PNC Financial Services Group Inc. Has $253,000 Stock Position in National Health Investors, Inc. (NYSE:NHI)

PNC Financial Services Group Inc. reduced its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 12.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,651 shares of the real estate investment trust’s stock after selling 510 shares during the period. PNC Financial Services Group Inc.’s holdings in National Health Investors were worth $253,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Aviance Capital Partners LLC grew its holdings in shares of National Health Investors by 14.3% during the 4th quarter. Aviance Capital Partners LLC now owns 4,330 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 542 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of National Health Investors during the 4th quarter worth $2,219,000. Arizona State Retirement System grew its holdings in shares of National Health Investors by 7.3% during the 4th quarter. Arizona State Retirement System now owns 13,412 shares of the real estate investment trust’s stock worth $929,000 after purchasing an additional 908 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of National Health Investors by 21.8% during the 4th quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust’s stock worth $2,060,000 after purchasing an additional 5,318 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of National Health Investors by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock worth $60,765,000 after buying an additional 24,462 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Price Performance

National Health Investors stock opened at $73.47 on Friday. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $3.36 billion, a PE ratio of 25.25, a P/E/G ratio of 4.42 and a beta of 1.08. National Health Investors, Inc. has a 12 month low of $57.80 and a 12 month high of $86.13. The stock has a 50-day moving average price of $70.37 and a two-hundred day moving average price of $74.58.

National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $85.75 million during the quarter, compared to the consensus estimate of $81.13 million. Analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current 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 given a dividend of $0.90 per share. The ex-dividend date is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.90%. National Health Investors’s dividend payout ratio (DPR) is 115.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NHI. Wedbush restated an “outperform” rating and set a $88.00 price objective on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial upped their price objective on National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.50.

National Health Investors 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.