Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in National Health Investors, Inc. (NYSE:NHI)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of National Health Investors, Inc. (NYSE:NHI) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,795 shares of the real estate investment trust’s stock after purchasing an additional 1,888 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of National Health Investors worth $2,062,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NHI. Jane Street Group LLC increased its holdings in National Health Investors by 68.3% during the third quarter. Jane Street Group LLC now owns 60,099 shares of the real estate investment trust’s stock worth $5,052,000 after buying an additional 24,380 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of National Health Investors by 21.8% during the 4th quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust’s stock worth $2,060,000 after purchasing an additional 5,318 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in National Health Investors by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 876,839 shares of the real estate investment trust’s stock valued at $60,765,000 after purchasing an additional 24,462 shares during the last quarter. Point72 Asset Management L.P. bought a new position in National Health Investors during the third quarter valued at $688,000. Finally, AlphaQuest LLC increased its position in National Health Investors by 252.2% in the fourth quarter. AlphaQuest LLC now owns 9,640 shares of the real estate investment trust’s stock worth $668,000 after buying an additional 6,903 shares during the last quarter. 62.51% of the stock is currently owned by institutional investors.

National Health Investors Stock Performance

NYSE:NHI opened at $74.30 on Wednesday. National Health Investors, Inc. has a 52-week low of $57.80 and a 52-week high of $86.13. The business’s fifty day moving average is $71.12 and its 200 day moving average is $74.08. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 4.42 and a beta of 1.08.

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

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, March 31st will be given a dividend of $0.90 per share. The ex-dividend date is Monday, March 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.85%. National Health Investors’s dividend payout ratio (DPR) is currently 115.38%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NHI. Truist Financial increased their price target on National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, March 19th. Wedbush reiterated an “outperform” rating and issued a $88.00 target price on shares of National Health Investors in a research note on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, National Health Investors presently has a consensus rating of “Hold” and an average price target of $85.50.

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.