Raymond James Financial Inc. Makes New Investment in National Health Investors, Inc. (NYSE:NHI)

Raymond James Financial Inc. bought a new position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 32,027 shares of the real estate investment trust's stock, valued at approximately $2,219,000. Raymond James Financial Inc. owned approximately 0.07% of National Health Investors as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NHI. Victory Capital Management Inc. increased its stake in National Health Investors by 21.8% in the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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. grew its stake in National Health Investors by 9.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 60,130 shares of the real estate investment trust's stock valued at $4,167,000 after buying an additional 5,290 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of 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 in the last quarter. Finally, AlphaQuest LLC grew its position in 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 worth $668,000 after buying an additional 6,903 shares in the last quarter. Institutional investors own 62.51% of the company's stock.

National Health Investors Trading Up 0.5 %

Shares of NYSE NHI traded up $0.38 during mid-day trading on Friday, hitting $75.75. The stock had a trading volume of 221,107 shares, compared to its average volume of 222,505. The firm has a market cap of $3.54 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The business has a 50 day moving average price of $73.68 and a two-hundred day moving average price of $72.78. National Health Investors, Inc. has a 1 year low of $63.85 and a 1 year high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The firm had revenue of $85.75 million during the quarter, compared to analyst estimates of $81.13 million. On average, equities analysts anticipate that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Monday, March 31st were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Monday, March 31st. National Health Investors's dividend payout ratio is presently 115.38%.

Analysts Set New Price Targets

Several equities analysts have commented on NHI shares. Truist Financial increased their target price on National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, March 19th. Wedbush reissued an "outperform" rating and set a $88.00 price objective on shares of National Health Investors in a report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, National Health Investors currently has a consensus rating of "Hold" and a consensus target price of $85.50.

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.