Raymond James Financial Inc. Purchases Shares of 32,027 National Health Investors, Inc. (NYSE:NHI)

Raymond James Financial Inc. acquired a new stake in National Health Investors, Inc. (NYSE:NHI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 32,027 shares of the real estate investment trust’s stock, valued at approximately $2,219,000. Raymond James Financial Inc. owned 0.07% of National Health Investors at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in National Health Investors in the 3rd quarter valued at $27,000. Point72 DIFC Ltd bought a new position in shares of National Health Investors in the third quarter worth $35,000. Jones Financial Companies Lllp raised its stake in 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 in the last quarter. Venturi Wealth Management LLC bought a new stake in National Health Investors during the fourth quarter worth about $63,000. Finally, KBC Group NV lifted its position in National Health Investors by 61.4% during the fourth quarter. KBC Group NV now owns 2,019 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 768 shares during the period. 62.51% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Trading Up 1.3 %

NYSE:NHI opened at $74.74 on Monday. National Health Investors, Inc. has a 12 month low of $57.80 and a 12 month high of $86.13. 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’s 50 day moving average is $70.95 and its 200 day moving average is $74.23. The stock has a market capitalization of $3.41 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08.

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

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be given a $0.90 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.60 annualized dividend and a yield of 4.82%. National Health Investors’s dividend payout ratio (DPR) is presently 115.38%.

Analysts Set New Price Targets

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