Victory Capital Management Reduces Stake in National Health Investors, Inc
August 11, 2023
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Victory Capital Management Inc. recently announced its decision to reduce its stake in National Health Investors ($NYSE:NHI), Inc. (NHI), a real estate investment trust that specializes in financing healthcare facilities. It is primarily engaged in the acquisition, financing, and owning of real estate property to be leased to medical service providers. Victory Capital Management Inc.’s recent decision to reduce its holdings of NHI marks a drastic shift from the previous year, when it had been one of the largest stakeholders in the company.
The move suggests that Victory Capital Management Inc. may be rethinking its involvement in NHI and possibly looking for other opportunities in the healthcare real estate sector. It is yet to be seen what effect this decision will have on National Health Investors, Inc. and its shareholders.
Market Price
The news had a positive effect on the stock as NHI opened at $54.8 on Monday and closed at $55.7, an increase of 1.9% from the previous closing price of 54.6. This signifies an increase in investor confidence in the healthcare real-estate investment company. NHI is a publically traded company that invests in healthcare properties including senior housing, medical office buildings, and skilled nursing facilities. It is headquartered in Murfreesboro, Tennessee. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NHI. More…
| Total Revenues | Net Income | Net Margin |
| 307.23 | 110.57 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NHI. More…
| Operations | Investing | Financing |
| 171.44 | 11.7 | -209.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NHI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.5k | 1.21k | 29.25 |
Key Ratios Snapshot
Some of the financial key ratios for NHI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 54.4% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has performed an analysis of NATIONAL HEALTH INVESTORS’s fundamentals and found that the company has a high health score of 7/10, indicating that it is capable of sustaining future operations in times of crisis. Furthermore, NATIONAL HEALTH INVESTORS is classified as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. When looking at its key performance indicators, we found that NATIONAL HEALTH INVESTORS is strong in profitability, medium in asset, dividend and weak in growth. Therefore, we believe that investors who are looking for steady returns and income from dividends over time and those who are seeking a safe, low-risk investment would be interested in this company. More…
Peers
The healthcare sector has seen a lot of consolidation in recent years as companies have been looking to increase their scale and efficiency. National Health Investors Inc (NHI) is one of the largest players in the healthcare real estate investment trust (REIT) space and competes with a number of other large companies, including Griffin-American Healthcare Reit III Inc, NorthStar Healthcare Income Inc, and Healthcare Trust of America Inc. NHI has been able to outperform its competitors in recent years by executing a strategy of diversifying its portfolio across a number of different healthcare subsectors. This has allowed NHI to weather the ups and downs of the healthcare sector better than its competitors and has resulted in better financial results for the company.
– Griffin-American Healthcare Reit III Inc ($OTCPK:GRAH)
Griffin-American Healthcare REIT III, Inc. is a real estate investment trust that focuses on owning and operating income-producing healthcare properties in the United States. As of December 31, 2020, the company’s portfolio consisted of 199 healthcare properties in 33 states. The company was founded in 2013 and is headquartered in Irvine, California.
– NorthStar Healthcare Income Inc ($OTCPK:NHHS)
NorthStar Healthcare Income Inc is a publicly traded real estate investment trust that focuses on investing in and owning net-leased healthcare properties across the United States. The company’s portfolio consists of skilled nursing, senior housing, hospitals, and other medical office buildings. NorthStar Healthcare Income Inc is headquartered in Dallas, Texas.
Summary
National Health Investors (NHI) is a publicly-traded real estate investment trust (REIT) specializing in financing and owning income-producing healthcare facilities. Looking ahead, NHI has a strong portfolio of investments and is expected to continue to benefit from the increasing demand for healthcare services in the US.
