Principal Financial Group Inc. Increases Position in National Health Investors, Inc. (NYSE:NHI)

Principal Financial Group Inc. boosted its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,870,632 shares of the real estate investment trust's stock after purchasing an additional 146,735 shares during the period. Principal Financial Group Inc. owned about 4.31% of National Health Investors worth $104,475,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in National Health Investors by 5.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,944 shares of the real estate investment trust's stock worth $1,127,000 after acquiring an additional 1,190 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in National Health Investors during the third quarter worth approximately $249,000. Teacher Retirement System of Texas lifted its position in National Health Investors by 4.7% during the third quarter. Teacher Retirement System of Texas now owns 35,964 shares of the real estate investment trust's stock worth $1,847,000 after acquiring an additional 1,628 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in National Health Investors by 3.6% during the third quarter. Daiwa Securities Group Inc. now owns 13,808 shares of the real estate investment trust's stock worth $709,000 after acquiring an additional 483 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in National Health Investors by 14.4% during the third quarter. Nisa Investment Advisors LLC now owns 18,658 shares of the real estate investment trust's stock worth $958,000 after acquiring an additional 2,344 shares during the last quarter. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NHI has been the subject of several research reports. Truist Financial raised 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 report on Thursday, April 4th. Wells Fargo & Company raised shares of National Health Investors from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $55.00 to $63.00 in a report on Monday, February 26th. BMO Capital Markets raised shares of National Health Investors from a "market perform" rating to an "outperform" rating and set a $67.00 target price on the stock in a report on Tuesday, March 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Health Investors in a report on Tuesday, January 30th. They set a "buy" rating and a $69.00 target price on the stock. Finally, StockNews.com cut shares of National Health Investors from a "buy" rating to a "hold" rating in a report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $60.50.

Insider Activity

In other news, Director Charlotte A. Swafford acquired 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $58.69 per share, with a total value of $586,900.00. Following the completion of the purchase, the director now directly owns 110,185 shares of the company's stock, valued at approximately $6,466,757.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.26% of the company's stock.

National Health Investors Price Performance

Shares of NYSE NHI traded up $0.89 during midday trading on Tuesday, reaching $66.75. 130,088 shares of the company were exchanged, compared to its average volume of 168,407. The company has a quick ratio of 13.24, a current ratio of 13.24 and a debt-to-equity ratio of 0.91. National Health Investors, Inc. has a one year low of $48.51 and a one year high of $66.87. The stock has a market cap of $2.90 billion, a P/E ratio of 21.76 and a beta of 0.95. The stock's 50-day moving average price is $61.41 and its 200-day moving average price is $56.92.

National Health Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 28th will be given a $0.90 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.60 annualized dividend and a yield of 5.39%. National Health Investors's dividend payout ratio is presently 118.03%.

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.