World Investment Advisors LLC Invests $1.24 Million in National Health Investors, Inc. (NYSE:NHI)

World Investment Advisors LLC bought a new position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,795 shares of the real estate investment trust's stock, valued at approximately $1,244,000.

Several other institutional investors have also recently made changes to their positions in the business. Stock Yards Bank & Trust Co. purchased a new stake in National Health Investors in the third quarter valued at $210,000. Geode Capital Management LLC raised its stake in National Health Investors by 0.8% during the 3rd 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. Vestcor Inc acquired a new position in National Health Investors during the third quarter worth approximately $3,297,000. Barclays PLC boosted its stake in National Health Investors by 323.8% during the 3rd quarter. Barclays PLC now owns 71,703 shares of the real estate investment trust's stock worth $6,027,000 after purchasing an additional 54,782 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of National Health Investors by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 62,473 shares of the real estate investment trust's stock valued at $5,251,000 after acquiring an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company's stock.

National Health Investors Stock Down 1.8 %

Shares of NYSE:NHI traded down $1.32 during trading on Monday, reaching $71.44. 337,055 shares of the stock were exchanged, compared to its average volume of 199,817. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 4.87 and a beta of 1.04. The stock has a fifty day moving average of $77.01 and a two-hundred day moving average of $75.53. National Health Investors, Inc. has a 1-year low of $51.59 and a 1-year high of $86.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29.

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 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.42). The firm had revenue of $63.32 million during the quarter, compared to analysts' expectations of $67.93 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The company's revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS. Research analysts anticipate that National Health Investors, Inc. will post 4.42 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Tuesday, December 31st. National Health Investors's payout ratio is 123.71%.

Analyst Ratings Changes

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

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.