Point72 Asset Management L.P. Takes $688,000 Position in National Health Investors, Inc. (NYSE:NHI)

Point72 Asset Management L.P. acquired a new position in National Health Investors, Inc. (NYSE:NHI - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,190 shares of the real estate investment trust's stock, valued at approximately $688,000.

Other large investors have also modified their holdings of the company. Covestor Ltd raised its stake in 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 acquiring an additional 405 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of National Health Investors during the third quarter valued at about $38,000. International Assets Investment Management LLC acquired a new stake in National Health Investors in the second quarter worth about $36,000. Assetmark Inc. grew its position in National Health Investors by 27.8% in 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 in the last quarter. Finally, Blue Trust Inc. increased its stake in National Health Investors by 2,651.9% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 716 shares during the period. Institutional investors and hedge funds own 62.51% of the company's stock.

Analysts Set New Price Targets

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

National Health Investors Stock Down 0.9 %

Shares of NHI traded down $0.66 during trading hours on Thursday, reaching $72.33. The company's stock had a trading volume of 152,848 shares, compared to its average volume of 198,791. The company has a 50 day moving average of $77.18 and a two-hundred day moving average of $75.32. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 5.05 and a beta of 1.04. National Health Investors, Inc. has a 1-year low of $51.59 and a 1-year high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.42). National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The company 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 company earned $1.08 EPS. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, research analysts predict that National Health Investors, Inc. will post 4.42 EPS for the current fiscal year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.98%. The ex-dividend date is Tuesday, December 31st. National Health Investors's payout ratio 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.