Geode Capital Management LLC Buys 19,201 Shares of National Health Investors, Inc. (NYSE:NHI)

Geode Capital Management LLC boosted its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,113,771 shares of the real estate investment trust's stock after buying an additional 19,201 shares during the quarter. Geode Capital Management LLC owned approximately 2.45% of National Health Investors worth $77,201,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P lifted its holdings 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 purchasing an additional 189 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in National Health Investors by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust's stock worth $1,388,000 after buying an additional 196 shares during the period. Pictet Asset Management Holding SA grew its stake in National Health Investors by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,197 shares of the real estate investment trust's stock valued at $915,000 after buying an additional 238 shares in the last quarter. Tidal Investments LLC raised its holdings in National Health Investors by 3.9% during the 3rd quarter. Tidal Investments LLC now owns 6,762 shares of the real estate investment trust's stock valued at $568,000 after acquiring an additional 254 shares during the period. Finally, Xponance Inc. lifted its position in shares of National Health Investors by 9.5% during the fourth quarter. Xponance Inc. now owns 2,997 shares of the real estate investment trust's stock worth $208,000 after acquiring an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wedbush reiterated an "outperform" rating and issued a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial upped their price target on National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $85.50.

National Health Investors Trading Up 0.4 %

NHI stock traded up $0.31 during trading on Thursday, hitting $75.62. 45,082 shares of the company traded hands, compared to its average volume of 219,111. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The company has a 50-day moving average of $72.01 and a 200-day moving average of $73.21. The firm has a market capitalization of $3.53 billion, a PE ratio of 25.96, a P/E/G ratio of 4.42 and a beta of 0.79. National Health Investors, Inc. has a 1 year low of $58.71 and a 1 year high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $85.75 million for the quarter, compared to the consensus estimate of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. Analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be given a $0.90 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.60 annualized dividend and a dividend yield of 4.76%. National Health Investors's dividend payout ratio is 115.38%.

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.