National Health Investors, Inc. (NYSE:NHI - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.06 and last traded at $62.85, with a volume of 15811 shares traded. The stock had previously closed at $62.32.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Wells Fargo & Company raised shares of National Health Investors from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $55.00 to $63.00 in a report on Monday, February 26th. Truist Financial increased their price objective on shares of National Health Investors from $55.00 to $58.00 and gave the stock a "hold" rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft assumed coverage on National Health Investors in a research note on Tuesday, January 30th. They issued a "buy" rating and a $69.00 target price for the company. BMO Capital Markets raised National Health Investors from a "market perform" rating to an "outperform" rating and set a $67.00 price target on the stock in a report on Tuesday, March 12th. Finally, StockNews.com downgraded National Health Investors from a "buy" rating to a "hold" rating in a research note on Thursday, April 18th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.50.
Read Our Latest Analysis on National Health Investors
National Health Investors Trading Up 0.6 %
The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average of $59.18 and a 200 day moving average of $55.51. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 20.04 and a beta of 0.95.
National Health Investors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 28th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Wednesday, March 27th. National Health Investors's payout ratio is currently 115.02%.
Insider Activity at National Health Investors
In other news, Director Charlotte A. Swafford bought 10,000 shares of the business's stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of $58.69 per share, for a total transaction of $586,900.00. Following the completion of the transaction, the director now directly owns 110,185 shares of the company's stock, valued at approximately $6,466,757.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.21% of the stock is currently owned by insiders.
Hedge Funds Weigh In On National Health Investors
Several large investors have recently made changes to their positions in NHI. Janney Montgomery Scott LLC boosted its stake in shares of National Health Investors by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,707 shares of the real estate investment trust's stock worth $1,324,000 after acquiring an additional 200 shares in the last quarter. Van ECK Associates Corp increased its stake in National Health Investors by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 4,889 shares of the real estate investment trust's stock worth $251,000 after purchasing an additional 202 shares in the last quarter. Sound Income Strategies LLC raised its holdings in National Health Investors by 33.5% during the 4th quarter. Sound Income Strategies LLC now owns 916 shares of the real estate investment trust's stock worth $51,000 after buying an additional 230 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of National Health Investors by 6.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust's stock worth $222,000 after buying an additional 238 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of National Health Investors by 3.4% in the third quarter. Atria Wealth Solutions Inc. now owns 7,841 shares of the real estate investment trust's stock worth $403,000 after buying an additional 261 shares during the period. Institutional investors own 62.51% of the company's stock.
About National Health Investors
(
Get 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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