National Health Investors, Inc. (NYSE:NHI) Stake Boosted by Truist Financial Corp

Truist Financial Corp boosted its position in National Health Investors, Inc. (NYSE:NHI) by 29.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,232 shares of the real estate investment trust’s stock after purchasing an additional 8,307 shares during the quarter. Truist Financial Corp’s holdings in National Health Investors were worth $2,024,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Atria Wealth Solutions Inc. increased its position in National Health Investors by 4.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 8,200 shares of the real estate investment trust’s stock valued at $458,000 after acquiring an additional 359 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of National Health Investors by 18.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,193 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 1,142 shares in the last quarter. abrdn plc increased its holdings in shares of National Health Investors by 107.3% during the fourth quarter. abrdn plc now owns 17,668 shares of the real estate investment trust’s stock valued at $987,000 after purchasing an additional 9,145 shares during the period. Baystate Wealth Management LLC bought a new stake in shares of National Health Investors during the fourth quarter valued at about $39,000. Finally, International Assets Investment Management LLC lifted its holdings in National Health Investors by 3,690.7% in the fourth quarter. International Assets Investment Management LLC now owns 28,430 shares of the real estate investment trust’s stock worth $1,588,000 after purchasing an additional 27,680 shares during the period. Institutional investors own 62.51% of the company’s stock.

National Health Investors Stock Down 0.3 %

Shares of National Health Investors stock opened at $65.45 on Friday. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.90. National Health Investors, Inc. has a 12-month low of $48.51 and a 12-month high of $66.10. The firm has a market capitalization of $2.84 billion, a PE ratio of 21.46 and a beta of 0.95. The stock’s fifty day moving average is $61.11 and its 200-day moving average is $56.60.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 28th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Friday, June 28th. National Health Investors’s payout ratio is 118.03%.

Insider Transactions at National Health Investors

In other news, Director Charlotte A. Swafford purchased 10,000 shares of National Health Investors stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of $58.69 per share, for a total transaction of $586,900.00. Following the transaction, the director now owns 110,185 shares in the company, valued at $6,466,757.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.