Cwm LLC Trims Stock Position in National Health Investors, Inc. (NYSE:NHI)

Cwm LLC reduced its stake in National Health Investors, Inc. (NYSE:NHI) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,821 shares of the real estate investment trust’s stock after selling 1,018 shares during the quarter. Cwm LLC’s holdings in National Health Investors were worth $1,330,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Handelsbanken Fonder AB increased its stake in shares of National Health Investors by 9.3% during the third quarter. Handelsbanken Fonder AB now owns 14,151 shares of the real estate investment trust’s stock worth $1,190,000 after acquiring an additional 1,200 shares during the period. Central Valley Advisors LLC acquired a new position in National Health Investors during the 3rd quarter worth approximately $436,000. Truist Financial Corp raised its stake in shares of National Health Investors by 4.9% during the 2nd quarter. Truist Financial Corp now owns 38,031 shares of the real estate investment trust’s stock worth $2,576,000 after buying an additional 1,780 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of National Health Investors in the 2nd quarter valued at approximately $215,000. Finally, Algert Global LLC purchased a new stake in shares of National Health Investors in the second quarter valued at approximately $628,000. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Stock Performance

NYSE:NHI opened at $78.11 on Thursday. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $3.39 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 4.78 and a beta of 1.04. The firm has a 50-day moving average price of $80.37 and a two-hundred day moving average price of $71.44. National Health Investors, Inc. has a twelve month low of $48.51 and a twelve month high of $86.13.

National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). National Health Investors had a net margin of 39.11% and a return on equity of 10.11%. The business had revenue of $84.97 million during the quarter, compared to analyst estimates of $64.95 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, research analysts expect that National Health Investors, Inc. will post 4.55 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be issued a $0.90 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.61%. National Health Investors’s dividend payout ratio (DPR) is 118.03%.

Analyst Ratings Changes

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

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.