Janus Henderson Group PLC boosted its stake in National Health Investors Inc (NYSE:NHI) by 6.7% in the 1st quarter, Holdings Channel reports. The firm owned 15,839 shares of the real estate investment trust’s stock after acquiring an additional 995 shares during the quarter. Janus Henderson Group PLC’s holdings in National Health Investors were worth $1,244,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of NHI. ERTS Wealth Advisors LLC bought a new position in National Health Investors in the 4th quarter valued at approximately $25,000. Oppenheimer Asset Management Inc. bought a new position in National Health Investors in the 4th quarter valued at approximately $52,000. Quadrant Capital Group LLC lifted its stake in National Health Investors by 306.7% in the 1st quarter. Quadrant Capital Group LLC now owns 793 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 598 shares during the last quarter. Liberty Wealth Management LLC bought a new position in National Health Investors in the 4th quarter valued at approximately $69,000. Finally, Quantamental Technologies LLC bought a new position in National Health Investors in the 4th quarter valued at approximately $75,000. 70.23% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE NHI opened at $79.39 on Wednesday. The company has a quick ratio of 14.99, a current ratio of 14.99 and a debt-to-equity ratio of 0.91. National Health Investors Inc has a 52-week low of $69.57 and a 52-week high of $84.57. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 3.65 and a beta of 0.48.
National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.48). National Health Investors had a net margin of 50.87% and a return on equity of 10.96%. The business had revenue of $76.11 million during the quarter, compared to analyst estimates of $73.21 million. During the same quarter last year, the company posted $1.35 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. As a group, research analysts expect that National Health Investors Inc will post 5.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, June 28th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.29%. The ex-dividend date is Thursday, June 27th. National Health Investors’s dividend payout ratio (DPR) is currently 76.64%.
In other National Health Investors news, Director Robert A. Mccabe, Jr. sold 1,181 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $78.04, for a total value of $92,165.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.11% of the company’s stock.
NHI has been the subject of several recent research reports. Zacks Investment Research upgraded shares of National Health Investors from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. ValuEngine cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $79.43.
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About National Health Investors
Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.
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