610,700 Shares in National Health Investors, Inc. (NYSE:NHI) Purchased by Norges Bank

Norges Bank bought a new stake in National Health Investors, Inc. (NYSE:NHI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 610,700 shares of the real estate investment trust’s stock, valued at approximately $42,322,000. Norges Bank owned about 1.34% of National Health Investors as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Easterly Investment Partners LLC lifted its stake in National Health Investors by 32.9% in the fourth quarter. Easterly Investment Partners LLC now owns 89,047 shares of the real estate investment trust’s stock valued at $6,171,000 after purchasing an additional 22,047 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of National Health Investors by 42.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 189 shares during the period. JPMorgan Chase & Co. increased its holdings in National Health Investors by 8.2% in the 4th quarter. JPMorgan Chase & Co. now owns 162,148 shares of the real estate investment trust’s stock worth $11,237,000 after acquiring an additional 12,252 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in National Health Investors by 6.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 29,795 shares of the real estate investment trust’s stock valued at $2,062,000 after acquiring an additional 1,888 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in National Health Investors by 13.0% during the fourth quarter. Prudential Financial Inc. now owns 476,371 shares of the real estate investment trust’s stock valued at $33,013,000 after purchasing an additional 54,936 shares during the last quarter. 62.51% of the stock is owned by institutional investors.

National Health Investors Price Performance

NHI stock opened at $71.44 on Friday. The firm has a 50 day moving average of $71.36 and a 200-day moving average of $73.98. The firm has a market capitalization of $3.26 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79. National Health Investors, Inc. has a 12 month low of $57.80 and a 12 month high of $86.13. 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 (NYSE:NHI) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 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 firm had revenue of $85.75 million during the quarter, compared to the consensus estimate of $81.13 million. As a group, sell-side analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 annualized dividend and a dividend yield of 5.04%. National Health Investors’s payout ratio is currently 115.38%.

Analyst Ratings Changes

Several analysts have recently issued reports on NHI shares. Truist Financial boosted their price target on shares of National Health Investors from $70.00 to $76.00 and gave the company 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 research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, National Health Investors presently has an average rating of “Hold” and an average target price of $85.50.

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.