Raymond James Financial Inc. Invests $2.22 Million in National Health Investors, Inc. (NYSE:NHI)

Raymond James Financial Inc. acquired a new stake in National Health Investors, Inc. (NYSE:NHI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,027 shares of the real estate investment trust's stock, valued at approximately $2,219,000. Raymond James Financial Inc. owned about 0.07% of National Health Investors as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of National Health Investors by 21.8% in the 4th quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust's stock valued at $2,060,000 after purchasing an additional 5,318 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in National Health Investors by 2.9% in the fourth 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 buying an additional 24,462 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in National Health Investors by 9.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 60,130 shares of the real estate investment trust's stock worth $4,167,000 after buying an additional 5,290 shares during the period. Centersquare Investment Management LLC boosted its stake in National Health Investors by 35.9% during the fourth quarter. Centersquare Investment Management LLC now owns 394,433 shares of the real estate investment trust's stock worth $27,334,000 after buying an additional 104,186 shares during the period. Finally, AlphaQuest LLC increased its position in shares of National Health Investors by 252.2% during the fourth quarter. AlphaQuest LLC now owns 9,640 shares of the real estate investment trust's stock valued at $668,000 after acquiring an additional 6,903 shares during the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, March 19th. Wedbush reaffirmed an "outperform" rating and issued a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $85.50.

National Health Investors Stock Up 0.6 %

NHI traded up $0.48 during trading hours on Tuesday, hitting $76.52. 618,568 shares of the company's stock were exchanged, compared to its average volume of 224,789. The firm has a market cap of $3.57 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78. National Health Investors, Inc. has a 12-month low of $63.91 and a 12-month high of $86.13. 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 firm has a 50 day moving average of $73.88 and a 200 day moving average of $72.74.

National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $68.87 million for the quarter, compared to analyst estimates of $85.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The company's revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 earnings per share. Analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Monday, June 30th. National Health Investors's payout ratio is presently 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.