Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in National Health Investors, Inc. (NYSE:NHI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,810 shares of the real estate investment trust’s stock after acquiring an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of National Health Investors worth $1,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. GF Fund Management CO. LTD. purchased a new stake in shares of National Health Investors in the fourth quarter valued at about $58,000. Farther Finance Advisors LLC raised its stake in National Health Investors by 5,000.0% during the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 900 shares during the period. NewEdge Advisors LLC acquired a new position in National Health Investors in the 4th quarter valued at about $83,000. Sterling Capital Management LLC grew its stake in shares of National Health Investors by 61.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,099 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 1,175 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of National Health Investors in the 4th quarter valued at approximately $226,000. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Wall Street Analyst Weigh In

NHI has been the topic of several analyst reports. Truist Financial raised shares of National Health Investors from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Wednesday, July 2nd. Wedbush upgraded National Health Investors to a “strong-buy” rating in a research report on Wednesday, July 2nd. Finally, KeyCorp raised National Health Investors from a “sector weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a research note on Thursday, July 10th. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.60.

National Health Investors Price Performance

National Health Investors stock opened at $71.30 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 market capitalization of $3.33 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73. The company’s 50 day simple moving average is $71.16 and its 200-day simple moving average is $71.92. National Health Investors, Inc. has a 1 year low of $65.13 and a 1 year high of $86.13.

National Health Investors (NYSE:NHI) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The company had revenue of $68.87 million for the quarter, compared to analyst estimates of $85.13 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts expect 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 announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Monday, June 30th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Monday, June 30th. National Health Investors’s dividend payout ratio (DPR) 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.