Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Holdings in National Health Investors, Inc. (NYSE:NHI)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 23.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,851 shares of the real estate investment trust’s stock after selling 5,093 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in National Health Investors were worth $941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NHI. Van ECK Associates Corp increased its position in National Health Investors by 4.3% in the third quarter. Van ECK Associates Corp now owns 4,889 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 202 shares during the last quarter. Sound Income Strategies LLC increased its position in National Health Investors by 33.5% in the fourth quarter. Sound Income Strategies LLC now owns 916 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 230 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in National Health Investors by 3.4% in the third quarter. Atria Wealth Solutions Inc. now owns 7,841 shares of the real estate investment trust’s stock worth $403,000 after buying an additional 261 shares during the last quarter. State of Alaska Department of Revenue increased its position in National Health Investors by 1.4% in the third quarter. State of Alaska Department of Revenue now owns 19,817 shares of the real estate investment trust’s stock worth $1,017,000 after buying an additional 268 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in National Health Investors by 0.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 47,540 shares of the real estate investment trust’s stock worth $2,442,000 after buying an additional 420 shares during the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at National Health Investors

In other news, Director Charlotte A. Swafford purchased 10,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of $58.69 per share, for a total transaction of $586,900.00. Following the completion of the transaction, the director now directly owns 110,185 shares of the company’s stock, valued at approximately $6,466,757.65. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.26% of the company’s stock.

National Health Investors Price Performance

NYSE:NHI opened at $62.89 on Monday. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 20.09 and a beta of 0.95. National Health Investors, Inc. has a 52-week low of $47.54 and a 52-week high of $63.37. The stock has a fifty day moving average of $59.75 and a 200 day moving average of $55.77. The company has a debt-to-equity ratio of 0.90, a quick ratio of 10.27 and a current ratio of 10.27.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 28th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend is Wednesday, March 27th. National Health Investors’s dividend payout ratio is 115.02%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NHI shares. Wells Fargo & Company raised National Health Investors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $55.00 to $63.00 in a research report on Monday, February 26th. Truist Financial raised their target price on National Health Investors from $55.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft began coverage on National Health Investors in a report on Tuesday, January 30th. They issued a “buy” rating and a $69.00 price target for the company. Finally, Wedbush raised their price target on National Health Investors from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $60.50.

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.