Baird Financial Group Inc. Buys New Holdings in National Health Investors, Inc. (NYSE:NHI)

Baird Financial Group Inc. purchased a new position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,550 shares of the real estate investment trust's stock, valued at approximately $385,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P boosted its stake in shares of National Health Investors by 42.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 189 shares during the period. Jones Financial Companies Lllp grew its stake in National Health Investors by 781.2% in the 4th quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 789 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of National Health Investors during the fourth quarter worth approximately $63,000. NewEdge Advisors LLC purchased a new stake in shares of National Health Investors in the fourth quarter valued at approximately $83,000. Finally, KBC Group NV increased its holdings in National Health Investors by 61.4% during the 4th quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust's stock worth $140,000 after purchasing an additional 768 shares during the period. 62.51% of the stock is currently owned by institutional investors.

National Health Investors Stock Down 0.0%

NHI traded down $0.02 during trading on Monday, hitting $75.15. The stock had a trading volume of 125,651 shares, compared to its average volume of 226,438. The stock has a 50 day simple moving average of $74.25 and a two-hundred day simple moving average of $72.67. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors, Inc. has a twelve month low of $63.91 and a twelve month high of $86.13. The company has a market capitalization of $3.51 billion, a PE ratio of 25.82, a PEG ratio of 4.42 and a beta of 0.78.

National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The firm had revenue of $68.87 million during the quarter, compared to analysts' expectations of $85.13 million. During the same quarter last year, the firm earned $1.10 EPS. The business's quarterly revenue was up 9.6% on a year-over-year basis. On average, research analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Monday, June 30th. National Health Investors's dividend payout ratio (DPR) is presently 114.29%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NHI shares. Truist Financial upped their price objective on shares of National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a research note on Wednesday, March 19th. Wedbush restated an "outperform" rating and set a $88.00 target price on shares of National Health Investors in a report on Monday, March 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, National Health Investors currently has an average rating of "Hold" and an average price target of $85.50.

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.