Woodmont Investment Counsel LLC Buys New Position in National Health Investors, Inc. (NYSE:NHI)

Woodmont Investment Counsel LLC purchased a new stake in National Health Investors, Inc. (NYSE:NHI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 58,261 shares of the real estate investment trust's stock, valued at approximately $4,303,000. Woodmont Investment Counsel LLC owned about 0.12% of National Health Investors at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NHI. Vanguard Group Inc. increased its holdings in shares of National Health Investors by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust's stock valued at $445,128,000 after buying an additional 102,012 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of National Health Investors by 1.8% in 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 acquiring an additional 19,201 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $60,765,000 after purchasing an additional 24,462 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of National Health Investors by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 634,430 shares of the real estate investment trust's stock valued at $43,966,000 after purchasing an additional 20,631 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of National Health Investors by 19.9% during the fourth quarter. Northern Trust Corp now owns 613,791 shares of the real estate investment trust's stock valued at $42,536,000 after purchasing an additional 101,808 shares during the last quarter. 62.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NHI has been the topic of a number of analyst reports. Truist Financial lifted their price target on National Health Investors from $76.00 to $77.00 and gave the stock a "hold" rating in a research note on Monday, June 9th. Wedbush restated an "outperform" rating and issued a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $85.75.

National Health Investors Trading Down 0.0%

NYSE:NHI opened at $70.83 on Friday. The stock's 50-day moving average is $73.68 and its two-hundred day moving average is $71.76. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55. The stock has a market cap of $3.31 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 4.26 and a beta of 0.75. National Health Investors, Inc. has a fifty-two week low of $65.13 and a fifty-two week high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last issued its earnings results 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. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The firm had revenue of $68.87 million for the quarter, compared to the consensus estimate of $85.13 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business's quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.08%. The ex-dividend date is Monday, June 30th. National Health Investors's dividend payout ratio is 114.29%.

National Health Investors Company 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.

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