Principal Financial Group Inc. trimmed its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,628,491 shares of the real estate investment trust's stock after selling 20,008 shares during the period. Principal Financial Group Inc. owned 3.49% of National Health Investors worth $120,280,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P increased its holdings in National Health Investors by 42.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock worth $44,000 after buying an additional 189 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in National Health Investors during the fourth quarter worth $58,000. Jones Financial Companies Lllp increased its holdings in National Health Investors by 781.2% during the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock worth $62,000 after buying an additional 789 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in National Health Investors by 5,000.0% during the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock worth $68,000 after buying an additional 900 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in National Health Investors during the fourth quarter worth $83,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.
National Health Investors Stock Performance
Shares of NHI stock traded down $0.25 on Tuesday, hitting $70.23. The company's stock had a trading volume of 245,083 shares, compared to its average volume of 248,829. The company has a debt-to-equity ratio of 0.88, a quick ratio of 16.55 and a current ratio of 16.55. The stock's 50 day moving average is $72.66 and its 200-day moving average is $71.61. National Health Investors, Inc. has a fifty-two week low of $65.13 and a fifty-two week high of $86.13. The company has a market capitalization of $3.28 billion, a PE ratio of 22.30, a PEG ratio of 4.25 and a beta of 0.73.
National Health Investors (NYSE:NHI - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. National Health Investors had a net margin of 41.15% and a return on equity of 10.64%. The business had revenue of $68.87 million for the quarter, compared to the consensus estimate of $85.13 million. During the same period in the prior year, the company posted $1.10 earnings per share. National Health Investors's revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.
National Health Investors Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.13%. National Health Investors's dividend payout ratio (DPR) is presently 114.29%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on NHI shares. Truist Financial upgraded shares of National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price objective on the stock in a report on Wednesday, July 2nd. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.75.
Check Out Our Latest Report on NHI
National Health Investors Profile
(
Free Report)
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.
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