National Health Investors, Inc. (NYSE:NHI) Shares Purchased by Centersquare Investment Management LLC

Key Points

• Centersquare Investment Management LLC increased its stake in National Health Investors, Inc. by 25.7%, owning about 1.06% of the company, valued at approximately $36.6 million.
• National Health Investors reported a net margin of 41.15% and earnings per share of $1.15 for the last quarter, surpassing analysts' expectations.
• Analysts have a Moderate Buy consensus rating for National Health Investors, with an average price target of $84.60.

Centersquare Investment Management LLC increased its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 25.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 495,971 shares of the real estate investment trust's stock after purchasing an additional 101,538 shares during the quarter. Centersquare Investment Management LLC owned 1.06% of National Health Investors worth $36,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of National Health Investors by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,113,771 shares of the real estate investment trust's stock valued at $77,201,000 after buying an additional 19,201 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in National Health Investors by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 634,430 shares of the real estate investment trust's stock worth $43,966,000 after buying an additional 20,631 shares during the last quarter. Northern Trust Corp boosted its stake in National Health Investors by 19.9% during the fourth quarter. Northern Trust Corp now owns 613,791 shares of the real estate investment trust's stock worth $42,536,000 after buying an additional 101,808 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its stake in National Health Investors by 1.0% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 611,275 shares of the real estate investment trust's stock worth $42,361,000 after buying an additional 6,230 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of National Health Investors by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 588,871 shares of the real estate investment trust's stock valued at $43,494,000 after purchasing an additional 31,451 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company's stock.

National Health Investors Stock Performance

Shares of NHI stock traded up $0.38 during midday trading on Friday, hitting $74.92. The company had a trading volume of 327,761 shares, compared to its average volume of 243,195. The company's 50 day simple moving average is $71.24 and its 200 day simple moving average is $72.04. 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 $3.56 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 3.76 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 10.91 and a quick ratio of 16.55.

National Health Investors (NYSE:NHI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%. The company had revenue of $70.27 million for the quarter, compared to the consensus estimate of $86.46 million. During the same period last year, the business posted $1.18 EPS. The company's revenue was up 6.7% on a year-over-year basis. Research analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $3.68 annualized dividend and a dividend yield of 4.9%. This is an increase from National Health Investors's previous quarterly dividend of $0.90. National Health Investors's payout ratio is 114.29%.

Wall Street Analysts Forecast Growth

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

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.