Point72 Asset Management L.P. Has $750,000 Position in National Health Investors, Inc. (NYSE:NHI)

Point72 Asset Management L.P. raised its position in National Health Investors, Inc. (NYSE:NHI) by 32.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,827 shares of the real estate investment trust’s stock after acquiring an additional 2,637 shares during the quarter. Point72 Asset Management L.P.’s holdings in National Health Investors were worth $750,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NHI. Focus Partners Wealth increased its position in National Health Investors by 4.0% during the fourth quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust’s stock worth $337,000 after acquiring an additional 188 shares during the period. Loomis Sayles & Co. L P increased its position in 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 worth $44,000 after purchasing an additional 189 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in National Health Investors by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust’s stock worth $1,388,000 after acquiring an additional 196 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in National Health Investors by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 13,197 shares of the real estate investment trust’s stock worth $915,000 after acquiring an additional 238 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in National Health Investors by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 6,479 shares of the real estate investment trust’s stock worth $446,000 after acquiring an additional 248 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

Wall Street Analysts Forecast Growth

NHI has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial upped 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, National Health Investors currently has a consensus rating of “Hold” and an average price target of $85.50.

National Health Investors Stock Down 1.1%

National Health Investors stock opened at $72.18 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 company has a market capitalization of $3.37 billion, a P/E ratio of 24.80, a P/E/G ratio of 4.42 and a beta of 0.78. National Health Investors, Inc. has a twelve month low of $63.91 and a twelve month high of $86.13. The firm has a 50 day moving average price of $74.21 and a 200-day moving average price of $72.65.

National Health Investors (NYSE:NHI) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share 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 firm had revenue of $68.87 million during the quarter, compared to analyst estimates of $85.13 million. During the same quarter last year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The company also recently disclosed 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 4.99%. National Health Investors’s dividend payout ratio (DPR) is currently 114.29%.

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.