OVERSEA CHINESE BANKING Corp Ltd Takes Position in National Health Investors, Inc. (NYSE:NHI)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of National Health Investors, Inc. (NYSE:NHI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 23,992 shares of the real estate investment trust’s stock, valued at approximately $2,017,000. OVERSEA CHINESE BANKING Corp Ltd owned 0.06% of National Health Investors at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Financial Concepts LLC bought a new stake in shares of National Health Investors during the 2nd quarter worth $28,000. Covestor Ltd boosted its stake in National Health Investors by 2,700.0% in the third quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 405 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of National Health Investors during the 2nd quarter valued at approximately $36,000. Blue Trust Inc. increased its stake in shares of National Health Investors by 2,651.9% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 716 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of National Health Investors by 27.8% in the 3rd quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NHI shares. Wells Fargo & Company downgraded National Health Investors from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $81.00 to $86.00 in a research report on Tuesday, October 1st. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Truist Financial upped their price target on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Finally, Bank of America began coverage on shares of National Health Investors in a research note on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price objective for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, National Health Investors presently has an average rating of “Moderate Buy” and an average price target of $73.29.

National Health Investors Price Performance

Shares of NYSE:NHI opened at $80.26 on Wednesday. The company has a 50 day moving average of $80.35 and a 200 day moving average of $73.74. 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 market cap of $3.65 billion, a P/E ratio of 27.58, a P/E/G ratio of 5.48 and a beta of 1.05. National Health Investors, Inc. has a 12 month low of $50.57 and a 12 month high of $86.13.

National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.42). National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The firm had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. During the same period in the previous year, the company posted $1.08 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, sell-side analysts forecast that National Health Investors, Inc. will post 4.42 EPS for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s dividend payout ratio (DPR) is presently 123.71%.

About National Health Investors

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.