Bank of America Corp DE Has $42.88 Million Stake in National Health Investors, Inc. (NYSE:NHI)

Bank of America Corp DE lowered its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 20.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 618,788 shares of the real estate investment trust's stock after selling 160,830 shares during the quarter. Bank of America Corp DE owned approximately 1.36% of National Health Investors worth $42,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NHI. Barclays PLC boosted its position in National Health Investors by 323.8% during the 3rd quarter. Barclays PLC now owns 71,703 shares of the real estate investment trust's stock valued at $6,027,000 after purchasing an additional 54,782 shares during the period. Inspire Investing LLC boosted its position in National Health Investors by 17.2% during the 4th quarter. Inspire Investing LLC now owns 5,775 shares of the real estate investment trust's stock valued at $400,000 after purchasing an additional 847 shares during the period. Sound Income Strategies LLC boosted its position in National Health Investors by 11.5% during the 4th quarter. Sound Income Strategies LLC now owns 189,131 shares of the real estate investment trust's stock valued at $13,107,000 after purchasing an additional 19,549 shares during the period. Nepsis Inc. boosted its position in National Health Investors by 58.9% during the 4th quarter. Nepsis Inc. now owns 107,721 shares of the real estate investment trust's stock valued at $7,465,000 after purchasing an additional 39,913 shares during the period. Finally, Blue Trust Inc. boosted its position in National Health Investors by 30.3% during the 4th quarter. Blue Trust Inc. now owns 4,635 shares of the real estate investment trust's stock valued at $321,000 after purchasing an additional 1,078 shares during the period. Institutional investors and hedge funds own 62.51% of the company's stock.

National Health Investors Price Performance

Shares of National Health Investors stock traded down $0.04 during trading on Tuesday, hitting $75.04. The stock had a trading volume of 17,805 shares, compared to its average volume of 225,616. The business has a fifty day moving average of $74.29 and a two-hundred day moving average of $72.66. The firm has a market cap of $3.50 billion, a P/E ratio of 25.78, a PEG ratio of 4.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. National Health Investors, Inc. has a fifty-two week low of $63.91 and a fifty-two week high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $68.87 million for the quarter, compared to analyst estimates of $85.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. National Health Investors's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 earnings per share. On average, sell-side analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.80%. The ex-dividend date is Monday, June 30th. National Health Investors's payout ratio is currently 114.29%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wedbush reiterated an "outperform" rating and set a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial boosted their price target on National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, National Health Investors currently has an average rating of "Hold" and a consensus target price of $85.50.

National Health Investors Company 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.