Bank of New York Mellon Corp Raises Stock Position in National Health Investors, Inc. (NYSE:NHI)

Bank of New York Mellon Corp raised its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 557,420 shares of the real estate investment trust's stock after purchasing an additional 53,705 shares during the quarter. Bank of New York Mellon Corp owned 1.23% of National Health Investors worth $38,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in 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 buying an additional 82,825 shares during the period. Geode Capital Management LLC boosted its stake in shares of National Health Investors by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,094,570 shares of the real estate investment trust's stock worth $92,026,000 after acquiring an additional 8,540 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of National Health Investors by 17.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust's stock valued at $71,651,000 after acquiring an additional 123,596 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of National Health Investors by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 463,403 shares of the real estate investment trust's stock worth $32,114,000 after purchasing an additional 2,279 shares in the last quarter. Finally, Zimmer Partners LP bought a new position in National Health Investors in the 3rd quarter worth $25,218,000. Hedge funds and other institutional investors own 62.51% of the company's stock.

Remove Ads

National Health Investors Price Performance

NHI traded up $1.30 on Monday, hitting $74.22. 339,085 shares of the company's stock traded hands, compared to its average volume of 201,258. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. National Health Investors, Inc. has a one year low of $57.80 and a one year high of $86.13. The company's 50 day simple moving average is $69.09 and its 200-day simple moving average is $74.93. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 4.42 and a beta of 1.08.

National Health Investors (NYSE:NHI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.03. The firm had revenue of $85.75 million during the quarter, compared to analyst estimates of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. As a group, research analysts anticipate that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Monday, March 31st. National Health Investors's payout ratio is 115.38%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their price target on shares of National Health Investors from $78.00 to $72.00 and set a "hold" rating on the stock in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $76.60.

National Health Investors Company 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.