K2 Principal Fund L.P. Makes New Investment in National Health Investors, Inc. $NHI

Key Points

• K2 Principal Fund L.P. has acquired a new position in National Health Investors, Inc. ($NHI), purchasing 8,000 shares valued at approximately $591,000.
• National Health Investors declared a quarterly dividend of $0.92 per share, an increase from the previous $0.90, with a yield of 4.8%.
• Analyst ratings have improved for NHI, with Wedbush giving it a "strong-buy" and a consensus price target set at $84.20.

K2 Principal Fund L.P. bought a new position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,000 shares of the real estate investment trust's stock, valued at approximately $591,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in National Health Investors by 49.8% in the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 147 shares during the period. M&T Bank Corp boosted its stake in shares of National Health Investors by 4.4% in the first quarter. M&T Bank Corp now owns 3,969 shares of the real estate investment trust's stock worth $293,000 after acquiring an additional 168 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of National Health Investors by 4.0% in the fourth quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust's stock worth $337,000 after acquiring an additional 188 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of National Health Investors by 1.6% in the first quarter. Vident Advisory LLC now owns 12,691 shares of the real estate investment trust's stock worth $938,000 after acquiring an additional 201 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in shares of National Health Investors by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 6,479 shares of the real estate investment trust's stock worth $446,000 after acquiring an additional 248 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Trading Down 0.1%

Shares of National Health Investors stock traded down $0.04 during trading hours on Tuesday, hitting $78.47. The company's stock had a trading volume of 184,160 shares, compared to its average volume of 243,745. National Health Investors, Inc. has a twelve month low of $65.13 and a twelve month high of $86.13. The firm has a fifty day moving average of $73.51 and a 200-day moving average of $73.32. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 3.37 and a beta of 0.76. The company has a debt-to-equity ratio of 0.75, a quick ratio of 10.91 and a current ratio of 10.91.

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

National Health Investors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 4.7%. This is a boost from National Health Investors's previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, September 30th. National Health Investors's payout ratio is currently 115.02%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NHI shares. Truist Financial lifted their price target on National Health Investors from $77.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Wedbush raised National Health Investors to a "strong-buy" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company lifted their price target on National Health Investors from $76.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. Finally, KeyCorp raised National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price target on the stock in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $84.20.

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.