M&T Bank Corp Buys 168 Shares of National Health Investors, Inc. (NYSE:NHI)

M&T Bank Corp grew its position in shares of National Health Investors, Inc. (NYSE:NHI) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,969 shares of the real estate investment trust’s stock after buying an additional 168 shares during the period. M&T Bank Corp’s holdings in National Health Investors were worth $293,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P lifted its stake in shares of 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 valued at $44,000 after purchasing an additional 189 shares during the period. GF Fund Management CO. LTD. bought a new stake in National Health Investors during the fourth quarter valued at about $58,000. Farther Finance Advisors LLC lifted its position in shares of National Health Investors by 5,000.0% in the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 900 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of National Health Investors in the fourth quarter worth about $83,000. Finally, Xponance Inc. lifted its position in shares of National Health Investors by 9.5% in the fourth quarter. Xponance Inc. now owns 2,997 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NHI. KeyCorp raised National Health Investors from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective on the stock in a research note on Thursday, July 10th. Truist Financial upgraded National Health Investors from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Wednesday, July 2nd. Finally, Wedbush raised shares of National Health Investors to a “strong-buy” rating in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.60.

National Health Investors Trading Down 0.6%

NYSE NHI opened at $70.27 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 16.55 and a current ratio of 16.55. The company has a 50-day simple moving average of $71.95 and a 200-day simple moving average of $71.68. The firm has a market capitalization of $3.28 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. National Health Investors, Inc. has a one year low of $65.13 and a one year high of $86.13.

National Health Investors (NYSE:NHI) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. National Health Investors had a net margin of 41.15% and a return on equity of 10.64%. The firm had revenue of $68.87 million for the quarter, compared to the consensus estimate of $85.13 million. During the same period in the prior year, the business posted $1.10 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts forecast that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be given a dividend of $0.90 per share. The ex-dividend date is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.12%. National Health Investors’s dividend payout ratio is 114.29%.

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.