Vestcor Inc trimmed its holdings in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 42.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,406 shares of the real estate investment trust's stock after selling 16,819 shares during the period. Vestcor Inc's holdings in National Health Investors were worth $1,553,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 8,540 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of National Health Investors by 2.9% during the fourth 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 purchasing 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 fourth quarter. Bank of New York Mellon Corp now owns 557,420 shares of the real estate investment trust's stock valued at $38,629,000 after purchasing an additional 53,705 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of National Health Investors by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 463,403 shares of the real estate investment trust's stock valued at $32,114,000 after purchasing an additional 2,279 shares during the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NHI has been the subject of several recent research reports. Wedbush reiterated an "outperform" rating and set a $88.00 target price on shares of National Health Investors in a report on Monday. 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 report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $85.50.
View Our Latest Stock Analysis on NHI
National Health Investors Stock Performance
Shares of NHI stock traded down $0.49 during mid-day trading on Wednesday, reaching $75.58. 168,118 shares of the company's stock traded hands, compared to its average volume of 200,634. National Health Investors, Inc. has a 12 month low of $57.80 and a 12 month high of $86.13. The firm has a 50 day moving average price of $69.92 and a two-hundred day moving average price of $74.67. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The firm has a market capitalization of $3.45 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08.
National Health Investors (NYSE:NHI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.03. The firm had revenue of $85.75 million during the quarter, compared to the consensus estimate 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 forecast that National Health Investors, Inc. will post 4.41 EPS for the current year.
National Health Investors Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors's dividend payout ratio is currently 115.38%.
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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