Charles Schwab Investment Management Inc. Grows Stake in National Health Investors, Inc. (NYSE:NHI)

Charles Schwab Investment Management Inc. increased its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 17.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 852,377 shares of the real estate investment trust's stock after acquiring an additional 123,596 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.88% of National Health Investors worth $71,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in shares of National Health Investors in the second quarter worth about $28,000. Covestor Ltd boosted its stake in National Health Investors by 2,700.0% in the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 405 shares during the period. International Assets Investment Management LLC purchased a new stake in National Health Investors during the 2nd quarter valued at approximately $36,000. Blue Trust Inc. raised its position in shares of National Health Investors by 2,651.9% during the second quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 716 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of National Health Investors by 27.8% in the third quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust's stock worth $54,000 after buying an additional 141 shares in the last quarter. Institutional investors own 62.51% of the company's stock.

National Health Investors Trading Down 0.3 %

NYSE:NHI traded down $0.25 during mid-day trading on Friday, hitting $76.66. 207,861 shares of the stock traded hands, compared to its average volume of 198,208. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 5.13 and a beta of 1.05. National Health Investors, Inc. has a 52 week low of $51.59 and a 52 week high of $86.13. The firm's 50 day moving average is $78.88 and its two-hundred day moving average is $74.69.

National Health Investors (NYSE:NHI - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.42). National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $63.32 million for the quarter, compared to the consensus estimate of $67.93 million. During the same period in the prior year, the business posted $1.08 earnings per share. National Health Investors's revenue was up 1.7% on a year-over-year basis. On average, equities research analysts predict that National Health Investors, Inc. will post 4.42 earnings per share for the current year.

National Health Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, December 31st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.70%. The ex-dividend date is Tuesday, December 31st. National Health Investors's dividend payout ratio is presently 123.71%.

Wall Street Analysts Forecast Growth

NHI has been the subject of several research analyst reports. Bank of America initiated coverage on shares of National Health Investors in a research note on Tuesday, September 24th. They set a "buy" rating and a $92.00 target price for the company. Truist Financial lifted their target price on National Health Investors from $65.00 to $78.00 and gave the stock a "hold" rating in a report on Friday, August 30th. Wells Fargo & Company cut National Health Investors from an "overweight" rating to an "equal weight" rating and upped their price objective for the stock from $81.00 to $86.00 in a report on Tuesday, October 1st. Finally, StockNews.com lowered shares of National Health Investors from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.33.

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.