Arizona State Retirement System Has $678,000 Holdings in National Health Investors, Inc. (NYSE:NHI)

Arizona State Retirement System trimmed its position in shares of National Health Investors, Inc. (NYSE:NHI) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,136 shares of the real estate investment trust’s stock after selling 218 shares during the quarter. Arizona State Retirement System’s holdings in National Health Investors were worth $678,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Raymond James & Associates grew its position in National Health Investors by 7.0% during the 1st quarter. Raymond James & Associates now owns 21,335 shares of the real estate investment trust’s stock worth $1,259,000 after acquiring an additional 1,403 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of National Health Investors by 5.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,806 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 368 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of National Health Investors by 29.2% in the first quarter. PNC Financial Services Group Inc. now owns 5,092 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 1,150 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of National Health Investors by 53.0% in the first quarter. MetLife Investment Management LLC now owns 22,969 shares of the real estate investment trust’s stock valued at $1,355,000 after buying an additional 7,957 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new position in shares of National Health Investors in the first quarter valued at about $1,752,000. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Price Performance

National Health Investors stock opened at $60.41 on Friday. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $2.62 billion, a P/E ratio of 19.30 and a beta of 0.95. The business has a 50-day moving average of $58.64 and a 200-day moving average of $55.23. National Health Investors, Inc. has a 1 year low of $47.54 and a 1 year high of $62.93.

National Health Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 28th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Wednesday, March 27th. National Health Investors’s dividend payout ratio is currently 115.02%.

Insider Buying and Selling

In other National Health Investors news, Director Charlotte A. Swafford bought 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of $58.69 per share, with a total value of $586,900.00. Following the completion of the purchase, the director now owns 110,185 shares in the company, valued at $6,466,757.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NHI has been the subject of several research reports. Wedbush raised their price objective on shares of National Health Investors from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft started coverage on National Health Investors in a report on Tuesday, January 30th. They set a “buy” rating and a $69.00 price objective on the stock. Wells Fargo & Company raised National Health Investors from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $55.00 to $63.00 in a research note on Monday, February 26th. Truist Financial upped their price target on National Health Investors from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. Finally, StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, National Health Investors currently has a consensus rating of “Hold” and an average target price of $60.50.

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.