Zurcher Kantonalbank Zurich Cantonalbank Raises Position in National Health Investors, Inc. (NYSE:NHI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 50.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,321 shares of the real estate investment trust’s stock after purchasing an additional 7,865 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of National Health Investors worth $1,616,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Quarry LP purchased a new position in National Health Investors in the 3rd quarter valued at approximately $27,000. Point72 DIFC Ltd purchased a new position in National Health Investors in the 3rd quarter valued at approximately $35,000. Loomis Sayles & Co. L P purchased a new position in National Health Investors in the 3rd quarter valued at approximately $38,000. Assetmark Inc. grew its stake in National Health Investors by 27.8% in the 3rd quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 141 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in 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 valued at $62,000 after buying an additional 789 shares in the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

National Health Investors Stock Up 0.4 %

NHI opened at $75.41 on Tuesday. The company has a fifty day moving average price of $69.74 and a 200-day moving average price of $74.71. The firm has a market capitalization of $3.45 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08. 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, Inc. has a one year low of $57.80 and a one year high of $86.13.

National Health Investors (NYSE:NHI) last posted its quarterly earnings data 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 net margin of 38.53% and a return on equity of 10.11%. The company had revenue of $85.75 million during the quarter, compared to the consensus estimate of $81.13 million. Equities research analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Monday, March 31st. National Health Investors’s dividend payout ratio is currently 115.38%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NHI. Truist Financial reduced their price objective on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, December 23rd. Wedbush restated an “outperform” rating and set a $88.00 price target on shares of National Health Investors in a research report on Monday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $84.50.

About National Health Investors

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.