National Health Investors, Inc. (NYSE:NHI) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 11.8% in the 4th quarter, Holdings Channel reports. The fund owned 4,429 shares of the real estate investment trust’s stock after selling 594 shares during the period. Cetera Investment Advisers’ holdings in National Health Investors were worth $307,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NHI. Loomis Sayles & Co. L P grew its stake in National Health Investors by 42.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 189 shares in the last quarter. Jones Financial Companies Lllp grew its stake in National Health Investors by 781.2% in the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 789 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in National Health Investors in the fourth quarter worth about $63,000. NewEdge Advisors LLC acquired a new position in National Health Investors in the fourth quarter worth about $83,000. Finally, KBC Group NV grew its stake in National Health Investors by 61.4% in the fourth quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 768 shares in the last quarter. 62.51% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Stock Performance

Shares of NHI stock opened at $72.53 on Friday. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average of $73.97 and a two-hundred day moving average of $72.38. National Health Investors, Inc. has a 52 week low of $64.00 and a 52 week high of $86.13. The company has a market cap of $3.39 billion, a P/E ratio of 24.92, a PEG ratio of 4.42 and a beta of 0.78.

National Health Investors (NYSE:NHI) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The company had revenue of $68.87 million during the quarter, compared to the consensus estimate of $85.13 million. During the same period in the previous year, the firm posted $1.10 earnings per share. National Health Investors’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, analysts anticipate that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a yield of 4.96%. National Health Investors’s payout ratio is currently 114.29%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NHI shares. Truist Financial lifted their price target on National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, March 19th. Wedbush reiterated an “outperform” rating and issued a $88.00 price target on shares of National Health Investors in a research note on Monday, March 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.50.

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.