National Health Investors, Inc. (NYSE:NHI – Get Free Report) has received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $62.13.
Several research analysts recently commented on NHI shares. Wells Fargo & Company boosted their price objective on shares of National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Truist Financial boosted their target price on National Health Investors from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th.
Check Out Our Latest Research Report on National Health Investors
National Health Investors Stock Performance
National Health Investors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 28th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.60 annualized dividend and a yield of 4.91%. National Health Investors’s payout ratio is presently 118.03%.
Insider Transactions at National Health Investors
In other news, Director Robert A. Mccabe, Jr. bought 437 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average price of $65.83 per share, for a total transaction of $28,767.71. Following the completion of the transaction, the director now directly owns 21,585 shares in the company, valued at $1,420,940.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.26% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in National Health Investors during the 4th quarter worth about $25,448,000. Waterfront Capital Partners LLC acquired a new position in National Health Investors in the fourth quarter valued at approximately $21,863,000. Land & Buildings Investment Management LLC boosted its position in National Health Investors by 81.8% in the 4th quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock worth $23,013,000 after purchasing an additional 185,377 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of National Health Investors by 21,963.3% during the 2nd quarter. Sound Income Strategies LLC now owns 153,119 shares of the real estate investment trust’s stock worth $10,371,000 after purchasing an additional 152,425 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of National Health Investors by 8.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,870,632 shares of the real estate investment trust’s stock worth $104,475,000 after purchasing an additional 146,735 shares during the period. Hedge funds and other institutional investors own 62.51% of the company’s stock.
About National Health Investors
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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