Price T Rowe Associates Inc. MD Purchases 3,520 Shares of National Health Investors, Inc. (NYSE:NHI)

Price T Rowe Associates Inc. MD increased its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,039 shares of the real estate investment trust's stock after purchasing an additional 3,520 shares during the period. Price T Rowe Associates Inc. MD owned about 0.07% of National Health Investors worth $2,221,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NHI. Loomis Sayles & Co. L P grew its stake in shares of National Health Investors by 42.0% in the 4th 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 period. Jones Financial Companies Lllp grew its position in National Health Investors by 781.2% in the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 789 shares during the period. Venturi Wealth Management LLC acquired a new position in National Health Investors during the fourth quarter worth $63,000. NewEdge Advisors LLC bought a new position in shares of National Health Investors during the fourth quarter valued at $83,000. Finally, KBC Group NV boosted its stake in shares of National Health Investors by 61.4% in the 4th quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust's stock valued at $140,000 after purchasing an additional 768 shares in the last quarter. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wedbush reiterated an "outperform" rating and set 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 stock a "hold" rating in a 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $85.50.

National Health Investors Stock Up 0.2 %

Shares of NHI opened at $76.50 on Thursday. The business's fifty day moving average price is $73.98 and its two-hundred day moving average price is $72.77. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 4.42 and a beta of 0.78. National Health Investors, Inc. has a 52 week low of $63.91 and a 52 week high of $86.13. 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 (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 (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $68.87 million for the quarter, compared to analysts' expectations of $85.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. During the same quarter last year, the business earned $1.10 earnings per share. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be issued a $0.90 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.60 annualized dividend and a yield of 4.71%. National Health Investors's dividend payout ratio is currently 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.

Want to see what other hedge funds are holding NHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Health Investors, Inc. (NYSE:NHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.