Pinnacle Financial Partners Inc Boosts Position in National Health Investors, Inc. (NYSE:NHI)

Pinnacle Financial Partners Inc boosted its position in National Health Investors, Inc. (NYSE:NHI) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,488 shares of the real estate investment trust’s stock after purchasing an additional 3,546 shares during the period. Pinnacle Financial Partners Inc owned about 0.11% of National Health Investors worth $4,160,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of National Health Investors by 3.1% in the 3rd quarter. Victory Capital Management Inc. now owns 24,405 shares of the real estate investment trust’s stock worth $2,051,000 after purchasing an additional 739 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of National Health Investors in the third quarter worth about $2,017,000. Covestor Ltd lifted its position in shares of National Health Investors by 2,700.0% during the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 405 shares in the last quarter. Assetmark Inc. grew its stake in shares of National Health Investors by 27.8% during the 3rd quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 141 shares during the period. Finally, Easterly Investment Partners LLC purchased a new stake in National Health Investors in the 3rd quarter worth approximately $5,632,000. 62.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NHI has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered shares of National Health Investors from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $81.00 to $86.00 in a research report on Tuesday, October 1st. Bank of America started coverage on National Health Investors in a research report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price objective on the stock. Truist Financial increased their target price on National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.29.

National Health Investors Trading Down 2.6 %

NHI stock opened at $78.21 on Thursday. The firm has a market cap of $3.55 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 5.36 and a beta of 1.05. The firm has a fifty day moving average price of $80.28 and a 200 day moving average price of $73.77. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors, Inc. has a fifty-two week low of $51.59 and a fifty-two week high of $86.13.

National Health Investors (NYSE:NHI) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.42). The business had revenue of $63.32 million for the quarter, compared to analysts’ expectations of $67.93 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. Sell-side analysts anticipate that National Health Investors, Inc. will post 4.42 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Tuesday, December 31st. National Health Investors’s dividend payout ratio is currently 123.71%.

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.