NewEdge Advisors LLC Purchases New Shares in National Health Investors, Inc. (NYSE:NHI)

NewEdge Advisors LLC acquired a new position in National Health Investors, Inc. (NYSE:NHI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,201 shares of the real estate investment trust’s stock, valued at approximately $83,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of National Health Investors by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust’s stock worth $445,128,000 after acquiring an additional 102,012 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of National Health Investors by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock valued at $114,242,000 after purchasing an additional 82,825 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of National Health Investors by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,113,771 shares of the real estate investment trust’s stock valued at $77,201,000 after purchasing an additional 19,201 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of National Health Investors by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock worth $60,765,000 after purchasing an additional 24,462 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of National Health Investors in the 4th quarter worth approximately $42,322,000. Hedge funds and other institutional investors own 62.51% of the company’s stock.

National Health Investors Trading Up 0.5 %

Shares of NYSE:NHI opened at $75.75 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. National Health Investors, Inc. has a 1 year low of $63.91 and a 1 year high of $86.13. The company has a market cap of $3.54 billion, a P/E ratio of 26.03, a PEG ratio of 4.42 and a beta of 0.78. The stock’s fifty day moving average price is $73.68 and its 200-day moving average price is $72.75.

National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The business had revenue of $85.75 million for the quarter, compared to analysts’ expectations of $81.13 million. Sell-side analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Monday, March 31st were paid a dividend of $0.90 per share. The ex-dividend date was Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.75%. National Health Investors’s dividend payout ratio is presently 115.38%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wedbush reissued an “outperform” rating and issued a $88.00 target price on shares of National Health Investors in a report on Monday, March 17th. Truist Financial upped their price target on shares of National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.50.

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.