Sterling Capital Management LLC Grows Position in National Health Investors, Inc. (NYSE:NHI)

Sterling Capital Management LLC grew its holdings in National Health Investors, Inc. (NYSE:NHI) by 61.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,099 shares of the real estate investment trust’s stock after buying an additional 1,175 shares during the period. Sterling Capital Management LLC’s holdings in National Health Investors were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NHI. Loomis Sayles & Co. L P lifted its stake in National Health Investors by 42.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 189 shares in the last quarter. State of Alaska Department of Revenue lifted its position in National Health Investors by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust’s stock worth $1,388,000 after buying an additional 196 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in National Health Investors by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,197 shares of the real estate investment trust’s stock worth $915,000 after buying an additional 238 shares during the last quarter. Tidal Investments LLC grew its holdings in National Health Investors by 3.9% in the 3rd quarter. Tidal Investments LLC now owns 6,762 shares of the real estate investment trust’s stock valued at $568,000 after buying an additional 254 shares in the last quarter. Finally, Xponance Inc. increased its stake in shares of National Health Investors by 9.5% in the 4th quarter. Xponance Inc. now owns 2,997 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 259 shares during the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NHI shares. Wedbush restated an “outperform” rating and set a $88.00 price objective on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial lifted their price target on shares of National Health Investors from $70.00 to $76.00 and gave the company a “hold” rating in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $85.50.

National Health Investors Stock Performance

Shares of NHI stock opened at $75.44 on Monday. National Health Investors, Inc. has a one year low of $61.20 and a one year high of $86.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The firm’s 50 day moving average price is $72.36 and its 200-day moving average price is $72.97. The firm has a market cap of $3.52 billion, a P/E ratio of 25.93, a P/E/G ratio of 4.42 and a beta of 0.79.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $85.75 million during the quarter, compared to analysts’ expectations of $81.13 million. As a group, equities research analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Monday, March 31st. National Health Investors’s dividend payout ratio (DPR) is currently 115.38%.

National Health Investors 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.