Principal Financial Group Inc. lessened its holdings in shares of National Health Investors Inc (NYSE:NHI) by 13.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,077 shares of the real estate investment trust’s stock after selling 1,094 shares during the quarter. Principal Financial Group Inc.’s holdings in National Health Investors were worth $547,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in NHI. Jacobi Capital Management LLC boosted its position in National Health Investors by 187.7% during the 3rd quarter. Jacobi Capital Management LLC now owns 1,827 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 1,192 shares during the period. Fortaleza Asset Management Inc. boosted its position in National Health Investors by 123.7% during the 3rd quarter. Fortaleza Asset Management Inc. now owns 2,740 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 1,515 shares during the period. Yorktown Management & Research Co Inc acquired a new position in National Health Investors during the 2nd quarter worth $214,000. Allegis Investment Advisors LLC acquired a new stake in shares of National Health Investors in the second quarter valued at $216,000. Finally, Profund Advisors LLC lifted its holdings in shares of National Health Investors by 4.3% in the second quarter. Profund Advisors LLC now owns 3,126 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 130 shares during the period. Institutional investors own 70.52% of the company’s stock.
Several analysts have recently weighed in on the company. Capital One Financial assumed coverage on National Health Investors in a report on Monday, October 23rd. They issued an “equal weight” rating for the company. Zacks Investment Research lowered National Health Investors from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. ValuEngine upgraded National Health Investors from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Mizuho restated a “hold” rating and issued a $82.00 price objective on shares of National Health Investors in a report on Wednesday, October 4th. Finally, KeyCorp restated a “hold” rating on shares of National Health Investors in a report on Friday, November 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $80.14.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Thursday, December 28th. National Health Investors’s dividend payout ratio (DPR) is presently 95.00%.
National Health Investors Company Profile
National Health Investors, Inc is a self-managed real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company is engaged in the business of owning and financing healthcare properties.
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