Ameriprise Financial Inc. Increases Stock Holdings in National Health Investors, Inc. (NYSE:NHI)

Ameriprise Financial Inc. increased its holdings in National Health Investors, Inc. (NYSE:NHI - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,598 shares of the real estate investment trust's stock after acquiring an additional 7,894 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.07% of National Health Investors worth $2,121,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NHI. Loomis Sayles & Co. L P raised its holdings in National Health Investors by 42.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 189 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in National Health Investors by 781.2% in the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 789 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of National Health Investors during the fourth quarter valued at about $63,000. NewEdge Advisors LLC acquired a new position in shares of National Health Investors during the fourth quarter valued at about $83,000. Finally, KBC Group NV increased its holdings in shares of National Health Investors by 61.4% during the fourth quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust's stock valued at $140,000 after acquiring an additional 768 shares in the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NHI shares. Wedbush restated an "outperform" rating and set a $88.00 price objective on shares of National Health Investors in a report on Monday, March 17th. Truist Financial increased their price target on shares of National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $85.50.

National Health Investors Stock Performance

Shares of NYSE NHI traded down $0.22 during midday trading on Tuesday, reaching $71.76. 424,589 shares of the stock were exchanged, compared to its average volume of 235,159. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 4.42 and a beta of 0.78. National Health Investors, Inc. has a twelve month low of $64.00 and a twelve month high of $86.13. The firm has a 50-day simple moving average of $73.89 and a two-hundred day simple moving average of $72.26. 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 issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $68.87 million for 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 business's revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. As a group, analysts anticipate that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.02%. National Health Investors's dividend payout ratio (DPR) is 114.29%.

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.