Geode Capital Management LLC Purchases 8,540 Shares of National Health Investors, Inc. (NYSE:NHI)

Geode Capital Management LLC boosted its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,094,570 shares of the real estate investment trust's stock after buying an additional 8,540 shares during the period. Geode Capital Management LLC owned approximately 2.41% of National Health Investors worth $92,026,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NHI. 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 worth $71,651,000 after buying an additional 123,596 shares during the period. Land & Buildings Investment Management LLC lifted its position in shares of National Health Investors by 4.6% during the 2nd quarter. Land & Buildings Investment Management LLC now owns 417,834 shares of the real estate investment trust's stock valued at $28,300,000 after acquiring an additional 18,232 shares during the period. Zimmer Partners LP bought a new position in National Health Investors during the third quarter worth $25,218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in National Health Investors by 332.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 242,326 shares of the real estate investment trust's stock worth $20,370,000 after purchasing an additional 186,238 shares during the period. Finally, Sound Income Strategies LLC increased its stake in National Health Investors by 10.8% in the third quarter. Sound Income Strategies LLC now owns 169,582 shares of the real estate investment trust's stock valued at $14,255,000 after purchasing an additional 16,463 shares in the last quarter. Institutional investors own 62.51% of the company's stock.

National Health Investors Stock Up 1.5 %

NHI stock traded up $1.01 during mid-day trading on Friday, reaching $69.85. 750,877 shares of the company traded hands, compared to its average volume of 204,402. 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 firm's 50 day moving average price is $76.18 and its 200 day moving average price is $75.52. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 4.86 and a beta of 1.04. National Health Investors, Inc. has a fifty-two week low of $51.59 and a fifty-two week high of $86.13.

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

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be paid a $0.90 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.60 annualized dividend and a dividend yield of 5.15%. National Health Investors's payout ratio is 123.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NHI shares. Bank of America began coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They set a "buy" rating and a $92.00 price objective on the stock. Wells Fargo & Company lowered National Health Investors from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $81.00 to $86.00 in a report on Tuesday, October 1st. StockNews.com cut National Health Investors from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Finally, Truist Financial upped their target price on National Health Investors from $65.00 to $78.00 and gave the stock a "hold" rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $76.33.

About National Health Investors

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.