Victory Capital Management Inc. Buys 18,214 Shares of National Health Investors, Inc. (NYSE:NHI)

Victory Capital Management Inc. raised its stake in National Health Investors, Inc. (NYSE:NHI) by 334.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,666 shares of the real estate investment trust’s stock after acquiring an additional 18,214 shares during the period. Victory Capital Management Inc.’s holdings in National Health Investors were worth $1,603,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Private Advisor Group LLC bought a new stake in National Health Investors during the 4th quarter valued at $340,000. Janney Montgomery Scott LLC grew its stake in shares of National Health Investors by 0.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,707 shares of the real estate investment trust’s stock worth $1,324,000 after purchasing an additional 200 shares during the last quarter. Norges Bank purchased a new position in National Health Investors during the 4th quarter valued at about $25,448,000. Central Valley Advisors LLC bought a new position in National Health Investors during the 4th quarter valued at approximately $289,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in National Health Investors by 4.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 49,500 shares of the real estate investment trust’s stock worth $2,765,000 after buying an additional 1,960 shares during the period. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com raised National Health Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Truist Financial upped their price objective on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company lifted their price objective on National Health Investors from $63.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.75.

National Health Investors Stock Performance

Shares of NHI stock opened at $85.15 on Thursday. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.91. National Health Investors, Inc. has a 52 week low of $48.51 and a 52 week high of $86.13. The firm has a market capitalization of $3.70 billion, a PE ratio of 28.03, a P/E/G ratio of 8.67 and a beta of 1.03. The company has a 50 day moving average price of $76.93 and a 200-day moving average price of $68.35.

National Health Investors (NYSE:NHI) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). The business had revenue of $84.97 million during the quarter, compared to the consensus estimate of $64.95 million. National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. National Health Investors’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $1.06 EPS. As a group, equities research analysts expect that National Health Investors, Inc. will post 4.55 earnings per share for the current year.

National Health Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be paid a $0.90 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.60 annualized dividend and a dividend yield of 4.23%. National Health Investors’s dividend payout ratio (DPR) is 118.03%.

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.