National Health Investors (NYSE:NHI) Reaches New 12-Month High at $63.06

Shares of National Health Investors, Inc. (NYSE:NHI) hit a new 52-week high on Tuesday . The stock traded as high as $63.06 and last traded at $62.85, with a volume of 15811 shares traded. The stock had previously closed at $62.32.

Analysts Set New Price Targets

Several research analysts have weighed in on NHI shares. Wells Fargo & Company raised shares of National Health Investors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $55.00 to $63.00 in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of National Health Investors in a research note on Tuesday, January 30th. They set a “buy” rating and a $69.00 target price for the company. Wedbush raised their price objective on shares of National Health Investors from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Finally, Truist Financial raised their price objective on shares of National Health Investors from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.50.

National Health Investors Trading Up 0.8 %

The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.90. The business’s fifty day simple moving average is $58.97 and its two-hundred day simple moving average is $55.43. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 19.92 and a beta of 0.95.

National Health Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.60 dividend on an annualized basis and a yield of 5.73%. National Health Investors’s payout ratio is currently 115.02%.

Insiders Place Their Bets

In related news, Director Charlotte A. Swafford acquired 10,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $58.69 per share, with a total value of $586,900.00. Following the completion of the acquisition, the director now owns 110,185 shares in the company, valued at $6,466,757.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National Health Investors

Institutional investors have recently modified their holdings of the business. Compass Wealth Management LLC acquired a new position in shares of National Health Investors in the 1st quarter valued at $30,000. Baystate Wealth Management LLC purchased a new position in National Health Investors in the 4th quarter valued at $39,000. Sound Income Strategies LLC grew its position in National Health Investors by 33.5% in the 4th quarter. Sound Income Strategies LLC now owns 916 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 230 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in National Health Investors by 66.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 1,033 shares during the last quarter. Finally, EMC Capital Management grew its position in National Health Investors by 86.5% in the 3rd quarter. EMC Capital Management now owns 3,357 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 1,557 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Company Profile

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.