Allspring Global Investments Holdings LLC Grows Stock Holdings in National Health Investors, Inc. (NYSE:NHI)

Allspring Global Investments Holdings LLC raised its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 66.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,594 shares of the real estate investment trust’s stock after buying an additional 1,033 shares during the period. Allspring Global Investments Holdings LLC’s holdings in National Health Investors were worth $163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Compass Wealth Management LLC purchased a new stake in National Health Investors during the first quarter valued at approximately $30,000. Baystate Wealth Management LLC purchased a new stake in National Health Investors during the fourth quarter valued at approximately $39,000. Sound Income Strategies LLC increased its holdings in National Health Investors by 33.5% during the fourth quarter. Sound Income Strategies LLC now owns 916 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 230 shares during the last quarter. Albert D Mason Inc. purchased a new stake in National Health Investors during the first quarter valued at approximately $213,000. Finally, PNC Financial Services Group Inc. increased its holdings in National Health Investors by 6.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,979 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 238 shares during the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robert A. Mccabe, Jr. bought 437 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average price of $65.83 per share, for a total transaction of $28,767.71. Following the completion of the transaction, the director now owns 21,585 shares in the company, valued at $1,420,940.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.21% of the stock is owned by company insiders.

National Health Investors Price Performance

Shares of NYSE:NHI opened at $71.98 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 13.24 and a current ratio of 13.24. The firm has a fifty day moving average price of $66.60 and a 200 day moving average price of $60.76. National Health Investors, Inc. has a fifty-two week low of $48.51 and a fifty-two week high of $72.95. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 23.60 and a beta of 1.02.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 28th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.00%. National Health Investors’s dividend payout ratio is 118.03%.

Wall Street Analyst Weigh In

A number of analysts have commented on NHI shares. Wedbush upped their target price on shares of National Health Investors from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, March 18th. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Truist Financial upped their price target on shares of National Health Investors from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Finally, Wells Fargo & Company upped their price target on shares of National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.