Martingale Asset Management L P Acquires New Holdings in National Health Investors, Inc. (NYSE:NHI)

Martingale Asset Management L P bought a new position in shares of National Health Investors, Inc. (NYSE:NHI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,848 shares of the real estate investment trust’s stock, valued at approximately $1,921,000. Martingale Asset Management L P owned about 0.05% of National Health Investors at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have issued reports on NHI. Bank of America began coverage on shares of National Health Investors in a research note on Tuesday, September 24th. They set a “buy” rating and a $92.00 price target on the stock. Wells Fargo & Company lowered shares of National Health Investors from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $81.00 to $86.00 in a research report on Tuesday, October 1st. Truist Financial boosted their price target on National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 30th. Finally, StockNews.com cut 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.33.

National Health Investors Stock Performance

Shares of NHI stock opened at $76.65 on Friday. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 5.13 and a beta of 1.05. The company has a 50 day moving average price of $78.75 and a 200 day moving average price of $74.77. 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.

National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). The firm had revenue of $63.32 million during the quarter, compared to analyst estimates 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 was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 EPS. Sell-side analysts anticipate that National Health Investors, Inc. will post 4.42 EPS for the current year.

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.90 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.70%. National Health Investors’s dividend payout ratio (DPR) is 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.