State of Alaska Department of Revenue Cuts Holdings in National Health Investors, Inc. (NYSE:NHI)

Posted by Defense World Staff on Oct 17th, 2023

State of Alaska Department of Revenue trimmed its holdings in shares of National Health Investors, Inc. (NYSE:NHI – Free Report) by 9.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,549 shares of the real estate investment trust’s stock after selling 2,081 shares during the quarter. State of Alaska Department of Revenue’s holdings in National Health Investors were worth $1,024,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NHI. Dark Forest Capital Management LP grew its holdings in National Health Investors by 35.0% in the first quarter. Dark Forest Capital Management LP now owns 9,977 shares of the real estate investment trust’s stock worth $515,000 after purchasing an additional 2,588 shares during the last quarter. Pinnacle Financial Partners Inc. grew its holdings in National Health Investors by 16.9% in the first quarter. Pinnacle Financial Partners Inc. now owns 48,397 shares of the real estate investment trust’s stock worth $2,496,000 after purchasing an additional 7,000 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in National Health Investors by 28.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,447 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 1,197 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in National Health Investors by 7.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,027 shares of the real estate investment trust’s stock worth $1,033,000 after purchasing an additional 1,387 shares during the last quarter. Finally, Pensionfund Sabic grew its holdings in National Health Investors by 105.9% in the second quarter. Pensionfund Sabic now owns 14,000 shares of the real estate investment trust’s stock worth $734,000 after purchasing an additional 7,200 shares during the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NHI has been the topic of several analyst reports. TheStreet raised shares of National Health Investors from a “c+” rating to a “b-” rating in a report on Friday, August 11th. Berenberg Bank assumed coverage on shares of National Health Investors in a research note on Thursday, September 28th. They set a “hold” rating and a $54.00 price objective for the company. Wedbush assumed coverage on shares of National Health Investors in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $54.00 price objective for the company. Truist Financial lifted their price objective on shares of National Health Investors from $56.00 to $57.00 in a research note on Thursday, June 22nd. Finally, Jefferies Financial Group assumed coverage on shares of National Health Investors in a research note on Wednesday, September 20th. They set a “hold” rating and a $52.00 price objective for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $53.17.

Get Our Latest Analysis on NHI

National Health Investors Trading Up 0.2 %

Shares of National Health Investors stock opened at $49.78 on Tuesday. The firm has a 50-day simple moving average of $51.04 and a two-hundred day simple moving average of $51.85. The company has a market cap of $2.16 billion, a P/E ratio of 19.68 and a beta of 0.87. National Health Investors, Inc. has a fifty-two week low of $47.54 and a fifty-two week high of $60.17. The company has a debt-to-equity ratio of 0.89, a quick ratio of 11.18 and a current ratio of 11.18.

National Health Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Friday, September 29th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.23%. National Health Investors’s dividend payout ratio (DPR) is currently 142.29%.

Insiders Place Their Bets

In other news, Director James R. Jobe acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average price of $51.40 per share, for a total transaction of $51,400.00. Following the completion of the transaction, the director now owns 14,979 shares in the company, valued at approximately $769,920.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.26% of the company’s stock.

National Health Investors Company Profile

(Free Report)

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.