Public Employees Retirement System of Ohio Cuts Stock Holdings in National Health Investors, Inc. $NHI

Public Employees Retirement System of Ohio lessened its stake in National Health Investors, Inc. (NYSE:NHI) by 17.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,036 shares of the real estate investment trust’s stock after selling 11,307 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in National Health Investors were worth $4,369,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of National Health Investors by 5.0% during the 2nd quarter. State Street Corp now owns 2,023,381 shares of the real estate investment trust’s stock worth $143,651,000 after buying an additional 95,812 shares during the last quarter. Principal Financial Group Inc. grew its position in National Health Investors by 2.0% during the first quarter. Principal Financial Group Inc. now owns 1,700,908 shares of the real estate investment trust’s stock valued at $137,537,000 after acquiring an additional 32,902 shares during the period. Geode Capital Management LLC increased its stake in National Health Investors by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 1,262,657 shares of the real estate investment trust’s stock worth $96,443,000 after acquiring an additional 18,198 shares during the last quarter. Centersquare Investment Management LLC increased its stake in National Health Investors by 17.0% during the fourth quarter. Centersquare Investment Management LLC now owns 1,154,060 shares of the real estate investment trust’s stock worth $88,136,000 after acquiring an additional 167,352 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of National Health Investors by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 817,085 shares of the real estate investment trust’s stock worth $62,401,000 after purchasing an additional 26,558 shares during the period. 62.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at National Health Investors

In other National Health Investors news, CEO D. Eric Mendelsohn bought 1,500 shares of the stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $68.84 per share, for a total transaction of $103,260.00. Following the completion of the purchase, the chief executive officer directly owned 133,316 shares of the company’s stock, valued at approximately $9,177,473.44. The trade was a 1.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert A. Mccabe, Jr. bought 890 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $71.65 per share, for a total transaction of $63,768.50. Following the completion of the transaction, the director owned 44,159 shares of the company’s stock, valued at approximately $3,163,992.35. The trade was a 2.06% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.70% of the company’s stock.

National Health Investors Trading Down 0.5%

NHI opened at $78.18 on Thursday. The firm has a market capitalization of $3.79 billion, a P/E ratio of 25.22, a P/E/G ratio of 3.53 and a beta of 0.51. The firm’s 50 day moving average is $75.14 and its 200-day moving average is $79.77. National Health Investors, Inc. has a 52-week low of $67.94 and a 52-week high of $91.38. The company has a quick ratio of 8.20, a current ratio of 8.20 and a debt-to-equity ratio of 0.83.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.68 annualized dividend and a yield of 4.7%. National Health Investors’s payout ratio is 118.71%.

Analysts Set New Price Targets

NHI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on National Health Investors from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Thursday, June 25th. Truist Financial dropped their target price on shares of National Health Investors from $89.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, June 12th. Weiss Ratings lowered shares of National Health Investors from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. BMO Capital Markets decreased their price objective on shares of National Health Investors from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, June 15th. Finally, Wells Fargo & Company dropped their price objective on shares of National Health Investors from $84.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.86.

National Health Investors Profile

National Health Investors, Inc (NYSE: NHI) is a specialized real estate investment trust (REIT) focused on owning and financing high-quality healthcare and senior housing facilities in the United States. The company’s portfolio encompasses a diverse range of properties, including skilled nursing centers, assisted living and memory care communities, behavioral health facilities, dialysis clinics, and medical office buildings. NHI typically enters into long-term net-lease agreements with experienced healthcare operators, providing stable and predictable rental income streams while enabling its tenants to concentrate on delivering quality care.

Since its founding in 1991 and initial public offering later that year, National Health Investors has pursued a disciplined growth strategy centered on strategic acquisitions, joint ventures, and selective development.