PNC Financial Services Group Inc. Sells 510 Shares of National Health Investors, Inc. (NYSE:NHI)

PNC Financial Services Group Inc. lessened its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,651 shares of the real estate investment trust’s stock after selling 510 shares during the period. PNC Financial Services Group Inc.’s holdings in National Health Investors were worth $253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NHI. Zimmer Partners LP bought a new position in shares of National Health Investors during the third quarter valued at $25,218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in National Health Investors by 332.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 242,326 shares of the real estate investment trust’s stock worth $20,370,000 after purchasing an additional 186,238 shares during the period. Charles Schwab Investment Management Inc. increased its position in National Health Investors by 17.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust’s stock worth $71,651,000 after purchasing an additional 123,596 shares during the period. Waterfront Capital Partners LLC acquired a new position in shares of National Health Investors during the 3rd quarter worth about $10,097,000. Finally, Principal Financial Group Inc. grew its position in shares of National Health Investors by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock worth $114,242,000 after buying an additional 82,825 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Stock Down 1.7 %

NHI stock opened at $73.47 on Friday. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $3.36 billion, a PE ratio of 25.25, a PEG ratio of 4.42 and a beta of 1.08. National Health Investors, Inc. has a 1-year low of $57.80 and a 1-year high of $86.13. The business’s 50 day simple moving average is $70.37 and its 200 day simple moving average is $74.58.

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

National Health Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, March 31st will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Monday, March 31st. National Health Investors’s dividend payout ratio is 115.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NHI. Wedbush reiterated an “outperform” rating and issued a $88.00 price objective on shares of National Health Investors in a research report on Monday, March 17th. Truist Financial boosted their target price on National Health Investors from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, National Health Investors currently has an average rating of “Hold” and an average 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.