Lee Danner & Bass Inc. Has $5.03 Million Stock Holdings in National Health Investors, Inc. (NYSE:NHI)

Lee Danner & Bass Inc. lessened its stake in National Health Investors, Inc. (NYSE:NHI) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 72,517 shares of the real estate investment trust’s stock after selling 623 shares during the quarter. Lee Danner & Bass Inc.’s holdings in National Health Investors were worth $5,025,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NHI. Zimmer Partners LP acquired a new position in National Health Investors in the 3rd quarter valued at approximately $25,218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of National Health Investors by 332.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 242,326 shares of the real estate investment trust’s stock worth $20,370,000 after purchasing an additional 186,238 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of National Health Investors by 17.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust’s stock worth $71,651,000 after purchasing an additional 123,596 shares during the last quarter. Waterfront Capital Partners LLC acquired a new position in shares of National Health Investors during the 3rd quarter worth $10,097,000. Finally, Principal Financial Group Inc. increased its stake 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 worth $114,242,000 after purchasing an additional 82,825 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Stock Performance

NYSE:NHI opened at $74.70 on Friday. National Health Investors, Inc. has a 1 year low of $57.80 and a 1 year high of $86.13. The firm’s fifty day simple moving average is $70.22 and its 200 day simple moving average is $74.68. 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 firm has a market capitalization of $3.41 billion, a PE ratio of 25.67, a PEG ratio of 4.42 and a beta of 1.08.

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

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be paid a $0.90 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.82%. National Health Investors’s payout ratio is presently 115.38%.

Analyst Ratings Changes

NHI has been the topic of several analyst reports. Truist Financial increased their price target on shares of National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday. Wedbush restated an “outperform” rating and set a $88.00 price target on shares of National Health Investors in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.50.

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.