National Health Investors, Inc. (NYSE:NHI) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 588,871 shares of the real estate investment trust's stock after purchasing an additional 31,451 shares during the quarter. Bank of New York Mellon Corp owned 1.26% of National Health Investors worth $43,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NHI. Norges Bank purchased a new position in shares of National Health Investors in the fourth quarter valued at $42,322,000. Millennium Management LLC boosted its stake in National Health Investors by 1,967.0% during the 4th quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust's stock valued at $33,843,000 after acquiring an additional 464,727 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in National Health Investors during the 4th quarter valued at $23,917,000. Marshall Wace LLP boosted its stake in National Health Investors by 161.6% during 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 acquiring an additional 340,712 shares during the last quarter. Finally, Land & Buildings Investment Management LLC boosted its stake in National Health Investors by 109.4% during the 4th quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust's stock valued at $32,367,000 after acquiring an additional 243,999 shares during the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Truist Financial upgraded shares of National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price objective on the stock in a research note on Wednesday, July 2nd. KeyCorp upgraded shares of National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price objective on the stock in a research note on Thursday, July 10th. Finally, Wedbush upgraded National Health Investors to a "strong-buy" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $84.60.

National Health Investors Stock Performance

NYSE NHI traded down $0.39 during trading hours on Thursday, reaching $70.27. The company's stock had a trading volume of 358,437 shares, compared to its average volume of 252,583. The company has a current ratio of 16.55, a quick ratio of 16.55 and a debt-to-equity ratio of 0.88. The business has a 50-day simple moving average of $71.95 and a 200 day simple moving average of $71.68. National Health Investors, Inc. has a 52 week low of $65.13 and a 52 week high of $86.13. The stock has a market cap of $3.28 billion, a PE ratio of 22.31, a PEG ratio of 3.56 and a beta of 0.73.

National Health Investors (NYSE:NHI - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 41.15% and a return on equity of 10.64%. National Health Investors's revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $1.10 earnings per share. Equities research analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be given 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 5.12%. National Health Investors's dividend payout ratio is presently 114.29%.

About National Health Investors

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.