ProShare Advisors LLC Grows Stake in National Health Investors, Inc. (NYSE:NHI)

ProShare Advisors LLC lifted its holdings in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 49.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,787 shares of the real estate investment trust's stock after purchasing an additional 3,877 shares during the quarter. ProShare Advisors LLC's holdings in National Health Investors were worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of National Health Investors by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust's stock worth $445,128,000 after purchasing an additional 102,012 shares during the period. Principal Financial Group Inc. grew its holdings in shares of National Health Investors by 5.3% during the 4th 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 period. Geode Capital Management LLC grew its holdings 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 period. Charles Schwab Investment Management Inc. grew its holdings in shares of National Health Investors by 2.9% during the 4th 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 grew its holdings in shares of 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 worth $43,966,000 after purchasing an additional 20,631 shares during the period. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on NHI shares. Wedbush restated an "outperform" rating and set a $88.00 target price 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 report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $85.50.

National Health Investors Trading Up 1.4%

National Health Investors stock traded up $1.02 during midday trading on Tuesday, reaching $73.49. 267,132 shares of the stock traded hands, compared to its average volume of 228,504. The company has a 50-day simple moving average of $74.08 and a two-hundred day simple moving average of $72.48. National Health Investors, Inc. has a 12-month low of $63.91 and a 12-month high of $86.13. The firm has a market cap of $3.43 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92.

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 (EPS) 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 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 for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. 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 disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.90%. National Health Investors's payout ratio is currently 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.