Millennium Management LLC Grows Stake in National Health Investors, Inc. (NYSE:NHI)

Millennium Management LLC increased its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 1,967.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 488,353 shares of the real estate investment trust's stock after acquiring an additional 464,727 shares during the quarter. Millennium Management LLC owned about 1.08% of National Health Investors worth $33,843,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NHI. Vanguard Group Inc. increased its stake in National Health Investors by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust's stock valued at $445,128,000 after purchasing an additional 102,012 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in National Health Investors by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust's stock worth $114,242,000 after purchasing an additional 82,825 shares during the last quarter. Geode Capital Management LLC increased its position in shares of National Health Investors by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,113,771 shares of the real estate investment trust's stock worth $77,201,000 after purchasing an additional 19,201 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in National Health Investors by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust's stock worth $60,765,000 after purchasing an additional 24,462 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in National Health Investors by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 634,430 shares of the real estate investment trust's stock valued at $43,966,000 after purchasing an additional 20,631 shares during the last quarter. Institutional investors own 62.51% of the company's stock.

Analyst Upgrades and Downgrades

NHI has been the subject of a number of recent research reports. Wedbush reissued an "outperform" rating and issued a $88.00 price objective on shares of National Health Investors in a report on Monday, March 17th. Truist Financial lifted their price objective on National Health Investors from $70.00 to $76.00 and gave the stock 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $85.50.

National Health Investors Stock Down 2.4%

Shares of National Health Investors stock traded down $1.77 during trading on Wednesday, hitting $72.96. The company's stock had a trading volume of 191,726 shares, compared to its average volume of 227,200. National Health Investors, Inc. has a 52 week low of $63.91 and a 52 week high of $86.13. The company has a market capitalization of $3.41 billion, a PE ratio of 25.07, a P/E/G ratio of 4.42 and a beta of 0.78. The company has a fifty day simple moving average of $74.27 and a two-hundred day simple moving average of $72.67. 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 (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 for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $68.87 million during the quarter, compared to analyst estimates of $85.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. National Health Investors's revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. Equities research analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be paid a dividend of $0.90 per share. The ex-dividend date is Monday, June 30th. This represents a $3.60 annualized dividend and a yield of 4.93%. National Health Investors's payout ratio is 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.