National Health Investors, Inc. (NYSE:NHI) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in shares of National Health Investors, Inc. (NYSE:NHI) by 20.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 618,788 shares of the real estate investment trust’s stock after selling 160,830 shares during the period. Bank of America Corp DE’s holdings in National Health Investors were worth $42,882,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NHI. Barclays PLC grew its holdings in National Health Investors by 323.8% during the 3rd quarter. Barclays PLC now owns 71,703 shares of the real estate investment trust’s stock valued at $6,027,000 after purchasing an additional 54,782 shares in the last quarter. Inspire Investing LLC grew its holdings in National Health Investors by 17.2% during the 4th quarter. Inspire Investing LLC now owns 5,775 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 847 shares in the last quarter. Sound Income Strategies LLC grew its holdings in National Health Investors by 11.5% during the 4th quarter. Sound Income Strategies LLC now owns 189,131 shares of the real estate investment trust’s stock worth $13,107,000 after acquiring an additional 19,549 shares in the last quarter. Nepsis Inc. grew its holdings in National Health Investors by 58.9% during the 4th quarter. Nepsis Inc. now owns 107,721 shares of the real estate investment trust’s stock worth $7,465,000 after acquiring an additional 39,913 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in National Health Investors by 30.3% during the 4th quarter. Blue Trust Inc. now owns 4,635 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 1,078 shares in the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Trading Down 2.0%

National Health Investors stock opened at $73.15 on Thursday. The firm’s 50-day moving average is $74.21 and its 200-day moving average is $72.76. 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 1 year low of $63.91 and a 1 year high of $86.13. The company has a market cap of $3.42 billion, a P/E ratio of 25.14, a PEG ratio of 4.42 and a beta of 0.78.

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

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be given a $0.90 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.92%. National Health Investors’s payout ratio is currently 114.29%.

Analyst Ratings Changes

Several brokerages have weighed in on NHI. Truist Financial raised their price objective on shares of National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, March 19th. Wedbush reissued an “outperform” rating and set a $88.00 price objective on shares of National Health Investors in a report on Monday, March 17th. Three equities research 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 a consensus rating of “Hold” and a consensus target price 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.