Zurcher Kantonalbank Zurich Cantonalbank boosted its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 50.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,321 shares of the real estate investment trust's stock after purchasing an additional 7,865 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of National Health Investors worth $1,616,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of NHI. Assetmark Inc. increased its stake in National Health Investors by 27.8% in the 3rd quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 141 shares in the last quarter. Victory Capital Management Inc. increased its position in National Health Investors by 3.1% during the third quarter. Victory Capital Management Inc. now owns 24,405 shares of the real estate investment trust's stock worth $2,051,000 after buying an additional 739 shares in the last quarter. Metis Global Partners LLC increased its position in National Health Investors by 31.2% during the third quarter. Metis Global Partners LLC now owns 4,474 shares of the real estate investment trust's stock worth $376,000 after buying an additional 1,065 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in National Health Investors during the third quarter worth $2,426,000. Finally, Quest Partners LLC purchased a new position in National Health Investors during the third quarter worth $230,000. 62.51% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Wedbush reissued an "outperform" rating and set a $88.00 price target on shares of National Health Investors in a research report on Monday. Truist Financial raised their price target on National Health Investors from $70.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $85.50.
View Our Latest Research Report on NHI
National Health Investors Trading Down 1.7 %
Shares of NYSE:NHI traded down $1.28 during midday trading on Friday, reaching $73.47. The company's stock had a trading volume of 696,481 shares, compared to its average volume of 203,244. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. National Health Investors, Inc. has a 1 year low of $57.80 and a 1 year high of $86.13. The business has a 50 day moving average price of $70.22 and a 200 day moving average price of $74.68.
National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.03. The business 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%. Research analysts forecast that National Health Investors, Inc. will post 4.41 EPS for the current year.
National Health Investors Dividend Announcement
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 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Monday, March 31st. National Health Investors's 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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