National Health Investors, Inc. (NYSE:NHI) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. boosted its stake in National Health Investors, Inc. (NYSE:NHI) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,371 shares of the real estate investment trust’s stock after acquiring an additional 54,936 shares during the period. Prudential Financial Inc. owned 1.05% of National Health Investors worth $33,013,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of National Health Investors in the 3rd quarter worth about $27,000. Point72 DIFC Ltd acquired a new stake in National Health Investors during the third quarter valued at approximately $35,000. Loomis Sayles & Co. L P bought a new position in National Health Investors during the 3rd quarter worth approximately $38,000. Jones Financial Companies Lllp grew its position in shares of National Health Investors by 781.2% in the 4th quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 789 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of National Health Investors in the 4th quarter valued at approximately $63,000. 62.51% of the stock is currently owned by institutional investors.

National Health Investors Stock Performance

NHI stock opened at $73.74 on Wednesday. National Health Investors, Inc. has a 1 year low of $57.80 and a 1 year high of $86.13. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 4.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The stock’s fifty day moving average is $70.64 and its two-hundred day moving average is $74.41.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm had revenue of $85.75 million for the quarter, compared to the consensus estimate of $81.13 million. On average, research analysts predict that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Monday, March 31st. National Health Investors’s dividend payout ratio is currently 115.38%.

Analysts Set New Price Targets

NHI has been the subject of a number of research reports. Truist Financial lifted their price objective on shares of National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, March 19th. Wedbush reaffirmed an “outperform” rating and set a $88.00 price objective on shares of National Health Investors in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.50.

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.