Teacher Retirement System of Texas cut its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 50.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,057 shares of the real estate investment trust's stock after selling 9,164 shares during the period. Teacher Retirement System of Texas' holdings in National Health Investors were worth $628,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Jane Street Group LLC raised its position in shares of National Health Investors by 68.3% during the third quarter. Jane Street Group LLC now owns 60,099 shares of the real estate investment trust's stock worth $5,052,000 after purchasing an additional 24,380 shares during the period. Victory Capital Management Inc. increased its stake in National Health Investors by 21.8% in the 4th quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust's stock worth $2,060,000 after purchasing an additional 5,318 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in National Health Investors by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust's stock worth $60,765,000 after buying an additional 24,462 shares during the period. Point72 Asset Management L.P. purchased a new stake in National Health Investors during the third quarter valued at about $688,000. Finally, AlphaQuest LLC boosted its holdings in shares of National Health Investors by 252.2% in the fourth quarter. AlphaQuest LLC now owns 9,640 shares of the real estate investment trust's stock worth $668,000 after buying an additional 6,903 shares during the period. Institutional investors and hedge funds own 62.51% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on NHI. Wedbush restated an "outperform" rating and set a $88.00 price target on shares of National Health Investors in a report on Monday, March 17th. Truist Financial boosted their target price on shares of National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $85.50.
Check Out Our Latest Analysis on NHI
National Health Investors Stock Up 0.6 %
Shares of NHI traded up $0.44 during trading hours on Tuesday, reaching $74.30. The company's stock had a trading volume of 194,495 shares, compared to its average volume of 215,109. The company has a 50 day moving average of $71.04 and a two-hundred day moving average of $74.16. 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 $3.39 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 4.42 and a beta of 1.08. National Health Investors, Inc. has a 1-year low of $57.80 and a 1-year high of $86.13.
National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $81.13 million. As a group, research analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.
National Health Investors Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Monday, March 31st. National Health Investors's dividend payout ratio (DPR) is presently 115.38%.
About National Health Investors
(
Free Report)
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.
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