Resona Asset Management Co. Ltd. Invests $1.24 Million in National Health Investors, Inc. (NYSE:NHI)

Resona Asset Management Co. Ltd. purchased a new position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 17,994 shares of the real estate investment trust's stock, valued at approximately $1,239,000.

Several other institutional investors have also made changes to their positions in NHI. Quarry LP bought a new position in shares of National Health Investors in the third quarter valued at approximately $27,000. Loomis Sayles & Co. L P raised 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 buying an additional 189 shares in the last quarter. Jones Financial Companies Lllp raised 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 worth $62,000 after purchasing an additional 789 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of National Health Investors during the 4th quarter worth approximately $63,000. Finally, KBC Group NV lifted its holdings in shares of National Health Investors by 61.4% during the fourth quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust's stock valued at $140,000 after acquiring an additional 768 shares during the period. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NHI has been the subject of several research analyst reports. Truist Financial lifted their price objective 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 restated an "outperform" rating and issued a $88.00 price objective on shares of National Health Investors in a report on Monday, March 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, National Health Investors currently has a consensus rating of "Hold" and an average price target of $85.50.

National Health Investors Trading Up 1.2 %

NYSE:NHI traded up $0.88 on Wednesday, reaching $75.49. The company's stock had a trading volume of 29,130 shares, compared to its average volume of 224,145. 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's 50-day moving average price is $71.85 and its two-hundred day moving average price is $73.19. National Health Investors, Inc. has a 1-year low of $58.71 and a 1-year high of $86.13. The firm has a market cap of $3.52 billion, a PE ratio of 25.95, a PEG ratio of 4.42 and a beta of 0.79.

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 for the quarter, topping analysts' consensus estimates of $1.10 by $0.03. The firm had revenue of $85.75 million during the quarter, compared to analyst estimates of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. Equities research analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors's payout ratio is 115.38%.

National Health Investors 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.