National Health Investors, Inc. (NYSE:NHI) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 49.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,200 shares of the real estate investment trust’s stock after selling 6,969 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in National Health Investors were worth $605,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NHI. Jupiter Asset Management Ltd. lifted its holdings in National Health Investors by 448.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 76,875 shares of the real estate investment trust’s stock worth $4,830,000 after buying an additional 62,865 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of National Health Investors in the 2nd quarter worth about $28,000. Russell Investments Group Ltd. grew its holdings in shares of National Health Investors by 733.8% during the first quarter. Russell Investments Group Ltd. now owns 53,783 shares of the real estate investment trust’s stock valued at $3,379,000 after purchasing an additional 47,333 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of National Health Investors in the 2nd quarter worth approximately $457,000. Finally, LSV Asset Management boosted its position in National Health Investors by 3.7% during the 2nd quarter. LSV Asset Management now owns 131,400 shares of the real estate investment trust’s stock valued at $8,900,000 after purchasing an additional 4,700 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NHI shares. Bank of America initiated coverage on National Health Investors in a research note on Tuesday, September 24th. They issued a “buy” rating and a $92.00 target price on the stock. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Truist Financial raised their price target 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. Finally, Wells Fargo & Company lowered National Health Investors from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $81.00 to $86.00 in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.29.

National Health Investors Price Performance

Shares of National Health Investors stock opened at $77.74 on Friday. National Health Investors, Inc. has a 52 week low of $51.59 and a 52 week high of $86.13. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.53 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 5.22 and a beta of 1.05. The company’s 50-day moving average price is $80.08 and its two-hundred day moving average price is $73.90.

National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). The business had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The firm’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 firm earned $1.08 earnings per share. As a group, sell-side analysts anticipate that National Health Investors, Inc. will post 4.42 EPS for the current fiscal year.

National Health Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s dividend payout ratio 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.