Vanguard Group Inc. Acquires 102,012 Shares of National Health Investors, Inc. (NYSE:NHI)

Vanguard Group Inc. lifted its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,423,210 shares of the real estate investment trust's stock after purchasing an additional 102,012 shares during the period. Vanguard Group Inc. owned 14.14% of National Health Investors worth $445,128,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quarry LP purchased a new position in National Health Investors during the third quarter valued at $27,000. Point72 DIFC Ltd purchased a new stake in National Health Investors in the third quarter worth about $35,000. Jones Financial Companies Lllp lifted its holdings in shares of 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 purchasing an additional 789 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of National Health Investors in the 4th quarter worth approximately $63,000. Finally, KBC Group NV grew its stake in shares of National Health Investors by 61.4% in the 4th quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust's stock worth $140,000 after buying an additional 768 shares during the last quarter. Institutional investors own 62.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial lifted their price objective on National Health Investors from $70.00 to $76.00 and gave the company a "hold" rating in a research note on Wednesday, March 19th. Wedbush reissued an "outperform" rating and set a $88.00 price objective on shares of National Health Investors in a research report on Monday, March 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $85.50.

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National Health Investors Stock Down 3.3 %

Shares of NHI stock traded down $2.44 during mid-day trading on Friday, hitting $71.44. The company's stock had a trading volume of 236,755 shares, compared to its average volume of 216,040. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 4.42 and a beta of 0.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors, Inc. has a 52-week low of $57.80 and a 52-week high of $86.13. The business has a 50-day moving average price of $71.36 and a 200 day moving average price of $73.83.

National Health Investors (NYSE:NHI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating 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 business had revenue of $85.75 million for the quarter, compared to analysts' expectations of $81.13 million. Research analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

The business also recently announced 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 5.04%. The ex-dividend date is Monday, March 31st. National Health Investors's dividend payout ratio (DPR) is presently 115.38%.

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.