Edgestream Partners L.P. Has $3.70 Million Position in National Health Investors, Inc. (NYSE:NHI)

Edgestream Partners L.P. lessened its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 31.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 53,395 shares of the real estate investment trust’s stock after selling 24,693 shares during the quarter. Edgestream Partners L.P. owned about 0.12% of National Health Investors worth $3,700,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in National Health Investors during the fourth quarter worth approximately $2,219,000. Arizona State Retirement System grew its position in shares of National Health Investors by 7.3% in the fourth quarter. Arizona State Retirement System now owns 13,412 shares of the real estate investment trust’s stock valued at $929,000 after purchasing an additional 908 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of National Health Investors by 21.8% during the fourth quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust’s stock worth $2,060,000 after purchasing an additional 5,318 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in National Health Investors by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock worth $60,765,000 after purchasing an additional 24,462 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted 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 purchasing an additional 789 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their price objective on National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.60.

National Health Investors Trading Up 1.4 %

Shares of NHI stock opened at $72.86 on Friday. The stock has a market cap of $3.33 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08. National Health Investors, Inc. has a 1 year low of $57.80 and a 1 year 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. The stock has a 50 day simple moving average of $69.09 and a 200 day simple moving average of $74.94.

National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $85.75 million during the quarter, compared to the consensus estimate of $81.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. On average, research analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be paid a dividend of $0.90 per share. The ex-dividend date is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.94%. National Health Investors’s payout ratio is 115.38%.

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.