CANADA LIFE ASSURANCE Co Purchases 5,820 Shares of National Health Investors, Inc. (NYSE:NHI)

CANADA LIFE ASSURANCE Co boosted its holdings in National Health Investors, Inc. (NYSE:NHI - Free Report) by 9.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 67,322 shares of the real estate investment trust's stock after buying an additional 5,820 shares during the period. CANADA LIFE ASSURANCE Co owned 0.15% of National Health Investors worth $4,665,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NHI. Loomis Sayles & Co. L P lifted its holdings in shares of National Health Investors by 42.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 189 shares during the last quarter. State of Alaska Department of Revenue raised its position in National Health Investors by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust's stock valued at $1,388,000 after purchasing an additional 196 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of National Health Investors by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,197 shares of the real estate investment trust's stock valued at $915,000 after purchasing an additional 238 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of National Health Investors by 3.9% in the 3rd quarter. Tidal Investments LLC now owns 6,762 shares of the real estate investment trust's stock worth $568,000 after purchasing an additional 254 shares during the period. Finally, Xponance Inc. increased its position in shares of National Health Investors by 9.5% during the 4th quarter. Xponance Inc. now owns 2,997 shares of the real estate investment trust's stock valued at $208,000 after purchasing an additional 259 shares during the last quarter. 62.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NHI. 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. Wedbush restated an "outperform" rating and issued a $88.00 target price on shares of National Health Investors in a report on Monday, March 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $85.50.

National Health Investors Trading Up 0.8 %

NHI traded up $0.57 during trading hours on Wednesday, reaching $75.43. 189,674 shares of the company's stock traded hands, compared to its average volume of 222,346. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $73.49 and a 200 day moving average price of $72.80. National Health Investors, Inc. has a 52-week low of $63.14 and a 52-week high of $86.13. The firm has a market capitalization of $3.52 billion, a PE ratio of 25.92, a PEG ratio of 4.42 and a beta of 0.79.

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

National Health Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Monday, March 31st. National Health Investors's dividend payout ratio is presently 115.38%.

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.