National Health Investors, Inc. (NYSE:NHI) Holdings Boosted by Millennium Management LLC

Millennium Management LLC increased its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 1,967.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 488,353 shares of the real estate investment trust's stock after purchasing an additional 464,727 shares during the period. Millennium Management LLC owned 1.08% of National Health Investors worth $33,843,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P increased its position in National Health Investors by 42.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 189 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of National Health Investors by 781.2% during the 4th quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 789 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of National Health Investors during the 4th quarter worth $63,000. NewEdge Advisors LLC purchased a new position in shares of National Health Investors during the 4th quarter worth $83,000. Finally, KBC Group NV increased its holdings in shares of National Health Investors by 61.4% during the 4th quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust's stock worth $140,000 after buying an additional 768 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company's stock.

National Health Investors Stock Up 0.5%

Shares of NHI stock traded up $0.37 during trading hours on Friday, hitting $72.51. 252,171 shares of the company were exchanged, compared to its average volume of 228,349. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors, Inc. has a one year low of $63.91 and a one year high of $86.13. The business's 50-day simple moving average is $74.14 and its two-hundred day simple moving average is $72.59. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 24.92, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The business had revenue of $68.87 million for the quarter, compared to analysts' expectations of $85.13 million. During the same quarter last year, the company posted $1.10 earnings per share. The company's quarterly revenue was up 9.6% compared to the same quarter last year. Sell-side analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 4.97%. National Health Investors's payout ratio is 114.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NHI shares. Wedbush restated an "outperform" rating and set a $88.00 price objective on shares of National Health Investors in a report on Monday, March 17th. Truist Financial raised their target price on National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $85.50.

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.