National Health Investors, Inc. (NYSE:NHI) Stake Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 478,900 shares of the real estate investment trust's stock after acquiring an additional 15,497 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 1.03% of National Health Investors worth $35,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Focus Partners Wealth boosted its stake in National Health Investors by 4.0% during the 4th quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust's stock valued at $337,000 after purchasing an additional 188 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake 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 valued at $44,000 after buying an additional 189 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in National Health Investors by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,197 shares of the real estate investment trust's stock worth $915,000 after acquiring an additional 238 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in National Health Investors by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 6,479 shares of the real estate investment trust's stock valued at $446,000 after acquiring an additional 248 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in National Health Investors by 9.5% in the 4th quarter. Xponance Inc. now owns 2,997 shares of the real estate investment trust's stock valued at $208,000 after acquiring an additional 259 shares during the last quarter. Institutional investors own 62.51% of the company's stock.

Wall Street Analysts Forecast Growth

NHI has been the subject of a number of research reports. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a report on Wednesday. Truist Financial upgraded National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price objective for the company in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, National Health Investors presently has a consensus rating of "Moderate Buy" and an average price target of $85.75.

National Health Investors Trading Up 0.4%

NHI stock traded up $0.28 during mid-day trading on Friday, reaching $70.80. 123,629 shares of the stock traded hands, compared to its average volume of 248,475. National Health Investors, Inc. has a 52-week low of $65.13 and a 52-week high of $86.13. The stock's fifty day moving average is $72.84 and its 200-day moving average is $71.60. The company has a market cap of $3.31 billion, a P/E ratio of 22.48, a P/E/G ratio of 4.27 and a beta of 0.73. The company has a current ratio of 16.55, a quick ratio of 16.55 and a debt-to-equity ratio of 0.88.

National Health Investors (NYSE:NHI - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $85.13 million. During the same quarter in the prior year, the firm earned $1.10 EPS. The firm's quarterly revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

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 given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Monday, June 30th. National Health Investors's payout ratio is 114.29%.

National Health Investors Profile

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.