Charles Schwab Investment Management Inc. Acquires 24,462 Shares of National Health Investors, Inc. (NYSE:NHI)

Charles Schwab Investment Management Inc. boosted its holdings in National Health Investors, Inc. (NYSE:NHI) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 876,839 shares of the real estate investment trust’s stock after purchasing an additional 24,462 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.93% of National Health Investors worth $60,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in National Health Investors in the 3rd quarter worth approximately $27,000. Covestor Ltd boosted its stake in National Health Investors by 2,700.0% in the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 405 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of National Health Investors during the 3rd quarter worth approximately $35,000. Loomis Sayles & Co. L P purchased a new stake in shares of National Health Investors during the 3rd quarter worth approximately $38,000. Finally, Assetmark Inc. raised its holdings in shares of National Health Investors by 27.8% during the 3rd quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 141 shares in the last quarter. 62.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial decreased their price objective on National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $79.00.

National Health Investors Stock Down 0.6 %

Shares of NHI opened at $72.92 on Thursday. The business’s 50 day simple moving average is $69.35 and its 200-day simple moving average is $74.86. National Health Investors, Inc. has a 1 year low of $57.80 and a 1 year high of $86.13. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29.

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

National Health Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.60 annualized dividend and a yield of 4.94%. National Health Investors’s payout ratio is presently 115.38%.

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.