abrdn plc lifted its position in shares of National Health Investors, Inc. (NYSE:NHI – Get Rating) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,707 shares of the real estate investment trust’s stock after acquiring an additional 305 shares during the quarter. abrdn plc’s holdings in National Health Investors were worth $577,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in shares of National Health Investors by 7.4% during the fourth quarter. State Street Corp now owns 1,886,457 shares of the real estate investment trust’s stock worth $110,094,000 after purchasing an additional 130,364 shares during the period. Lasalle Investment Management Securities LLC grew its stake in shares of National Health Investors by 66.4% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 941,562 shares of the real estate investment trust’s stock worth $54,112,000 after purchasing an additional 375,566 shares during the period. Geode Capital Management LLC grew its stake in shares of National Health Investors by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 903,766 shares of the real estate investment trust’s stock worth $51,939,000 after purchasing an additional 54,207 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of National Health Investors by 16.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 856,488 shares of the real estate investment trust’s stock worth $50,541,000 after purchasing an additional 123,298 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of National Health Investors by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 612,045 shares of the real estate investment trust’s stock worth $35,175,000 after purchasing an additional 2,113 shares during the period. Institutional investors own 63.53% of the company’s stock.
Analyst Upgrades and Downgrades
NHI has been the subject of a number of analyst reports. Capital One Financial initiated coverage on National Health Investors in a research note on Friday, June 3rd. They set an “overweight” rating and a $64.00 price objective for the company. BMO Capital Markets cut National Health Investors from an “outperform” rating to a “market perform” rating and set a $62.00 target price for the company. in a research note on Tuesday, June 21st. Finally, Credit Suisse Group initiated coverage on National Health Investors in a research note on Wednesday, June 22nd. They issued an “underperform” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, National Health Investors currently has an average rating of “Hold” and a consensus target price of $60.25.
National Health Investors Stock Down 1.3 %
National Health Investors (NYSE:NHI – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.45). The firm had revenue of $71.33 million for the quarter, compared to analyst estimates of $73.06 million. National Health Investors had a return on equity of 5.55% and a net margin of 29.35%. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.24 earnings per share. On average, sell-side analysts anticipate that National Health Investors, Inc. will post 4.5 earnings per share for the current fiscal year.
National Health Investors Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 5th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.90 per share. The ex-dividend date is Wednesday, June 29th. This represents a $3.60 annualized dividend and a dividend yield of 5.62%. National Health Investors’s dividend payout ratio is currently 195.65%.
National Health Investors Profile
Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.
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