Allspring Global Investments Holdings LLC Trims Holdings in National Health Investors, Inc. (NYSE:NHI)

Allspring Global Investments Holdings LLC reduced its position in National Health Investors, Inc. (NYSE:NHI) by 62.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,561 shares of the real estate investment trust’s stock after selling 2,630 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in National Health Investors were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC increased its stake in National Health Investors by 33.5% in the 4th 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 in the last quarter. EMC Capital Management boosted its stake in National Health Investors by 86.5% in the 3rd quarter. EMC Capital Management now owns 3,357 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 1,557 shares during the period. AlphaMark Advisors LLC purchased a new stake in National Health Investors during the 3rd quarter valued at approximately $249,000. Van ECK Associates Corp raised its position in shares of National Health Investors by 4.3% during the third quarter. Van ECK Associates Corp now owns 4,889 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 202 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in National Health Investors during the third quarter valued at $308,000. 62.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NHI has been the topic of several research analyst reports. Wedbush boosted their price target on shares of National Health Investors from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft assumed coverage on National Health Investors in a research note on Tuesday, January 30th. They issued a “buy” rating and a $69.00 price objective on the stock. StockNews.com downgraded National Health Investors from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. BMO Capital Markets raised shares of National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 price target on the stock in a research note on Tuesday, March 12th. Finally, Wells Fargo & Company raised shares of National Health Investors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $55.00 to $63.00 in a research note on Monday, February 26th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, National Health Investors has an average rating of “Hold” and a consensus target price of $60.50.

National Health Investors Price Performance

NHI stock opened at $62.76 on Tuesday. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.90. National Health Investors, Inc. has a 12 month low of $47.54 and a 12 month high of $63.42. The stock has a market cap of $2.73 billion, a PE ratio of 20.05 and a beta of 0.95. The company has a 50-day moving average price of $59.94 and a 200 day moving average price of $55.86.

National Health Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.90 per share. The ex-dividend date is Wednesday, March 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.74%. National Health Investors’s dividend payout ratio is 115.02%.

Insider Transactions at National Health Investors

In other National Health Investors news, Director Charlotte A. Swafford acquired 10,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $58.69 per share, with a total value of $586,900.00. Following the transaction, the director now directly owns 110,185 shares of the company’s stock, valued at approximately $6,466,757.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.26% of the company’s stock.

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.