Truist Financial Corp Invests $506,000 in National Health Investors, Inc. (NYSE:NHI)

Truist Financial Corp acquired a new position in shares of National Health Investors, Inc. (NYSE:NHIGet Rating) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,942 shares of the real estate investment trust’s stock, valued at approximately $506,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NHI. EverSource Wealth Advisors LLC boosted its position in National Health Investors by 1,177.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 412 shares during the period. Quadrant Capital Group LLC boosted its position in National Health Investors by 79.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 470 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 208 shares during the period. Assetmark Inc. boosted its position in National Health Investors by 400.0% during the 2nd quarter. Assetmark Inc. now owns 500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 400 shares during the period. Financial Advantage Inc. purchased a new stake in National Health Investors during the 3rd quarter worth $56,000. Finally, North Star Investment Management Corp. boosted its position in National Health Investors by 21.1% during the 2nd quarter. North Star Investment Management Corp. now owns 1,150 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 200 shares during the period. 62.44% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Stock Performance

NYSE:NHI opened at $57.02 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 13.82 and a quick ratio of 13.83. The firm has a 50-day moving average of $54.74 and a two-hundred day moving average of $58.36. The stock has a market cap of $2.47 billion, a P/E ratio of 36.32 and a beta of 0.85. National Health Investors, Inc. has a 1-year low of $50.22 and a 1-year high of $67.16.

National Health Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, December 30th will be given a $0.90 dividend. The ex-dividend date is Thursday, December 29th. This represents a $3.60 dividend on an annualized basis and a yield of 6.31%. National Health Investors’s payout ratio is currently 229.30%.

Insider Buying and Selling at National Health Investors

In related news, Director Robert G. Adams purchased 1,000 shares of National Health Investors stock in a transaction dated Wednesday, December 14th. The shares were acquired at an average price of $56.60 per share, with a total value of $56,600.00. Following the completion of the transaction, the director now owns 180,548 shares of the company’s stock, valued at approximately $10,219,016.80. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 7.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NHI. Credit Suisse Group raised shares of National Health Investors from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $47.00 to $58.00 in a research report on Friday, December 9th. StockNews.com cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Friday, January 6th. Finally, Truist Financial decreased their price objective on shares of National Health Investors from $64.00 to $61.00 and set a “hold” rating for the company in a research report on Monday, September 26th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $61.25.

National Health Investors Company Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding NHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Health Investors, Inc. (NYSE:NHIGet Rating).

Institutional Ownership by Quarter for National Health Investors (NYSE:NHI)

Receive News & Ratings for National Health Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Health Investors and related companies with MarketBeat.com's FREE daily email newsletter.