National Health Investors, Inc. (NYSE:NHI) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of National Health Investors, Inc. (NYSE:NHI) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 535,142 shares of the real estate investment trust’s stock after purchasing an additional 761 shares during the quarter. Bank of New York Mellon Corp owned 1.23% of National Health Investors worth $36,245,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of National Health Investors during the 4th quarter worth approximately $25,448,000. Waterfront Capital Partners LLC bought a new stake in National Health Investors in the fourth quarter valued at $21,863,000. Land & Buildings Investment Management LLC boosted its holdings in shares of National Health Investors by 81.8% during the fourth quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock valued at $23,013,000 after acquiring an additional 185,377 shares during the period. Sound Income Strategies LLC grew its position in shares of National Health Investors by 21,963.3% during the second quarter. Sound Income Strategies LLC now owns 153,119 shares of the real estate investment trust’s stock worth $10,371,000 after acquiring an additional 152,425 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of National Health Investors by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,870,632 shares of the real estate investment trust’s stock worth $104,475,000 after acquiring an additional 146,735 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. StockNews.com upgraded National Health Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Truist Financial boosted their price target on National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, National Health Investors currently has an average rating of “Moderate Buy” and a consensus price target of $63.75.

National Health Investors Stock Up 1.2 %

Shares of NHI stock opened at $81.43 on Tuesday. National Health Investors, Inc. has a 1 year low of $48.51 and a 1 year high of $81.43. The company has a debt-to-equity ratio of 0.91, a quick ratio of 10.27 and a current ratio of 10.27. The business’s fifty day moving average is $73.62 and its 200-day moving average is $66.29. The stock has a market cap of $3.54 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 8.51 and a beta of 1.02.

National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The firm had revenue of $84.97 million for the quarter, compared to analyst estimates of $64.95 million. During the same period in the previous year, the firm earned $1.06 earnings per share. National Health Investors’s revenue was up 9.1% on a year-over-year basis. Equities analysts expect that National Health Investors, Inc. will post 4.55 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Friday, September 27th. National Health Investors’s payout ratio is 118.03%.

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.