National Health Investors, Inc. (NYSE:NHI) Position Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its holdings in National Health Investors, Inc. (NYSE:NHI) by 6.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,979 shares of the real estate investment trust’s stock after buying an additional 238 shares during the quarter. PNC Financial Services Group Inc.’s holdings in National Health Investors were worth $222,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Baystate Wealth Management LLC bought a new position in National Health Investors in the fourth quarter worth about $39,000. Sound Income Strategies LLC lifted its holdings in shares of National Health Investors by 33.5% in the 4th quarter. Sound Income Strategies LLC now owns 916 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 230 shares during the last quarter. Central Valley Advisors LLC acquired a new position in National Health Investors during the 4th quarter valued at approximately $289,000. Van ECK Associates Corp grew its stake in National Health Investors by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 5,851 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 962 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in National Health Investors in the fourth quarter worth $340,000. 62.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at National Health Investors

In related news, Director Robert A. Mccabe, Jr. acquired 437 shares of National Health Investors stock in a transaction dated Friday, May 31st. The stock was acquired at an average cost of $65.83 per share, with a total value of $28,767.71. Following the purchase, the director now directly owns 21,585 shares in the company, valued at approximately $1,420,940.55. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.21% of the stock is owned by corporate insiders.

National Health Investors Stock Performance

NYSE:NHI opened at $68.36 on Wednesday. The company has a 50-day moving average of $65.71 and a 200-day moving average of $60.19. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 22.41 and a beta of 1.02. The company has a current ratio of 13.24, a quick ratio of 13.24 and a debt-to-equity ratio of 0.91. National Health Investors, Inc. has a twelve month low of $48.51 and a twelve month high of $68.46.

National Health Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 28th will be given a $0.90 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.60 annualized dividend and a yield of 5.27%. National Health Investors’s dividend payout ratio (DPR) is 118.03%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NHI. Wedbush upped their price target on shares of National Health Investors from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Truist Financial lifted their price target on National Health Investors from $58.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Wells Fargo & Company increased their price objective on National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. BMO Capital Markets raised National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 target price on the stock in a research note on Tuesday, March 12th. Finally, StockNews.com cut National Health Investors from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.13.

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.