Public Employees Retirement System of Ohio purchased a new stake in National Health Investors, Inc. (NYSE:NHI – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 55,643 shares of the real estate investment trust’s stock, valued at approximately $4,243,000. Public Employees Retirement System of Ohio owned approximately 0.11% of National Health Investors at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in NHI. BlackRock Inc. acquired a new position in shares of National Health Investors during the second quarter worth about $665,997,000. Bank of New York Mellon Corp acquired a new stake in National Health Investors in the second quarter valued at approximately $122,509,000. Bank of America Corp DE purchased a new position in National Health Investors in the second quarter worth approximately $77,738,000. Norges Bank purchased a new position in National Health Investors in the fourth quarter worth approximately $55,301,000. Finally, Freestone Grove Partners LP purchased a new position in National Health Investors in the fourth quarter worth approximately $21,869,000. Hedge funds and other institutional investors own 62.51% of the company’s stock.
National Health Investors Stock Up 0.3%
Shares of NYSE:NHI opened at $71.73 on Friday. The company has a market capitalization of $3.52 billion, a PE ratio of 20.73, a P/E/G ratio of 3.82 and a beta of 0.52. The company has a current ratio of 6.78, a quick ratio of 6.78 and a debt-to-equity ratio of 0.81. National Health Investors, Inc. has a twelve month low of $67.94 and a twelve month high of $91.38. The firm has a 50 day simple moving average of $75.51 and a 200-day simple moving average of $78.25.
National Health Investors Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Wednesday, September 30th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, September 30th. National Health Investors’s payout ratio is presently 106.36%.
Wall Street Analysts Forecast Growth
NHI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of National Health Investors from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Thursday, June 25th. Zacks Research cut shares of National Health Investors from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 25th. BMO Capital Markets dropped their target price on National Health Investors from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, June 15th. Weiss Ratings cut National Health Investors from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Wells Fargo & Company decreased their price target on National Health Investors from $79.00 to $78.00 and set an “equal weight” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.57.
Read Our Latest Stock Report on NHI
Insider Buying and Selling at National Health Investors
In other news, Director Robert A. Mccabe, Jr. bought 890 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $71.65 per share, with a total value of $63,768.50. Following the transaction, the director directly owned 44,159 shares in the company, valued at $3,163,992.35. This trade represents a 2.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.
About National Health Investors
National Health Investors, Inc (NYSE: NHI) is a specialized real estate investment trust (REIT) focused on owning and financing high-quality healthcare and senior housing facilities in the United States. The company’s portfolio encompasses a diverse range of properties, including skilled nursing centers, assisted living and memory care communities, behavioral health facilities, dialysis clinics, and medical office buildings. NHI typically enters into long-term net-lease agreements with experienced healthcare operators, providing stable and predictable rental income streams while enabling its tenants to concentrate on delivering quality care.
Since its founding in 1991 and initial public offering later that year, National Health Investors has pursued a disciplined growth strategy centered on strategic acquisitions, joint ventures, and selective development.
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