Nissay Asset Management Corp Japan ADV Buys 248 Shares of National Health Investors, Inc. (NYSE:NHI)

Nissay Asset Management Corp Japan ADV grew its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,479 shares of the real estate investment trust’s stock after acquiring an additional 248 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in National Health Investors were worth $446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in National Health Investors in the fourth quarter worth $42,322,000. Millennium Management LLC grew its holdings in National Health Investors by 1,967.0% in the fourth quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust’s stock worth $33,843,000 after purchasing an additional 464,727 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in National Health Investors in the fourth quarter worth $23,917,000. Marshall Wace LLP grew its holdings in National Health Investors by 161.6% in the fourth quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust’s stock worth $38,225,000 after purchasing an additional 340,712 shares during the last quarter. Finally, Land & Buildings Investment Management LLC grew its holdings in National Health Investors by 109.4% in the fourth quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust’s stock worth $32,367,000 after purchasing an additional 243,999 shares during the last quarter. Institutional investors own 62.51% of the company’s stock.

Analyst Upgrades and Downgrades

NHI has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $88.00 price target on shares of National Health Investors in a report on Monday, March 17th. Truist Financial lifted their price target 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.50.

National Health Investors Price Performance

Shares of NHI opened at $75.16 on Monday. The firm has a market capitalization of $3.51 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick 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’s fifty day moving average price is $74.25 and its 200-day moving average price is $72.67.

National Health Investors (NYSE:NHI) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company 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 firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. On average, equities research analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current 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. 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 4.79%. National Health Investors’s dividend payout ratio is presently 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.