Raymond James Financial Inc. bought a new position in National Health Investors, Inc. (NYSE:NHI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 32,027 shares of the real estate investment trust's stock, valued at approximately $2,219,000. Raymond James Financial Inc. owned about 0.07% of National Health Investors as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. increased its position in shares of 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 worth $114,242,000 after purchasing an additional 82,825 shares during the last quarter. Geode Capital Management LLC raised its position in shares of National Health Investors by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,094,570 shares of the real estate investment trust's stock valued at $92,026,000 after buying an additional 8,540 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of National Health Investors by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust's stock worth $60,765,000 after acquiring an additional 24,462 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 acquiring an additional 53,705 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in National Health Investors by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 463,403 shares of the real estate investment trust's stock worth $32,114,000 after acquiring an additional 2,279 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company's stock.
National Health Investors Trading Down 0.1 %
Shares of NHI traded down $0.06 during trading hours on Wednesday, hitting $74.21. The company had a trading volume of 84,553 shares, compared to its average volume of 219,592. The firm has a market cap of $3.39 billion, a P/E ratio of 25.50, a P/E/G ratio of 4.42 and a beta of 1.08. National Health Investors, Inc. has a 52-week low of $57.80 and a 52-week high of $86.13. The stock's 50 day moving average price is $71.12 and its 200 day moving average price is $74.08. 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 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. The company had revenue of $85.75 million during the quarter, compared to analyst estimates of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. On average, research analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current year.
National Health Investors Announces Dividend
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 given a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.85%. National Health Investors's dividend payout ratio is currently 115.38%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. 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 upped their target price on National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $85.50.
Get Our Latest Analysis on NHI
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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