8,000 Shares in National Health Investors, Inc. $NHI Purchased by K2 Principal Fund L.P.

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. purchased a new position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,000 shares of the real estate investment trust's stock, valued at approximately $591,000.

A number of other large investors have also modified their holdings of NHI. Smartleaf Asset Management LLC raised its stake in shares of National Health Investors by 49.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust's stock worth $33,000 after buying an additional 147 shares during the period. M&T Bank Corp grew its holdings in National Health Investors by 4.4% in the 1st quarter. M&T Bank Corp now owns 3,969 shares of the real estate investment trust's stock valued at $293,000 after buying an additional 168 shares in the last quarter. Focus Partners Wealth grew its holdings in National Health Investors by 4.0% in the 4th quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust's stock valued at $337,000 after buying an additional 188 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of National Health Investors by 1.6% during the 1st quarter. Vident Advisory LLC now owns 12,691 shares of the real estate investment trust's stock worth $938,000 after purchasing an additional 201 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of National Health Investors by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 6,479 shares of the real estate investment trust's stock worth $446,000 after purchasing an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 62.51% of the company's stock.

National Health Investors Stock Performance

NYSE NHI traded down $0.32 on Wednesday, reaching $78.16. The stock had a trading volume of 31,866 shares, compared to its average volume of 242,496. 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, Inc. has a 12-month low of $65.13 and a 12-month high of $86.13. The business's 50-day moving average price is $73.69 and its 200 day moving average price is $73.36. The stock has a market cap of $3.71 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 3.37 and a beta of 0.76.

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 for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $86.46 million. During the same quarter in the previous year, the business earned $1.18 earnings per share. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 4.7%. This is a positive change from National Health Investors's previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, September 30th. National Health Investors's dividend payout ratio is currently 117.57%.

Wall Street Analysts Forecast Growth

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

National Health Investors 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.