Quarry LP Takes $27,000 Position in National Health Investors, Inc. (NYSE:NHI)

Quarry LP 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 322 shares of the real estate investment trust’s stock, valued at approximately $27,000.

Other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of National Health Investors by 332.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 242,326 shares of the real estate investment trust’s stock worth $20,370,000 after acquiring an additional 186,238 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of National Health Investors by 17.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust’s stock worth $71,651,000 after acquiring an additional 123,596 shares during the last quarter. Waterfront Capital Partners LLC acquired a new position in shares of National Health Investors in the 3rd quarter valued at approximately $10,097,000. Lee Danner & Bass Inc. acquired a new stake in National Health Investors in the second quarter valued at $5,089,000. Finally, Easterly Investment Partners LLC bought a new position in shares of National Health Investors during the third quarter worth about $5,632,000. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NHI. Wells Fargo & Company downgraded National Health Investors from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $81.00 to $86.00 in a report on Tuesday, October 1st. Truist Financial boosted their target price on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 30th. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Bank of America started 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 objective on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned 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 price target of $76.33.

National Health Investors Stock Down 0.9 %

NHI stock opened at $72.33 on Friday. The stock has a market cap of $3.29 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 5.05 and a beta of 1.04. The firm’s 50-day simple moving average is $77.18 and its 200 day simple moving average is $75.32. National Health Investors, Inc. has a fifty-two week low of $51.59 and a fifty-two week high of $86.13. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS 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 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 for the quarter 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. As a group, sell-side analysts predict 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 of this dividend is Tuesday, December 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.98%. National Health Investors’s dividend payout ratio (DPR) is presently 123.71%.

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.