Balyasny Asset Management L.P. Invests $23.92 Million in National Health Investors, Inc. (NYSE:NHI)

Balyasny Asset Management L.P. acquired a new stake in National Health Investors, Inc. (NYSE:NHI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 345,118 shares of the real estate investment trust’s stock, valued at approximately $23,917,000. Balyasny Asset Management L.P. owned about 0.76% of National Health Investors at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NHI. Loomis Sayles & Co. L P lifted its position in shares of National Health Investors by 42.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 189 shares during the last quarter. Jones Financial Companies Lllp raised its stake in National Health Investors by 781.2% in the 4th quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 789 shares during the period. Venturi Wealth Management LLC purchased a new stake in National Health Investors during the fourth quarter valued at about $63,000. NewEdge Advisors LLC bought a new position in National Health Investors during the fourth quarter worth about $83,000. Finally, KBC Group NV increased its stake in shares of 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 owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on NHI shares. Wedbush restated an “outperform” rating and set a $88.00 price target on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial boosted their target price on shares of National Health Investors from $70.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, National Health Investors presently has a consensus rating of “Hold” and a consensus price target of $85.50.

National Health Investors Trading Up 0.6 %

Shares of National Health Investors stock opened at $76.52 on Wednesday. The company’s 50-day moving average price is $73.88 and its 200-day moving average price is $72.74. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 4.42 and a beta of 0.78. National Health Investors, Inc. has a 12-month low of $63.91 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.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $68.87 million during the quarter, compared to the consensus estimate of $85.13 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 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. On average, equities analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.70%. The ex-dividend date is Monday, June 30th. National Health Investors’s payout ratio is 115.38%.

National Health Investors Company 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.