National Health Investors (NYSE:NHI) Reaches New 1-Year High After Dividend Announcement

National Health Investors, Inc. (NYSE:NHI)’s share price reached a new 52-week high during trading on Tuesday following a dividend announcement from the company. The stock traded as high as $66.10 and last traded at $65.15, with a volume of 113857 shares. The stock had previously closed at $64.25.

The newly announced dividend which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 28th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.60 annualized dividend and a yield of 5.48%. National Health Investors’s payout ratio is 115.02%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BMO Capital Markets raised shares of National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 price target on the stock in a research report on Tuesday, March 12th. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Truist Financial increased their target price on shares of National Health Investors from $55.00 to $58.00 and gave the stock a “hold” rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of National Health Investors in a research note on Tuesday, January 30th. They set a “buy” rating and a $69.00 target price on the stock. Finally, Wells Fargo & Company raised shares of National Health Investors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $55.00 to $63.00 in a research note on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, National Health Investors currently has a consensus rating of “Hold” and an average price target of $60.50.

National Health Investors Stock Performance

The company’s fifty day simple moving average is $60.67 and its two-hundred day simple moving average is $56.36. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 20.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 10.27 and a quick ratio of 10.27.

Insider Activity

In other news, Director Charlotte A. Swafford bought 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $58.69 per share, for a total transaction of $586,900.00. Following the completion of the acquisition, the director now directly owns 110,185 shares in the company, valued at approximately $6,466,757.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.21% of the stock is currently owned by corporate insiders.

Institutional Trading of National Health Investors

A number of large investors have recently added to or reduced their stakes in NHI. Compass Wealth Management LLC purchased a new stake in National Health Investors during the first quarter worth about $30,000. Baystate Wealth Management LLC purchased a new stake in National Health Investors during the fourth quarter worth about $39,000. Sound Income Strategies LLC increased its holdings in National Health Investors by 33.5% during the fourth quarter. Sound Income Strategies LLC now owns 916 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 230 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in National Health Investors by 66.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 1,033 shares during the last quarter. Finally, EMC Capital Management increased its holdings in National Health Investors by 86.5% during the third quarter. EMC Capital Management now owns 3,357 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 1,557 shares during the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

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.