EMC Capital Management Lowers Position in National Health Investors, Inc. (NYSE:NHI)

EMC Capital Management trimmed its position in shares of National Health Investors, Inc. (NYSE:NHI) by 25.1% during the third quarter, Holdings Channel.com reports. The fund owned 2,120 shares of the real estate investment trust’s stock after selling 711 shares during the quarter. EMC Capital Management’s holdings in National Health Investors were worth $178,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR boosted its holdings in National Health Investors by 12.4% during the third quarter. Stephens Inc. AR now owns 8,566 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 945 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of National Health Investors during the 3rd quarter worth approximately $321,000. abrdn plc boosted its stake in shares of National Health Investors by 7.4% in the 3rd quarter. abrdn plc now owns 18,905 shares of the real estate investment trust’s stock worth $1,589,000 after buying an additional 1,309 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of National Health Investors by 91.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,451 shares of the real estate investment trust’s stock valued at $452,000 after acquiring an additional 2,601 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of National Health Investors by 8,399.0% during the third quarter. International Assets Investment Management LLC now owns 44,620 shares of the real estate investment trust’s stock valued at $3,751,000 after acquiring an additional 44,095 shares during the last quarter. Institutional investors own 62.51% of the company’s stock.

National Health Investors Price Performance

NHI opened at $76.52 on Friday. The firm has a 50-day moving average price of $80.60 and a 200-day moving average price of $72.73. National Health Investors, Inc. has a twelve month low of $49.25 and a twelve month high of $86.13. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 5.22 and a beta of 1.04.

National Health Investors (NYSE:NHI) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). The business had revenue of $84.97 million during the quarter, compared to analysts’ expectations of $64.95 million. National Health Investors had a net margin of 39.11% and a return on equity of 10.11%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 earnings per share. Equities analysts expect that National Health Investors, Inc. will post 4.48 EPS for the current year.

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, September 27th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, September 27th. 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 122.45%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NHI. Wells Fargo & Company cut National Health Investors from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $81.00 to $86.00 in a research report on Tuesday, October 1st. Bank of America began coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price target for the company. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Truist Financial increased 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 report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.29.

About National Health Investors

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.