Bank of Montreal Can Makes New $2.65 Million Investment in National Health Investors, Inc. (NYSE:NHI)

Bank of Montreal Can bought a new stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,303 shares of the real estate investment trust's stock, valued at approximately $2,654,000. Bank of Montreal Can owned about 0.08% of National Health Investors as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. lifted its position in National Health Investors by 21.8% during the fourth quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust's stock valued at $2,060,000 after purchasing an additional 5,318 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of National Health Investors by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust's stock valued at $60,765,000 after acquiring an additional 24,462 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of National Health Investors by 9.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 60,130 shares of the real estate investment trust's stock valued at $4,167,000 after acquiring an additional 5,290 shares during the last quarter. Centersquare Investment Management LLC grew its position in National Health Investors by 35.9% in the fourth quarter. Centersquare Investment Management LLC now owns 394,433 shares of the real estate investment trust's stock worth $27,334,000 after acquiring an additional 104,186 shares in the last quarter. Finally, AlphaQuest LLC increased its stake in National Health Investors by 252.2% during the fourth quarter. AlphaQuest LLC now owns 9,640 shares of the real estate investment trust's stock worth $668,000 after acquiring an additional 6,903 shares during the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

National Health Investors Trading Up 2.8 %

Shares of NYSE NHI traded up $2.10 during midday trading on Tuesday, hitting $76.63. The company's stock had a trading volume of 238,474 shares, compared to its average volume of 220,488. The business's 50 day moving average is $72.71 and its two-hundred day moving average is $72.95. National Health Investors, Inc. has a 12-month low of $61.65 and a 12-month high of $86.13. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The firm has a market cap of $3.58 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79.

National Health Investors (NYSE:NHI - Get Free Report) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.03. The business had revenue of $85.75 million for the quarter, compared to analyst estimates of $81.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. As a group, equities research analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.70%. National Health Investors's dividend payout ratio is currently 115.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NHI shares. Wedbush reaffirmed an "outperform" rating and issued a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial raised 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $85.50.

About National Health Investors

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.