SG Americas Securities LLC Takes Position in National Health Investors, Inc. (NYSE:NHI)

SG Americas Securities LLC purchased a new stake in National Health Investors, Inc. (NYSE:NHI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,935 shares of the real estate investment trust's stock, valued at approximately $808,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in National Health Investors by 21.8% in the 4th quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust's stock valued at $2,060,000 after buying an additional 5,318 shares during the last quarter. Millennium Management LLC boosted its holdings in 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 valued at $33,843,000 after acquiring an additional 464,727 shares during the period. Charles Schwab Investment Management Inc. boosted 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 valued at $60,765,000 after acquiring an additional 24,462 shares during the period. Sterling Capital Management LLC grew its position in shares of National Health Investors by 61.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,099 shares of the real estate investment trust's stock valued at $215,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of National Health Investors by 9.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 60,130 shares of the real estate investment trust's stock valued at $4,167,000 after purchasing an additional 5,290 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial upped their target price on shares of National Health Investors from $76.00 to $77.00 and gave the company a "hold" rating in a research note on Monday, June 9th. Wedbush restated an "outperform" rating and set a $88.00 price objective on shares of National Health Investors in a report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $85.75.

National Health Investors Stock Performance

Shares of NHI stock opened at $70.88 on Friday. National Health Investors, Inc. has a 12 month low of $65.13 and a 12 month high of $86.13. The company's fifty day simple moving average is $73.73 and its 200-day simple moving average is $71.80. The firm has a market cap of $3.31 billion, a PE ratio of 22.50, a P/E/G ratio of 4.26 and a beta of 0.75. The company has a quick ratio of 16.55, a current ratio of 16.55 and a debt-to-equity ratio of 0.88.

National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The company 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 41.15% and a return on equity of 10.64%. The company's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. Equities research analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a yield of 5.08%. National Health Investors's dividend payout ratio (DPR) 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.

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