Victory Capital Management Inc. Grows Stock Position in National Health Investors, Inc. (NYSE:NHI)

Victory Capital Management Inc. boosted its position in National Health Investors, Inc. (NYSE:NHI) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,405 shares of the real estate investment trust’s stock after buying an additional 739 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of National Health Investors worth $2,051,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new position in shares of National Health Investors during the 2nd quarter worth $28,000. Covestor Ltd boosted its stake in shares of National Health Investors by 2,700.0% during the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 405 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of National Health Investors in the 2nd quarter worth approximately $36,000. Blue Trust Inc. increased its stake in National Health Investors by 2,651.9% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 716 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in National Health Investors by 27.8% during the third quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 141 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Stock Performance

Shares of NHI stock opened at $77.71 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 5.20 and a beta of 1.05. National Health Investors, Inc. has a one year low of $51.59 and a one year high of $86.13. The company has a 50 day moving average price of $79.48 and a 200 day moving average price of $74.49.

National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.42). The firm had revenue of $63.32 million during the quarter, compared to analysts’ expectations of $67.93 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $1.08 earnings per share. Sell-side analysts anticipate that National Health Investors, Inc. will post 4.42 EPS for the current year.

National Health Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s payout ratio is currently 123.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NHI shares. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Wells Fargo & Company cut shares of National Health Investors from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $81.00 to $86.00 in a research note on Tuesday, October 1st. Truist Financial boosted their price objective on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, Bank of America initiated coverage on shares of National Health Investors in a research note on Tuesday, September 24th. They issued a “buy” rating and a $92.00 target price for the company. Four investment 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, National Health Investors currently has a consensus rating of “Moderate Buy” and an average price target of $73.29.

National Health Investors Company Profile

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.