Sagespring Wealth Partners LLC Purchases New Position in National Health Investors, Inc. (NYSE:NHI)

Sagespring Wealth Partners LLC purchased a new stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,748 shares of the real estate investment trust's stock, valued at approximately $537,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NHI. Loomis Sayles & Co. L P increased its holdings in shares of National Health Investors by 42.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock worth $44,000 after buying an additional 189 shares during the last quarter. Jones Financial Companies Lllp boosted its position in National Health Investors by 781.2% during the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 789 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of National Health Investors in the fourth quarter worth about $63,000. KBC Group NV grew its position in National Health Investors by 61.4% during the 4th quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust's stock worth $140,000 after acquiring an additional 768 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. bought a new position in shares of National Health Investors in the third quarter worth approximately $210,000. Hedge funds and other institutional investors own 62.51% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NHI. Truist Financial increased 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 issued a $88.00 price target on shares of National Health Investors in a research note 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $85.50.

National Health Investors Stock Performance

NYSE NHI traded up $0.13 during trading hours on Friday, hitting $75.44. 270,950 shares of the company's stock traded hands, compared to its average volume of 220,202. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. National Health Investors, Inc. has a 52 week low of $61.20 and a 52 week high of $86.13. The firm has a market capitalization of $3.52 billion, a P/E ratio of 25.93, a P/E/G ratio of 4.42 and a beta of 0.79. The business's fifty day moving average price is $72.36 and its two-hundred day moving average price is $72.97.

National Health Investors (NYSE:NHI - Get Free Report) last posted 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 firm had revenue of $85.75 million during 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%. Equities research analysts predict that National Health Investors, Inc. will post 4.41 EPS 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. Stockholders of record on Monday, March 31st will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Monday, March 31st. 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.