National Health Investors, Inc. (NYSE:NHI) Stock Position Raised by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,274 shares of the real estate investment trust’s stock after buying an additional 2,282 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned 0.06% of National Health Investors worth $1,821,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. grew its position in National Health Investors by 5.3% in 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 purchasing an additional 82,825 shares during the last quarter. Geode Capital Management LLC grew its position in National Health Investors by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,094,570 shares of the real estate investment trust’s stock worth $92,026,000 after purchasing an additional 8,540 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in National Health Investors by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock worth $60,765,000 after purchasing an additional 24,462 shares during the last quarter. Bank of New York Mellon Corp grew its position in National Health Investors by 10.7% in the 4th quarter. Bank of New York Mellon Corp now owns 557,420 shares of the real estate investment trust’s stock worth $38,629,000 after purchasing an additional 53,705 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in National Health Investors by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 463,403 shares of the real estate investment trust’s stock worth $32,114,000 after purchasing an additional 2,279 shares during the last quarter. Institutional investors own 62.51% of the company’s stock.

National Health Investors Trading Down 0.6 %

Shares of NYSE:NHI opened at $75.58 on Thursday. The company has a 50 day moving average of $70.08 and a 200-day moving average of $74.68. The firm has a market cap of $3.45 billion, a P/E ratio of 25.97, a P/E/G ratio of 4.42 and a beta of 1.08. National Health Investors, Inc. has a twelve month low of $57.80 and a twelve 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.

National Health Investors (NYSE:NHI) last issued its quarterly 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 company had revenue of $85.75 million during the quarter, compared to analyst estimates of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. As a group, analysts anticipate that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, March 31st will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.76%. The ex-dividend date is Monday, March 31st. National Health Investors’s dividend payout ratio is presently 115.38%.

Analysts Set New Price Targets

NHI has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday. Wedbush restated an “outperform” rating and issued a $88.00 target price on shares of National Health Investors in a research report on Monday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to 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.