National Health Investors, Inc. $NHI Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 2.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 686,249 shares of the real estate investment trust’s stock after acquiring an additional 18,164 shares during the period. Dimensional Fund Advisors LP’s holdings in National Health Investors were worth $55,493,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp raised its position in shares of National Health Investors by 5.0% in the second quarter. State Street Corp now owns 2,023,381 shares of the real estate investment trust’s stock worth $143,651,000 after acquiring an additional 95,812 shares during the period. Principal Financial Group Inc. raised its stake in National Health Investors by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,700,908 shares of the real estate investment trust’s stock valued at $137,537,000 after purchasing an additional 32,902 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of National Health Investors by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 1,262,657 shares of the real estate investment trust’s stock worth $96,443,000 after buying an additional 18,198 shares in the last quarter. Centersquare Investment Management LLC boosted its position in National Health Investors by 17.0% during the fourth quarter. Centersquare Investment Management LLC now owns 1,154,060 shares of the real estate investment trust’s stock worth $88,136,000 after acquiring an additional 167,352 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in National Health Investors by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 817,085 shares of the real estate investment trust’s stock worth $62,401,000 after acquiring an additional 26,558 shares during the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NHI. Weiss Ratings downgraded shares of National Health Investors from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Truist Financial lowered their target price on National Health Investors from $89.00 to $81.00 and set a “buy” rating on the stock in a report on Friday, June 12th. BMO Capital Markets dropped their price target on National Health Investors from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, June 15th. Zacks Research lowered National Health Investors from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company cut their price target on National Health Investors from $84.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.86.

National Health Investors Price Performance

Shares of NHI stock opened at $76.81 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 8.20 and a quick ratio of 8.20. The company has a market capitalization of $3.72 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 3.44 and a beta of 0.51. The firm’s 50-day moving average is $75.13 and its two-hundred day moving average is $79.74. National Health Investors, Inc. has a 12 month low of $67.94 and a 12 month high of $91.38.

National Health Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.92 per share. The ex-dividend date is Tuesday, June 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.8%. National Health Investors’s dividend payout ratio (DPR) is currently 118.71%.

Insider Activity at National Health Investors

In other National Health Investors news, Director Robert A. Mccabe, Jr. acquired 890 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $71.65 per share, for a total transaction of $63,768.50. Following the completion of the transaction, the director owned 44,159 shares of the company’s stock, valued at approximately $3,163,992.35. The trade was a 2.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO D. Eric Mendelsohn bought 1,500 shares of the business’s stock in a transaction on Friday, June 5th. The shares were acquired at an average cost of $68.84 per share, with a total value of $103,260.00. Following the purchase, the chief executive officer owned 133,316 shares of the company’s stock, valued at $9,177,473.44. The trade was a 1.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.70% of the stock is currently owned by insiders.

National Health Investors Profile

National Health Investors, Inc (NYSE: NHI) is a specialized real estate investment trust (REIT) focused on owning and financing high-quality healthcare and senior housing facilities in the United States. The company’s portfolio encompasses a diverse range of properties, including skilled nursing centers, assisted living and memory care communities, behavioral health facilities, dialysis clinics, and medical office buildings. NHI typically enters into long-term net-lease agreements with experienced healthcare operators, providing stable and predictable rental income streams while enabling its tenants to concentrate on delivering quality care.

Since its founding in 1991 and initial public offering later that year, National Health Investors has pursued a disciplined growth strategy centered on strategic acquisitions, joint ventures, and selective development.