Northern Trust Corp boosted its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 19.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 613,791 shares of the real estate investment trust's stock after buying an additional 101,808 shares during the period. Northern Trust Corp owned approximately 1.35% of National Health Investors worth $42,536,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of NHI. Barclays PLC raised its holdings in National Health Investors by 323.8% in the 3rd quarter. Barclays PLC now owns 71,703 shares of the real estate investment trust's stock valued at $6,027,000 after buying an additional 54,782 shares during the period. Tidal Investments LLC increased its holdings in shares of National Health Investors by 3.9% in 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 last quarter. Inspire Investing LLC boosted its stake in National Health Investors by 17.2% in the fourth quarter. Inspire Investing LLC now owns 5,775 shares of the real estate investment trust's stock valued at $400,000 after acquiring an additional 847 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of National Health Investors by 11.5% during the fourth quarter. Sound Income Strategies LLC now owns 189,131 shares of the real estate investment trust's stock worth $13,107,000 after purchasing an additional 19,549 shares in the last quarter. Finally, Nepsis Inc. lifted its holdings in shares of National Health Investors by 58.9% in the 4th quarter. Nepsis Inc. now owns 107,721 shares of the real estate investment trust's stock valued at $7,465,000 after purchasing an additional 39,913 shares during the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
NHI has been the topic of a number of recent research reports. Wedbush reaffirmed an "outperform" rating and issued a $88.00 target price on shares of National Health Investors in a report on Monday, March 17th. Truist Financial raised their price target on National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, National Health Investors has an average rating of "Hold" and a consensus price target of $85.50.
Check Out Our Latest Analysis on National Health Investors
National Health Investors Stock Performance
National Health Investors stock traded down $1.11 during trading hours on Wednesday, reaching $73.52. 34,020 shares of the stock were exchanged, compared to its average volume of 224,948. The stock has a market cap of $3.43 billion, a P/E ratio of 25.26, a P/E/G ratio of 4.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors, Inc. has a 52-week low of $63.91 and a 52-week high of $86.13. The firm's 50 day moving average is $74.20 and its 200 day moving average is $72.75.
National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The business had revenue of $68.87 million for the quarter, compared to analysts' expectations of $85.13 million. During the same period in the prior year, the company posted $1.10 EPS. The business's revenue for the quarter was up 9.6% on a year-over-year basis. Analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.
National Health Investors Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.90%. The ex-dividend date is Monday, June 30th. National Health Investors's payout ratio is currently 114.29%.
About National Health Investors
(
Free Report)
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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