Geode Capital Management LLC boosted its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,113,771 shares of the real estate investment trust's stock after buying an additional 19,201 shares during the quarter. Geode Capital Management LLC owned approximately 2.45% of National Health Investors worth $77,201,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in National Health Investors by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust's stock valued at $445,128,000 after acquiring an additional 102,012 shares in the last quarter. Principal Financial Group Inc. lifted its stake in National Health Investors by 5.3% in 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 acquiring an additional 82,825 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in National Health Investors by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust's stock worth $60,765,000 after buying an additional 24,462 shares during the last quarter. Norges Bank bought a new stake in National Health Investors in the 4th quarter valued at $42,322,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of National Health Investors by 10.7% during the 4th quarter. Bank of New York Mellon Corp now owns 557,420 shares of the real estate investment trust's stock worth $38,629,000 after buying an additional 53,705 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on NHI. Truist Financial lifted their price target 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 reiterated an "outperform" rating and set a $88.00 price target on shares of National Health Investors in a report on Monday, March 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, National Health Investors presently has an average rating of "Hold" and a consensus price target of $85.50.
View Our Latest Report on National Health Investors
National Health Investors Stock Up 1.1 %
NYSE:NHI traded up $0.78 on Tuesday, hitting $74.76. The stock had a trading volume of 223,884 shares, compared to its average volume of 218,921. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The stock has a market cap of $3.49 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79. The firm's fifty day simple moving average is $71.73 and its two-hundred day simple moving average is $73.18. National Health Investors, Inc. has a 1 year low of $57.95 and a 1 year high of $86.13.
National Health Investors (NYSE:NHI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 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 firm had revenue of $85.75 million for the quarter, compared to analysts' expectations of $81.13 million. Analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current year.
National Health Investors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors's payout ratio is 115.38%.
National Health Investors Company Profile
(
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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