Principal Financial Group Inc. lowered its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 11.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,565,674 shares of the real estate investment trust's stock after selling 201,140 shares during the quarter. Principal Financial Group Inc. owned about 3.60% of National Health Investors worth $131,609,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NHI. Arizona State Retirement System grew its stake in National Health Investors by 1.9% during the second quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust's stock worth $823,000 after buying an additional 222 shares during the period. Van ECK Associates Corp increased its holdings in National Health Investors by 6.9% in the 2nd quarter. Van ECK Associates Corp now owns 6,404 shares of the real estate investment trust's stock valued at $434,000 after purchasing an additional 416 shares in the last quarter. International Assets Investment Management LLC purchased a new position in National Health Investors in the second quarter valued at about $36,000. USA Financial Formulas lifted its stake in shares of National Health Investors by 172.8% during the third quarter. USA Financial Formulas now owns 922 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 584 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of National Health Investors by 8.5% in the first quarter. ProShare Advisors LLC now owns 7,506 shares of the real estate investment trust's stock worth $472,000 after buying an additional 591 shares during the period. Institutional investors and hedge funds own 62.51% of the company's stock.
Several equities research analysts recently commented on NHI shares. Bank of America assumed coverage on National Health Investors in a report on Tuesday, September 24th. They set a "buy" rating and a $92.00 target price on the stock. Wells Fargo & Company cut shares of National Health Investors from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $81.00 to $86.00 in a research report on Tuesday, October 1st. StockNews.com lowered shares of National Health Investors from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th. Finally, Truist Financial boosted their price objective on shares of National Health Investors from $65.00 to $78.00 and gave the stock a "hold" rating in a report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $73.29.
Read Our Latest Research Report on NHI
Shares of NYSE:NHI opened at $81.19 on Friday. National Health Investors, Inc. has a 12-month low of $50.12 and a 12-month high of $86.13. The company has a current ratio of 10.29, a quick ratio of 10.27 and a debt-to-equity ratio of 0.92. The firm has a market cap of $3.69 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 5.16 and a beta of 1.05. The company has a fifty day simple moving average of $80.36 and a 200 day simple moving average of $73.34.
National Health Investors (NYSE:NHI - Get Free Report) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.42). The company 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%. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS. On average, equities research analysts anticipate that National Health Investors, Inc. will post 4.44 EPS for the current fiscal year.
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 $0.90 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.43%. National Health Investors's dividend payout ratio (DPR) is 123.71%.
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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