Sterling Capital Management LLC Increases Position in National Health Investors, Inc. (NYSE:NHI)

Sterling Capital Management LLC increased its position in shares of National Health Investors, Inc. (NYSE:NHI) by 61.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,099 shares of the real estate investment trust’s stock after purchasing an additional 1,175 shares during the period. Sterling Capital Management LLC’s holdings in National Health Investors were worth $215,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in National Health Investors by 21.8% during the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in National Health Investors by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock valued at $60,765,000 after acquiring an additional 24,462 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of National Health Investors by 9.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 60,130 shares of the real estate investment trust’s stock worth $4,167,000 after purchasing an additional 5,290 shares during the last quarter. Centersquare Investment Management LLC increased its position in shares of National Health Investors by 35.9% during the fourth quarter. Centersquare Investment Management LLC now owns 394,433 shares of the real estate investment trust’s stock worth $27,334,000 after purchasing an additional 104,186 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in shares of National Health Investors by 252.2% in the 4th quarter. AlphaQuest LLC now owns 9,640 shares of the real estate investment trust’s stock valued at $668,000 after purchasing an additional 6,903 shares during the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

National Health Investors Stock Performance

Shares of NHI stock opened at $75.44 on Monday. The stock’s 50-day moving average price is $72.36 and its 200 day moving average price is $72.97. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $3.52 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 4.42 and a beta of 0.79. National Health Investors, Inc. has a 52-week low of $61.20 and a 52-week high of $86.13.

National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $81.13 million. As a group, equities research analysts forecast that National Health Investors, Inc. will post 4.41 EPS for the current year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Monday, March 31st. National Health Investors’s dividend payout ratio (DPR) is presently 115.38%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wedbush restated an “outperform” rating and set a $88.00 price target on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial raised their target price on shares of 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, National Health Investors presently has a consensus rating of “Hold” and an average price target of $85.50.

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.