Los Angeles Capital Management LLC Reduces Position in National Health Investors, Inc. (NYSE:NHI)

Los Angeles Capital Management LLC lessened its holdings in National Health Investors, Inc. (NYSE:NHI) by 55.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,825 shares of the real estate investment trust’s stock after selling 8,374 shares during the quarter. Los Angeles Capital Management LLC’s holdings in National Health Investors were worth $473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Quarry LP acquired a new stake in shares of National Health Investors during the 3rd quarter valued at about $27,000. Covestor Ltd grew its holdings in shares of National Health Investors by 2,700.0% during the third quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 405 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in National Health Investors in the 3rd quarter valued at about $35,000. Loomis Sayles & Co. L P acquired a new stake in shares of National Health Investors in the third quarter valued at approximately $38,000. Finally, Assetmark Inc. boosted its position in shares of National Health Investors by 27.8% during the 3rd quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 141 shares during the last quarter. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their target price on National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, National Health Investors presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.

National Health Investors Stock Performance

Shares of NHI opened at $73.23 on Tuesday. National Health Investors, Inc. has a 12-month low of $57.50 and a 12-month 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 firm has a market cap of $3.35 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 4.42 and a beta of 1.06. The company’s 50 day simple moving average is $68.81 and its 200-day simple moving average is $75.00.

National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $85.75 million during the quarter, compared to analysts’ expectations of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. As a group, equities analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors’s dividend payout ratio is currently 115.38%.

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.