Ameriprise Financial Inc. lifted its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 34.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,598 shares of the real estate investment trust's stock after buying 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.
Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. boosted 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 worth $2,060,000 after purchasing an additional 5,318 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of National Health Investors by 2.9% in the fourth 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 purchasing an additional 24,462 shares during the last quarter. Sterling Capital Management LLC increased its stake in National Health Investors by 61.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,099 shares of the real estate investment trust's stock worth $215,000 after acquiring an additional 1,175 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in National Health Investors by 9.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 60,130 shares of the real estate investment trust's stock worth $4,167,000 after acquiring an additional 5,290 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its stake in National Health Investors by 35.9% during 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 during the last quarter. Hedge funds and other institutional investors own 62.51% of the company's stock.
National Health Investors Stock Performance
Shares of NHI traded down $0.40 during midday trading on Friday, reaching $72.53. 699,330 shares of the stock were exchanged, compared to its average volume of 232,392. The business's 50-day moving average price is $73.97 and its 200 day moving average price is $72.38. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. National Health Investors, Inc. has a twelve month low of $64.00 and a twelve month high of $86.13. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 4.42 and a beta of 0.78.
National Health Investors (NYSE:NHI - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $68.87 million for the quarter, compared to analysts' expectations of $85.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, sell-side analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.
National Health Investors Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.96%. The ex-dividend date is Monday, June 30th. National Health Investors's payout ratio is 114.29%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Wedbush restated an "outperform" rating and set a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial lifted their price target on National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $85.50.
Read Our Latest Research Report on NHI
About National Health Investors
(
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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