Geode Capital Management LLC Buys 8,540 Shares of National Health Investors, Inc. (NYSE:NHI)

Geode Capital Management LLC raised its stake in National Health Investors, Inc. (NYSE:NHI) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,094,570 shares of the real estate investment trust’s stock after acquiring an additional 8,540 shares during the period. Geode Capital Management LLC’s holdings in National Health Investors were worth $92,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NHI. Zimmer Partners LP bought a new stake in shares of National Health Investors during the third quarter valued at approximately $25,218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in National Health Investors by 332.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 242,326 shares of the real estate investment trust’s stock valued at $20,370,000 after purchasing an additional 186,238 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of National Health Investors by 17.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust’s stock worth $71,651,000 after purchasing an additional 123,596 shares in the last quarter. Waterfront Capital Partners LLC purchased a new position in shares of National Health Investors in the third quarter worth $10,097,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of National Health Investors during the second quarter valued at $5,089,000. 62.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NHI. StockNews.com downgraded National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Truist Financial lifted their price target on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company downgraded shares of National Health Investors from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $81.00 to $86.00 in a research report on Tuesday, October 1st. Finally, Bank of America began coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 target price for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.33.

National Health Investors Stock Down 0.1 %

NHI opened at $68.84 on Friday. National Health Investors, Inc. has a 1-year low of $51.59 and a 1-year high of $86.13. The firm’s 50 day simple moving average is $76.18 and its two-hundred day simple moving average is $75.52. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $3.13 billion, a PE ratio of 23.66, a PEG ratio of 4.86 and a beta of 1.04.

National Health Investors (NYSE:NHI) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). The company had revenue of $63.32 million during the quarter, compared to the consensus estimate of $67.93 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. National Health Investors’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, equities analysts forecast that National Health Investors, Inc. will post 4.42 EPS for the current year.

National Health Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.90 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.23%. National Health Investors’s dividend payout ratio (DPR) is presently 123.71%.

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.