Pinnacle Financial Partners Inc Acquires 3,546 Shares of National Health Investors, Inc. (NYSE:NHI)

Pinnacle Financial Partners Inc grew its stake in National Health Investors, Inc. (NYSE:NHI) by 7.7% during the third quarter, Holdings Channel.com reports. The fund owned 49,488 shares of the real estate investment trust’s stock after purchasing an additional 3,546 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in National Health Investors were worth $4,160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NHI. Vanguard Group Inc. grew its position in shares of National Health Investors by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,189,864 shares of the real estate investment trust’s stock worth $388,909,000 after buying an additional 43,520 shares in the last quarter. Lasalle Investment Management Securities LLC grew its holdings 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 acquiring an additional 39,554 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in National Health Investors by 16.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 472,959 shares of the real estate investment trust’s stock worth $32,034,000 after acquiring an additional 65,104 shares in the last quarter. Land & Buildings Investment Management LLC increased its position in National Health Investors by 4.6% during the 2nd quarter. Land & Buildings Investment Management LLC now owns 417,834 shares of the real estate investment trust’s stock valued at $28,300,000 after purchasing an additional 18,232 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in shares of National Health Investors by 10.8% in the 3rd quarter. Sound Income Strategies LLC now owns 169,582 shares of the real estate investment trust’s stock valued at $14,255,000 after purchasing an additional 16,463 shares in the last quarter. Institutional investors own 62.51% of the company’s stock.

National Health Investors Trading Down 2.6 %

Shares of NYSE:NHI opened at $78.21 on Thursday. The business’s 50-day moving average is $80.28 and its 200 day moving average is $73.77. 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, Inc. has a 1 year low of $51.59 and a 1 year high of $86.13. The firm has a market capitalization of $3.55 billion, a P/E ratio of 26.88, a P/E/G ratio of 5.36 and a beta of 1.05.

National Health Investors (NYSE:NHI) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.42). The company had revenue of $63.32 million for the quarter, compared to analyst estimates of $67.93 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. On average, research analysts predict that National Health Investors, Inc. will post 4.42 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be issued a $0.90 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.60%. National Health Investors’s dividend payout ratio is currently 123.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NHI shares. Truist Financial increased their price objective on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Bank of America assumed coverage on National Health Investors in a report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price target on the stock. Wells Fargo & Company cut National Health Investors from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $81.00 to $86.00 in a research note on Tuesday, October 1st. Finally, StockNews.com lowered National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, National Health Investors currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.29.

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.