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

Woodmont Investment Counsel LLC bought a new position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,261 shares of the real estate investment trust's stock, valued at approximately $4,303,000. Woodmont Investment Counsel LLC owned approximately 0.12% of National Health Investors as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in shares of National Health Investors by 5.9% during the 1st quarter. State of Alaska Department of Revenue now owns 21,230 shares of the real estate investment trust's stock worth $1,567,000 after purchasing an additional 1,190 shares in the last quarter. Sound Income Strategies LLC raised its stake in National Health Investors by 12.7% during the 1st quarter. Sound Income Strategies LLC now owns 213,082 shares of the real estate investment trust's stock worth $15,738,000 after buying an additional 23,951 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in National Health Investors by 11.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,611 shares of the real estate investment trust's stock worth $267,000 after acquiring an additional 357 shares in the last quarter. Albert D Mason Inc. grew its stake in National Health Investors by 25.3% in the first quarter. Albert D Mason Inc. now owns 4,459 shares of the real estate investment trust's stock valued at $329,000 after acquiring an additional 901 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of National Health Investors during the first quarter valued at approximately $808,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Stock Down 0.4%

Shares of NHI stock traded down $0.29 during trading hours on Tuesday, reaching $72.05. The company had a trading volume of 241,359 shares, compared to its average volume of 243,846. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 4.26 and a beta of 0.75. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55. National Health Investors, Inc. has a 12 month low of $65.13 and a 12 month high of $86.13. The business has a fifty day simple moving average of $73.65 and a 200-day simple moving average of $71.69.

National Health Investors (NYSE:NHI - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $68.87 million for the quarter, compared to analysts' expectations of $85.13 million. During the same period last year, the business earned $1.10 EPS. The business's revenue was up 9.6% on a year-over-year basis. On average, 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 announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be paid a $0.90 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.00%. National Health Investors's payout ratio is presently 114.29%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Truist Financial increased their target price on National Health Investors from $76.00 to $77.00 and gave the stock a "hold" rating in a report on Monday, June 9th. Wedbush reaffirmed an "outperform" rating and issued a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $85.75.

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.