NBC Securities Inc. Invests $1.19 Million in National Health Investors, Inc. (NYSE:NHI)

NBC Securities Inc. bought a new position in National Health Investors, Inc. (NYSE:NHI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,058 shares of the real estate investment trust's stock, valued at approximately $1,186,000.

A number of other large investors also recently modified their holdings of NHI. Norges Bank acquired a new position in shares of National Health Investors during the fourth quarter worth approximately $42,322,000. Millennium Management LLC lifted its position in shares of National Health Investors by 1,967.0% during the fourth quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust's stock worth $33,843,000 after purchasing an additional 464,727 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of National Health Investors during the fourth quarter worth approximately $23,917,000. Marshall Wace LLP lifted its position in shares of National Health Investors by 161.6% during the fourth quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust's stock worth $38,225,000 after purchasing an additional 340,712 shares in the last quarter. Finally, Land & Buildings Investment Management LLC lifted its position in shares of National Health Investors by 109.4% during the fourth quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust's stock worth $32,367,000 after purchasing an additional 243,999 shares in the last quarter. 62.51% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Trading Up 0.5%

Shares of NHI traded up $0.37 on Thursday, reaching $71.40. 354,987 shares of the company's stock were exchanged, compared to its average volume of 236,380. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $3.33 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78. The business has a 50 day moving average price of $73.82 and a two-hundred day moving average price of $72.25. National Health Investors, Inc. has a 12 month low of $64.00 and a 12 month high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly 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 the consensus estimate of $85.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. National Health Investors's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. Research analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The company 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 is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.04%. National Health Investors's dividend payout ratio is 114.29%.

Wall Street Analysts Forecast Growth

NHI has been the topic of a number of research reports. Wedbush reiterated an "outperform" rating and set a $88.00 target price on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial boosted their price target on shares of 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.