National Health Investors (NYSE:NHI) Sets New 12-Month High at $68.28

National Health Investors, Inc. (NYSE:NHI)’s share price hit a new 52-week high on Tuesday . The company traded as high as $68.28 and last traded at $67.98, with a volume of 22297 shares changing hands. The stock had previously closed at $67.53.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NHI shares. Wedbush lifted their target price on National Health Investors from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, March 18th. BMO Capital Markets upgraded National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 target price on the stock in a report on Tuesday, March 12th. StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Wells Fargo & Company raised their price objective on National Health Investors from $63.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Finally, Truist Financial raised their price objective on National Health Investors from $58.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.13.

National Health Investors Stock Performance

The firm has a market capitalization of $2.96 billion, a PE ratio of 22.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.91, a current ratio of 13.24 and a quick ratio of 13.24. The stock has a 50-day moving average price of $65.59 and a 200-day moving average price of $60.10.

National Health Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, June 28th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, June 28th. National Health Investors’s payout ratio is 118.03%.

Insider Transactions at National Health Investors

In other National Health Investors news, Director Robert A. Mccabe, Jr. bought 437 shares of the stock in a transaction on Friday, May 31st. The stock was purchased at an average price of $65.83 per share, for a total transaction of $28,767.71. Following the completion of the purchase, the director now directly owns 21,585 shares in the company, valued at $1,420,940.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.21% of the company’s stock.

Institutional Investors Weigh In On National Health Investors

A number of institutional investors have recently modified their holdings of NHI. Lasalle Investment Management Securities LLC grew its stake in National Health Investors by 8.4% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 508,035 shares of the real estate investment trust’s stock worth $31,920,000 after buying an additional 39,554 shares during the last quarter. Tidal Investments LLC raised its stake in shares of National Health Investors by 22.4% in the 1st quarter. Tidal Investments LLC now owns 4,701 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 861 shares in the last quarter. Benchmark Investment Advisors LLC acquired a new stake in shares of National Health Investors in the first quarter valued at $314,000. Price T Rowe Associates Inc. MD boosted its stake in National Health Investors by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,836 shares of the real estate investment trust’s stock valued at $1,687,000 after buying an additional 1,516 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in National Health Investors by 2.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 55,985 shares of the real estate investment trust’s stock worth $3,518,000 after acquiring an additional 1,248 shares during the period. Institutional investors own 62.51% of the company’s stock.

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.