7,748 Shares in National Health Investors, Inc. (NYSE:NHI) Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new stake in National Health Investors, Inc. (NYSE:NHI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 7,748 shares of the real estate investment trust’s stock, valued at approximately $537,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Loomis Sayles & Co. L P increased its position in shares of National Health Investors by 42.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 189 shares during the last quarter. State of Alaska Department of Revenue grew its position in National Health Investors by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust’s stock valued at $1,388,000 after buying an additional 196 shares during the period. Pictet Asset Management Holding SA increased its holdings in National Health Investors by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,197 shares of the real estate investment trust’s stock valued at $915,000 after buying an additional 238 shares during the last quarter. Tidal Investments LLC raised its position in National Health Investors by 3.9% in the third quarter. Tidal Investments LLC now owns 6,762 shares of the real estate investment trust’s stock worth $568,000 after acquiring an additional 254 shares during the period. Finally, Xponance Inc. boosted its stake in shares of National Health Investors by 9.5% during the 4th quarter. Xponance Inc. now owns 2,997 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 259 shares during the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NHI has been the subject of several analyst reports. Wedbush restated an “outperform” rating and issued a $88.00 price objective on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial upped their price target on National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, National Health Investors has an average rating of “Hold” and an average target price of $85.50.

National Health Investors Stock Performance

Shares of NYSE NHI opened at $74.13 on Tuesday. The stock has a market cap of $3.46 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79. National Health Investors, Inc. has a 1 year low of $57.95 and a 1 year high of $86.13. The firm has a fifty day moving average price of $71.73 and a 200-day moving average price of $73.18. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The business had revenue of $85.75 million during the quarter, compared to analyst estimates of $81.13 million. Equities analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a yield of 4.86%. National Health Investors’s dividend payout ratio is presently 115.38%.

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.