National Health Investors, Inc. (NYSE:NHI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 67.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,209 shares of the real estate investment trust’s stock after selling 40,416 shares during the period. Janus Henderson Group PLC’s holdings in National Health Investors were worth $1,615,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Centiva Capital LP increased its stake in shares of National Health Investors by 52.8% in the third quarter. Centiva Capital LP now owns 16,410 shares of the real estate investment trust’s stock worth $1,379,000 after buying an additional 5,667 shares during the last quarter. Edgestream Partners L.P. lifted its stake in National Health Investors by 135.6% in the third quarter. Edgestream Partners L.P. now owns 78,088 shares of the real estate investment trust’s stock valued at $6,564,000 after buying an additional 44,938 shares during the last quarter. Verition Fund Management LLC bought a new position in National Health Investors in the 3rd quarter worth about $293,000. Martingale Asset Management L P bought a new stake in National Health Investors during the 3rd quarter valued at $1,921,000. Finally, Waterfront Capital Partners LLC bought a new stake in shares of National Health Investors during the third quarter valued at about $10,097,000. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

National Health Investors Stock Performance

Shares of National Health Investors stock opened at $72.70 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors, Inc. has a 52 week low of $51.59 and a 52 week high of $86.13. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 4.87 and a beta of 1.04. The firm has a fifty day moving average of $77.01 and a two-hundred day moving average of $75.37.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share 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 the consensus estimate 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 quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. As a group, equities research analysts predict that National Health Investors, Inc. will post 4.42 EPS for the current year.

National Health Investors Dividend Announcement

The company 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. The ex-dividend date is Tuesday, December 31st. This represents a $3.60 annualized dividend and a dividend yield of 4.95%. National Health Investors’s dividend payout ratio is presently 123.71%.

Analyst Ratings Changes

A number of research firms recently issued reports on NHI. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Truist Financial lifted their target price on National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company cut National Health Investors from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $81.00 to $86.00 in a research report on Tuesday, October 1st. Finally, Bank of America initiated coverage on shares of National Health Investors in a report on Tuesday, September 24th. They set a “buy” rating and a $92.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, National Health Investors has an average rating of “Moderate Buy” and an average price target of $76.33.

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.