National Health Investors, Inc. (NYSE:NHI) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. lifted its stake in National Health Investors, Inc. (NYSE:NHI) by 13.0% in the fourth quarter, HoldingsChannel reports. The fund owned 476,371 shares of the real estate investment trust’s stock after purchasing an additional 54,936 shares during the quarter. Prudential Financial Inc.’s holdings in National Health Investors were worth $33,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NHI. Quarry LP bought a new stake in National Health Investors during the third quarter worth approximately $27,000. Point72 DIFC Ltd bought a new stake in shares of National Health Investors in the 3rd quarter worth $35,000. Loomis Sayles & Co. L P acquired a new stake in shares of National Health Investors in the third quarter valued at $38,000. Jones Financial Companies Lllp lifted its holdings in shares of National Health Investors by 781.2% in 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. Finally, Venturi Wealth Management LLC bought a new position in National Health Investors during the fourth quarter valued at about $63,000. 62.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NHI has been the topic of several research reports. Truist Financial boosted their price target on shares of National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, March 19th. Wedbush restated an “outperform” rating and set a $88.00 target price on shares of National Health Investors in a report on Monday, March 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.50.

National Health Investors Price Performance

NYSE NHI opened at $73.74 on Wednesday. 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 1 year low of $57.80 and a 1 year high of $86.13. The company has a market cap of $3.37 billion, a PE ratio of 25.34, a PEG ratio of 4.42 and a beta of 1.08. The stock’s 50-day moving average price is $70.64 and its two-hundred day moving average price is $74.41.

National Health Investors (NYSE:NHI) last released its quarterly earnings results 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. 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 analyst estimates of $81.13 million. On average, analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.88%. National Health Investors’s dividend payout ratio is 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.