1,019,379 Shares in National Health Investors, Inc. $NHI Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 1,019,379 shares of National Health Investors during the second quarter, valued at approximately $77.7 million and representing about 2.08% of the REIT.
• Analysts maintain a generally favorable outlook, with a “Moderate Buy” consensus rating and an average price target of $82.25, compared with the reported share price of $67.68.
• NHI reported quarterly revenue of $121.32 million and EPS of $1.19, while maintaining a quarterly dividend of $0.92 per share—an annualized yield of approximately 5.4%.

Bank of America Corp DE purchased a new position in National Health Investors, Inc. (NYSE:NHI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,019,379 shares of the real estate investment trust's stock, valued at approximately $77,738,000. Bank of America Corp DE owned about 2.08% of National Health Investors as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NHI. Allworth Financial LP bought a new position in National Health Investors during the 2nd quarter worth approximately $42,000. EverSource Wealth Advisors LLC raised its holdings in National Health Investors by 34.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 626 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 160 shares during the last quarter. Covestor Ltd raised its holdings in National Health Investors by 492.5% during the 4th quarter. Covestor Ltd now owns 954 shares of the real estate investment trust's stock valued at $73,000 after buying an additional 793 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in National Health Investors by 80.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,022 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 456 shares during the period. Finally, Assetmark Inc. boosted its position in National Health Investors by 13.5% during the 1st quarter. Assetmark Inc. now owns 1,356 shares of the real estate investment trust's stock valued at $110,000 after buying an additional 161 shares during the period. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NHI has been the topic of a number of analyst reports. Huntington initiated coverage on shares of National Health Investors in a research report on Thursday, September 10th. They issued an "outperform" rating and a $79.00 price objective on the stock. National Bank Financial set a $79.00 target price on shares of National Health Investors in a report on Wednesday, September 9th. Zacks Research cut National Health Investors from a "hold" rating to a "strong sell" rating in a research note on Thursday, June 25th. BMO Capital Markets reduced their price target on National Health Investors from $90.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, June 15th. Finally, Wells Fargo & Company lowered their price target on National Health Investors from $79.00 to $78.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 1st. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, National Health Investors presently has an average rating of "Moderate Buy" and an average price target of $82.25.

National Health Investors Stock Performance

Shares of NHI opened at $67.68 on Friday. The company has a quick ratio of 6.78, a current ratio of 6.78 and a debt-to-equity ratio of 0.81. The stock has a market cap of $3.32 billion, a P/E ratio of 19.56, a P/E/G ratio of 3.62 and a beta of 0.52. The business's 50 day moving average price is $74.00 and its 200-day moving average price is $76.89. National Health Investors, Inc. has a 52 week low of $67.36 and a 52 week high of $91.38.

National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $121.32 million during the quarter. National Health Investors had a return on equity of 10.89% and a net margin of 38.56%.During the same quarter in the previous year, the firm posted $1.22 EPS. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. National Health Investors has set its FY 2026 guidance at 4.740-4.790 EPS. Equities research analysts anticipate that National Health Investors, Inc. will post 4.76 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Wednesday, September 30th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 5.4%. The ex-dividend date is Wednesday, September 30th. National Health Investors's dividend payout ratio (DPR) is presently 106.36%.

About National Health Investors

National Health Investors, Inc NYSE: NHI is a real estate investment trust that owns and finances healthcare real estate. The company focuses primarily on properties serving older adults and patients requiring specialized care, including independent living, assisted living, memory care, skilled nursing and continuing care retirement communities.

NHI generally leases its properties to healthcare and senior-living operators under long-term agreements, including primarily triple-net leases, under which tenants are typically responsible for property-level operating expenses, maintenance and taxes.

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