Bank of America Corp DE lessened its holdings in National Health Investors, Inc. (NYSE:NHI – Get Rating) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 772,664 shares of the real estate investment trust’s stock after selling 27,624 shares during the period. Bank of America Corp DE owned approximately 1.78% of National Health Investors worth $40,348,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of NHI. Vanguard Group Inc. boosted its position in shares of National Health Investors by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,404,110 shares of the real estate investment trust’s stock worth $377,907,000 after purchasing an additional 60,990 shares in the last quarter. State Street Corp boosted its holdings in National Health Investors by 0.3% in the 2nd quarter. State Street Corp now owns 2,191,956 shares of the real estate investment trust’s stock valued at $134,749,000 after purchasing an additional 5,762 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of National Health Investors by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 638,656 shares of the real estate investment trust’s stock worth $37,688,000 after purchasing an additional 26,611 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of National Health Investors by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 615,062 shares of the real estate investment trust’s stock worth $34,769,000 after purchasing an additional 3,543 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of National Health Investors by 2.5% during the 1st quarter. Invesco Ltd. now owns 360,983 shares of the real estate investment trust’s stock worth $21,301,000 after acquiring an additional 8,785 shares in the last quarter. Institutional investors and hedge funds own 62.44% of the company’s stock.
Wall Street Analyst Weigh In
NHI has been the subject of several analyst reports. Wells Fargo & Company started coverage on shares of National Health Investors in a research note on Wednesday, April 19th. They set an “equal weight” rating and a $52.00 price target for the company. Credit Suisse Group reduced their price objective on shares of National Health Investors from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, March 29th. Finally, StockNews.com began coverage on shares of National Health Investors in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.25.
National Health Investors Stock Performance
Shares of NHI stock opened at $53.50 on Friday. The company’s 50-day moving average is $51.10 and its 200 day moving average is $53.48. The company has a debt-to-equity ratio of 0.92, a quick ratio of 12.71 and a current ratio of 12.71. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 25.72 and a beta of 0.90. National Health Investors, Inc. has a one year low of $47.54 and a one year high of $67.16.
National Health Investors Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date of this dividend is Thursday, June 29th. National Health Investors’s payout ratio is 173.08%.
About National Health Investors
National Health Investors, Inc engages in the sale-leaseback, joint-venture, mortgage, and mezzanine financing of senior housing and medical investments. It operates through the Real Estate Investments and Senior Housing Operating Portfolio (SHOP) segments. The Real Estate Investments segment includes real estate investments and lease, mortgage, and other notes receivables in independent living facilities.
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