Clayton Partners LLC Decreases Stock Position in National Health Investors, Inc. (NYSE:NHI)

Clayton Partners LLC lowered its stake in National Health Investors, Inc. (NYSE:NHI) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 54,538 shares of the real estate investment trust’s stock after selling 334 shares during the quarter. National Health Investors makes up about 2.6% of Clayton Partners LLC’s holdings, making the stock its 15th biggest position. Clayton Partners LLC’s holdings in National Health Investors were worth $3,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. raised its position in shares of National Health Investors by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock valued at $114,242,000 after buying an additional 82,825 shares in the last quarter. Geode Capital Management LLC raised its position in shares of National Health Investors by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,094,570 shares of the real estate investment trust’s stock valued at $92,026,000 after buying an additional 8,540 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 valued at $60,765,000 after buying an additional 24,462 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of National Health Investors by 10.7% during the 4th quarter. Bank of New York Mellon Corp now owns 557,420 shares of the real estate investment trust’s stock valued at $38,629,000 after buying an additional 53,705 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of National Health Investors by 0.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 463,403 shares of the real estate investment trust’s stock valued at $32,114,000 after buying an additional 2,279 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

National Health Investors Stock Performance

National Health Investors stock opened at $75.08 on Friday. 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 $57.80 and a 1-year high of $86.13. The firm has a market capitalization of $3.43 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08. The company’s 50-day moving average is $69.57 and its 200 day moving average is $74.78.

National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $85.75 million for the quarter, compared to the consensus estimate of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. Research analysts forecast that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.79%. National Health Investors’s dividend payout ratio is currently 115.38%.

Analysts Set New Price Targets

Separately, Truist Financial decreased their target price on shares of 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 two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $79.00.

National Health Investors Company 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.