Prudential Financial Inc. Acquires 54,936 Shares of National Health Investors, Inc. (NYSE:NHI)

Prudential Financial Inc. boosted its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 476,371 shares of the real estate investment trust's stock after purchasing an additional 54,936 shares during the quarter. Prudential Financial Inc. owned approximately 1.05% of National Health Investors worth $33,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in shares of National Health Investors by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust's stock worth $1,388,000 after buying an additional 196 shares during the period. Tidal Investments LLC increased its stake in shares of National Health Investors by 3.9% during the third quarter. Tidal Investments LLC now owns 6,762 shares of the real estate investment trust's stock valued at $568,000 after purchasing an additional 254 shares in the last quarter. Xponance Inc. lifted its holdings in shares of National Health Investors by 9.5% during the fourth quarter. Xponance Inc. now owns 2,997 shares of the real estate investment trust's stock valued at $208,000 after purchasing an additional 259 shares during the last quarter. Quarry LP bought a new stake in shares of National Health Investors in the 3rd quarter worth approximately $27,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of National Health Investors in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 62.51% of the company's stock.

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Wall Street Analyst Weigh In

NHI has been the subject of a number of recent research reports. Wedbush reiterated an "outperform" rating and set a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial lifted their price target on National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, National Health Investors presently has a consensus rating of "Hold" and a consensus target price of $85.50.

National Health Investors Stock Up 1.3 %

Shares of National Health Investors stock traded up $0.95 on Friday, reaching $74.74. The company's stock had a trading volume of 124,248 shares, compared to its average volume of 214,891. National Health Investors, Inc. has a 52 week low of $57.80 and a 52 week high of $86.13. The firm's fifty day simple moving average is $70.95 and its two-hundred day simple moving average is $74.23. 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 company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 25.68, 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 business had revenue of $85.75 million during the quarter, compared to analyst estimates of $81.13 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. Equities analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Monday, March 31st. National Health Investors's dividend payout ratio (DPR) is presently 115.38%.

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.