Resona Asset Management Co. Ltd. purchased a new position in National Health Investors, Inc. (NYSE:NHI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,994 shares of the real estate investment trust's stock, valued at approximately $1,239,000.
A number of other institutional investors also recently bought and sold shares of NHI. Verition Fund Management LLC purchased a new position in National Health Investors during the third quarter valued at $293,000. Point72 Asset Management L.P. acquired a new stake in National Health Investors in the 3rd quarter worth about $688,000. Quarry LP acquired a new stake in National Health Investors in the 3rd quarter worth about $27,000. Jane Street Group LLC increased its stake in National Health Investors by 68.3% during the 3rd quarter. Jane Street Group LLC now owns 60,099 shares of the real estate investment trust's stock worth $5,052,000 after buying an additional 24,380 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of National Health Investors in the third quarter valued at approximately $230,000. 62.51% of the stock is owned by hedge funds and other institutional investors.
National Health Investors Trading Up 0.9 %
NYSE:NHI traded up $0.64 on Tuesday, reaching $74.62. 100,986 shares of the company's stock were exchanged, compared to its average volume of 218,449. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79. National Health Investors, Inc. has a 52-week low of $57.95 and a 52-week high of $86.13. 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 business has a fifty day moving average of $71.73 and a 200-day moving average of $73.18.
National Health Investors (NYSE:NHI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm had revenue of $85.75 million for the quarter, compared to the consensus estimate of $81.13 million. As a group, analysts expect 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 declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Monday, March 31st. National Health Investors's dividend payout ratio is currently 115.38%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on NHI shares. Wedbush reissued an "outperform" rating and issued a $88.00 target price on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial upped their target price on National Health Investors from $70.00 to $76.00 and gave the company 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $85.50.
Read Our Latest Report on National Health Investors
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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