Cibc World Markets Corp Buys Shares of 3,916 National Health Investors, Inc. (NYSE:NHI)

Cibc World Markets Corp purchased a new position in shares of National Health Investors, Inc. (NYSE:NHI) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,916 shares of the real estate investment trust’s stock, valued at approximately $271,000.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in National Health Investors during the 3rd quarter worth about $27,000. Point72 DIFC Ltd acquired a new stake in shares of National Health Investors during the third quarter worth about $35,000. Loomis Sayles & Co. L P acquired a new stake in shares of National Health Investors during the third quarter worth about $38,000. Jones Financial Companies Lllp boosted its stake in shares of National Health Investors by 781.2% in the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 789 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of National Health Investors in the fourth quarter valued at approximately $63,000. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Stock Down 1.3 %

Shares of National Health Investors stock opened at $73.74 on Wednesday. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. National Health Investors, Inc. has a 52-week low of $57.80 and a 52-week high of $86.13. The company has a market capitalization of $3.37 billion, a P/E ratio of 25.34, a P/E/G ratio of 4.42 and a beta of 1.08. The company has a 50 day moving average of $70.64 and a 200 day moving average of $74.41.

National Health Investors (NYSE:NHI) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $85.75 million during the quarter, compared to analysts’ expectations of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. As a group, research analysts forecast that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.88%. National Health Investors’s payout ratio is currently 115.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NHI shares. Wedbush reissued an “outperform” rating and issued a $88.00 price target on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial increased their price objective on National Health Investors from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.