purchasing an additional 340,712 shares during the last quarter. Finally, Land & Buildings Investment Management LLC boosted its stake in National Health Investors by 109.4% during the 4th quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust's stock worth $32,367,000 after purchasing an additional 243,999 shares during the period. Institutional investors and hedge funds own 62.51% of the company's stock.

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.