Norges Bank purchased a new stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 610,700 shares of the real estate investment trust's stock, valued at approximately $42,322,000. Norges Bank owned approximately 1.34% of National Health Investors as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. Quarry LP bought a new stake in National Health Investors during the 3rd quarter valued at $27,000. Point72 DIFC Ltd purchased a new position in shares of National Health Investors during the third quarter valued at $35,000. Loomis Sayles & Co. L P raised its holdings in shares of National Health Investors by 42.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 189 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in National Health Investors by 781.2% in the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 789 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in National Health Investors in the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 62.51% of the company's stock.
National Health Investors Stock Up 3.9 %
NYSE NHI traded up $2.69 on Wednesday, hitting $71.43. The stock had a trading volume of 379,053 shares, compared to its average volume of 217,751. The business's fifty day moving average price is $71.47 and its 200 day moving average price is $73.48. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79. 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 52-week low of $57.80 and a 52-week high of $86.13.
National Health Investors (NYSE:NHI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $85.75 million for the quarter, compared to the consensus estimate of $81.13 million. Equities research analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current year.
National Health Investors Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Monday, March 31st. National Health Investors's payout ratio is 115.38%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on NHI shares. Truist Financial boosted their price objective 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. Wedbush reissued an "outperform" rating and issued a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $85.50.
Check Out Our Latest Report on National Health Investors
About National Health Investors
(
Free Report)
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.
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