Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in National Health Investors, Inc. (NYSE:NHI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 86.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,536 shares of the real estate investment trust's stock after buying an additional 6,270 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in National Health Investors were worth $938,000 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 NHI. Thrivent Financial for Lutherans acquired a new position in shares of National Health Investors during the 3rd quarter valued at about $2,426,000. Quest Partners LLC purchased a new position in National Health Investors during the third quarter worth about $230,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of National Health Investors in the 3rd quarter valued at approximately $282,000. Intech Investment Management LLC purchased a new stake in shares of National Health Investors in the 3rd quarter valued at approximately $720,000. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 last quarter. Institutional investors and hedge funds own 62.51% of the company's stock.

Wall Street Analysts Forecast Growth

NHI has been the topic of a number of recent analyst reports. Wedbush reiterated an "outperform" rating and issued a $88.00 price objective on shares of National Health Investors in a report on Monday, March 17th. Truist Financial increased their price target on National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $85.50.

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National Health Investors Trading Up 1.3 %

NYSE NHI traded up $0.95 on Friday, reaching $74.74. The stock had a trading volume of 124,248 shares, compared to its average volume of 214,891. National Health Investors, Inc. has a 12-month low of $57.80 and a 12-month high of $86.13. The stock has a fifty day moving average price of $70.95 and a two-hundred day moving average price of $74.23. The firm 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. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92.

National Health Investors (NYSE:NHI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The firm had revenue of $85.75 million for 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%. As a group, sell-side analysts forecast that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

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

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.