EP Wealth Advisors LLC acquired a new stake in National Health Investors, Inc. (NYSE:NHI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,531 shares of the real estate investment trust's stock, valued at approximately $245,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new position in shares of National Health Investors in the fourth quarter worth about $42,322,000. Balyasny Asset Management L.P. bought a new position in National Health Investors in the 4th quarter valued at approximately $23,917,000. Marshall Wace LLP raised its holdings in National Health Investors by 161.6% in the 4th quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust's stock valued at $38,225,000 after buying an additional 340,712 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in National Health Investors by 35.9% in the 4th quarter. Centersquare Investment Management LLC now owns 394,433 shares of the real estate investment trust's stock valued at $27,334,000 after buying an additional 104,186 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in National Health Investors by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust's stock valued at $445,128,000 after purchasing an additional 102,012 shares during the period. 62.51% of the stock is currently owned by institutional investors and hedge funds.
National Health Investors Price Performance
NYSE:NHI traded up $0.54 during mid-day trading on Friday, hitting $75.16. 289,390 shares of the stock traded hands, compared to its average volume of 226,440. The business's 50-day moving average price is $74.25 and its 200 day moving average price is $72.73. The company has a market cap of $3.51 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78. National Health Investors, Inc. has a 12-month low of $63.91 and a 12-month high of $86.13. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92.
National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $68.87 million during the quarter, compared to analysts' expectations of $85.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm's revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. On average, analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.
National Health Investors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 annualized dividend and a yield of 4.79%. National Health Investors's dividend payout ratio (DPR) is presently 114.29%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Wedbush reissued an "outperform" rating and set a $88.00 target price on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial raised their price target on shares of National Health Investors from $70.00 to $76.00 and gave the company 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 stock. Based on data from MarketBeat.com, National Health Investors currently has an average rating of "Hold" and an average price target of $85.50.
Check Out Our Latest Stock Analysis on National Health Investors
National Health Investors Profile
(
Free Report)
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.
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