Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in National Health Investors, Inc. (NYSE:NHI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in National Health Investors, Inc. (NYSE:NHI) by 86.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,536 shares of the real estate investment trust’s stock after purchasing an additional 6,270 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in National Health Investors were worth $938,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NHI. State of Alaska Department of Revenue grew its position in shares of National Health Investors by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust’s stock worth $1,388,000 after buying an additional 196 shares in the last quarter. Tidal Investments LLC boosted its stake in National Health Investors by 3.9% during the 3rd quarter. Tidal Investments LLC now owns 6,762 shares of the real estate investment trust’s stock valued at $568,000 after acquiring an additional 254 shares during the last quarter. Xponance Inc. grew its holdings in National Health Investors by 9.5% during the 4th quarter. Xponance Inc. now owns 2,997 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 259 shares in the last quarter. Quarry LP bought a new stake in shares of National Health Investors in the 3rd quarter worth about $27,000. Finally, Point72 DIFC Ltd bought a new stake in shares of National Health Investors in the 3rd quarter worth about $35,000. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

National Health Investors Price Performance

NHI opened at $74.03 on Thursday. 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 company’s 50-day moving average price is $70.76 and its 200 day moving average price is $74.41. National Health Investors, Inc. has a fifty-two week low of $57.80 and a fifty-two week high of $86.13. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $85.75 million for the quarter, compared to analysts’ expectations of $81.13 million. As a group, sell-side analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current 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 issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors’s dividend payout ratio (DPR) is 115.38%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $88.00 price target on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial lifted their target price on National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, National Health Investors presently has a consensus rating of “Hold” and an average price target of $85.50.

National Health Investors 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.