National Health Investors (NYSE:NHI) Reaches New 52-Week High at $74.37

National Health Investors, Inc. (NYSE:NHI) shares hit a new 52-week high on Tuesday . The company traded as high as $74.37 and last traded at $74.12, with a volume of 19153 shares trading hands. The stock had previously closed at $73.39.

Analyst Upgrades and Downgrades

NHI has been the subject of a number of research reports. Truist Financial boosted their price target on shares of National Health Investors from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Wells Fargo & Company raised their price target 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, StockNews.com cut National Health Investors from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $62.13.

National Health Investors Trading Down 0.9 %

The firm’s 50-day simple moving average is $68.09 and its 200-day simple moving average is $61.97. The firm has a market capitalization of $3.21 billion, a PE ratio of 24.24 and a beta of 1.02. The company has a quick ratio of 13.24, a current ratio of 13.24 and a debt-to-equity ratio of 0.91.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 28th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend is Friday, June 28th. National Health Investors’s dividend payout ratio is presently 118.03%.

Insider Buying and Selling

In related news, Director Robert A. Mccabe, Jr. acquired 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 transaction, the director now owns 21,585 shares of the company’s stock, valued at approximately $1,420,940.55. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NHI. Vanguard Group Inc. grew its stake in shares of National Health Investors by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,173,352 shares of the real estate investment trust’s stock worth $317,063,000 after purchasing an additional 22,443 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of National Health Investors by 33.0% during the fourth quarter. SG Americas Securities LLC now owns 25,494 shares of the real estate investment trust’s stock valued at $1,424,000 after buying an additional 6,321 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of National Health Investors by 14.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,971 shares of the real estate investment trust’s stock valued at $1,730,000 after acquiring an additional 3,907 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in National Health Investors by 14.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 107,762 shares of the real estate investment trust’s stock worth $6,110,000 after acquiring an additional 13,692 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in National Health Investors by 3,690.7% in the fourth quarter. International Assets Investment Management LLC now owns 28,430 shares of the real estate investment trust’s stock valued at $1,588,000 after acquiring an additional 27,680 shares in the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

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.