National Health Investors, Inc. (NYSE:NHI) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of National Health Investors, Inc. (NYSE:NHIGet Rating) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,019 shares of the real estate investment trust’s stock after purchasing an additional 234 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of National Health Investors worth $1,414,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in National Health Investors during the second quarter worth $12,971,000. Mackenzie Financial Corp bought a new position in National Health Investors in the 2nd quarter worth approximately $201,000. State Board of Administration of Florida Retirement System grew its holdings in National Health Investors by 71.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 13,548 shares of the real estate investment trust’s stock worth $821,000 after buying an additional 5,660 shares in the last quarter. Integrated Advisors Network LLC lifted its position in National Health Investors by 5.9% in the second quarter. Integrated Advisors Network LLC now owns 59,636 shares of the real estate investment trust’s stock worth $3,615,000 after purchasing an additional 3,347 shares during the period. Finally, Shilanski & Associates Inc. lifted its position in National Health Investors by 2.9% in the second quarter. Shilanski & Associates Inc. now owns 45,682 shares of the real estate investment trust’s stock worth $2,769,000 after purchasing an additional 1,299 shares during the period. 62.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at National Health Investors

In related news, Director Robert G. Adams purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, December 14th. The shares were acquired at an average cost of $56.60 per share, with a total value of $56,600.00. Following the completion of the purchase, the director now owns 180,548 shares of the company’s stock, valued at approximately $10,219,016.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.26% of the stock is currently owned by company insiders.

National Health Investors Price Performance

NHI opened at $55.15 on Tuesday. The stock has a fifty day moving average of $54.71 and a 200-day moving average of $58.53. The firm has a market capitalization of $2.39 billion, a P/E ratio of 35.13 and a beta of 0.85. National Health Investors, Inc. has a 12-month low of $50.22 and a 12-month high of $67.16. The company has a quick ratio of 13.83, a current ratio of 13.82 and a debt-to-equity ratio of 0.85.

National Health Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, December 30th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date is Thursday, December 29th. National Health Investors’s dividend payout ratio (DPR) is presently 229.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NHI shares. Truist Financial cut their target price on National Health Investors from $64.00 to $61.00 and set a “hold” rating for the company in a research report on Monday, September 26th. Credit Suisse Group upgraded National Health Investors from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $47.00 to $58.00 in a research report on Friday, December 9th. Finally, StockNews.com downgraded National Health Investors from a “buy” rating to a “hold” rating in a research report on Friday, January 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, National Health Investors currently has an average rating of “Hold” and a consensus target price of $61.25.

National Health Investors Profile

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Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

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Institutional Ownership by Quarter for National Health Investors (NYSE:NHI)

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