Principal Financial Group Inc. Has $120.28 Million Holdings in National Health Investors, Inc. (NYSE:NHI)

Principal Financial Group Inc. trimmed its holdings in National Health Investors, Inc. (NYSE:NHI - Free Report) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 hedge funds and other institutional investors also recently made changes to their positions in the company. Loomis Sayles & Co. L P increased its stake 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 acquiring an additional 189 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of National Health Investors during the 4th quarter worth $58,000. Jones Financial Companies Lllp increased its position in shares of National Health Investors by 781.2% in the fourth 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. Farther Finance Advisors LLC raised its stake in National Health Investors by 5,000.0% in the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 900 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in National Health Investors during the fourth quarter worth about $83,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Stock Performance

NYSE:NHI opened at $70.80 on Friday. National Health Investors, Inc. has a twelve month low of $65.13 and a twelve month high of $86.13. The company has a quick ratio of 16.55, a current ratio of 16.55 and a debt-to-equity ratio of 0.88. The stock's 50-day simple moving average is $72.84 and its 200 day simple moving average is $71.58. The firm has a market capitalization of $3.31 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 4.27 and a beta of 0.73.

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, beating analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $68.87 million for the quarter, compared to the consensus estimate of $85.13 million. National Health Investors had a net margin of 41.15% and a return on equity of 10.64%. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. On average, analysts anticipate 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 issued a dividend of $0.90 per share. The ex-dividend date is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.08%. National Health Investors's dividend payout ratio (DPR) is presently 114.29%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wedbush raised shares of National Health Investors to a "strong-buy" rating in a report on Wednesday. Truist Financial upgraded shares of National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price target on the stock in a research report on Wednesday. Two 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 company's stock. According to MarketBeat, National Health Investors has a consensus rating of "Moderate Buy" and a consensus target price of $85.75.

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.

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