Northern Trust Corp Boosts Stake in National Health Investors, Inc. (NYSE:NHI)

Northern Trust Corp increased its position in National Health Investors, Inc. (NYSE:NHI) by 19.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 613,791 shares of the real estate investment trust’s stock after buying an additional 101,808 shares during the period. Northern Trust Corp’s holdings in National Health Investors were worth $42,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of National Health Investors by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 6,423,210 shares of the real estate investment trust’s stock worth $445,128,000 after purchasing an additional 102,012 shares during the last quarter. Principal Financial Group Inc. raised its position in National Health Investors by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock worth $114,242,000 after buying an additional 82,825 shares during the last quarter. Geode Capital Management LLC lifted its stake in National Health Investors by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,113,771 shares of the real estate investment trust’s stock valued at $77,201,000 after acquiring an additional 19,201 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in National Health Investors by 2.9% during the 4th 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 acquiring an additional 24,462 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of National Health Investors by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 634,430 shares of the real estate investment trust’s stock valued at $43,966,000 after acquiring an additional 20,631 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Price Performance

NYSE:NHI opened at $76.01 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. The company has a 50 day moving average price of $74.03 and a 200-day moving average price of $72.78. National Health Investors, Inc. has a 1-year low of $63.91 and a 1-year high of $86.13. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78.

National Health Investors (NYSE:NHI) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The company had revenue of $68.87 million during the quarter, compared to analysts’ expectations of $85.13 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts forecast that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a dividend of $0.90 per share. The ex-dividend date is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a yield of 4.74%. National Health Investors’s dividend payout ratio is currently 114.29%.

Analyst Upgrades and Downgrades

NHI has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and set a $88.00 target price on shares of National Health Investors in a report on Monday, March 17th. 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. Three investment 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 has a consensus rating of “Hold” and a consensus target price of $85.50.

National Health Investors Company 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.