Raymond James Financial Inc. Acquires New Stake in National Health Investors, Inc. (NYSE:NHI)

Raymond James Financial Inc. acquired a new position in National Health Investors, Inc. (NYSE:NHI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,027 shares of the real estate investment trust's stock, valued at approximately $2,219,000. Raymond James Financial Inc. owned approximately 0.07% of National Health Investors at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 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 purchasing an additional 82,825 shares in the last quarter. Geode Capital Management LLC lifted its position in National Health Investors by 0.8% during the third 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 during the period. Charles Schwab Investment Management Inc. boosted 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 valued at $60,765,000 after buying an additional 24,462 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of National Health Investors by 10.7% in 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 period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of National Health Investors by 0.5% in the 4th 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. 62.51% of the stock is owned by hedge funds and other institutional investors.

National Health Investors Stock Up 0.1 %

Shares of National Health Investors stock traded up $0.05 on Thursday, reaching $73.82. The company's stock had a trading volume of 191,025 shares, compared to its average volume of 215,445. 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 $71.33 and its two-hundred day simple moving average 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. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 4.42 and a beta of 0.79.

National Health Investors (NYSE:NHI - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $85.75 million during the quarter, compared to the consensus estimate 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be given a dividend of $0.90 per share. The ex-dividend date is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.88%. National Health Investors's dividend payout ratio (DPR) is 115.38%.

Wall Street Analyst Weigh In

Several research firms recently commented on NHI. Truist Financial boosted their price objective on shares of National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a research note on Wednesday, March 19th. Wedbush reissued an "outperform" rating and issued a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $85.50.

National Health Investors 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.