Northern Trust Corp Grows Holdings in National Health Investors, Inc. (NYSE:NHI)

Northern Trust Corp lifted its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 613,791 shares of the real estate investment trust's stock after purchasing an additional 101,808 shares during the quarter. Northern Trust Corp owned about 1.35% of National Health Investors worth $42,536,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 102,012 shares during the last quarter. Principal Financial Group Inc. raised its holdings in National Health Investors by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust's stock valued at $114,242,000 after acquiring an additional 82,825 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of National Health Investors by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,113,771 shares of the real estate investment trust's stock worth $77,201,000 after purchasing an additional 19,201 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of National Health Investors by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust's stock valued at $60,765,000 after acquiring an additional 24,462 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in 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 worth $43,966,000 after purchasing an additional 20,631 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NHI shares. Wedbush reissued an "outperform" rating and issued a $88.00 target price on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial raised their price objective on shares of 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $85.50.

National Health Investors Price Performance

Shares of NYSE:NHI traded up $0.91 during midday trading on Friday, hitting $76.78. 169,275 shares of the stock were exchanged, compared to its average volume of 225,410. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.59 billion, a P/E ratio of 26.38, a PEG ratio of 4.42 and a beta of 0.78. The company has a 50 day moving average price of $74.11 and a 200-day moving average price of $72.74. National Health Investors, Inc. has a twelve month low of $63.91 and a twelve month high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last announced its earnings results 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 net margin of 38.53% and a return on equity of 10.11%. The firm had revenue of $68.87 million during the quarter, compared to the consensus estimate of $85.13 million. During the same quarter in the previous year, the company posted $1.10 EPS. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts forecast that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.69%. National Health Investors's payout ratio is 114.29%.

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.