Wells Fargo & Company MN increased its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,072 shares of the real estate investment trust's stock after buying an additional 5,853 shares during the period. Wells Fargo & Company MN owned 0.17% of National Health Investors worth $5,272,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of National Health Investors during the fourth quarter valued at approximately $42,322,000. Centersquare Investment Management LLC increased its holdings in shares of National Health Investors by 35.9% in the 4th quarter. Centersquare Investment Management LLC now owns 394,433 shares of the real estate investment trust's stock worth $27,334,000 after purchasing an additional 104,186 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of National Health Investors by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust's stock valued at $445,128,000 after purchasing an additional 102,012 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of 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 last quarter. Finally, Prudential Financial Inc. increased its holdings in National Health Investors by 13.0% in the 4th quarter. Prudential Financial Inc. now owns 476,371 shares of the real estate investment trust's stock worth $33,013,000 after buying an additional 54,936 shares in the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, March 19th. Wedbush reaffirmed an "outperform" rating and issued a $88.00 price objective on shares of National Health Investors in a report on Monday, March 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, National Health Investors has an average rating of "Hold" and an average target price of $85.50.
Check Out Our Latest Report on National Health Investors
National Health Investors Stock Performance
NYSE NHI traded down $0.79 on Friday, hitting $74.53. 14,222 shares of the company traded hands, compared to its average volume of 219,944. The business's 50 day moving average price is $73.02 and its 200-day moving average price is $72.93. National Health Investors, Inc. has a 52-week low of $61.96 and a 52-week high of $86.13. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 4.42 and a beta of 0.79.
National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $85.75 million during the quarter, compared to the consensus estimate of $81.13 million. Equities analysts expect 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 issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors's dividend payout ratio is currently 115.38%.
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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