National Health Investors (NYSE:NHI) Sets New 52-Week High After Dividend Announcement

National Health Investors, Inc. (NYSE:NHI) shares hit a new 52-week high during trading on Tuesday after the company announced a dividend. 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. Investors of record on Friday, June 28th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, June 28th. This represents a $3.60 annualized dividend and a dividend yield of 5.48%. National Health Investors’s dividend payout ratio is presently 115.02%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on National Health Investors in a research report on Tuesday, January 30th. They set a “buy” rating and a $69.00 price objective for the company. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. BMO Capital Markets raised shares of National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 target price for the company in a research note on Tuesday, March 12th. Wells Fargo & Company raised National Health Investors from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $55.00 to $63.00 in a research report on Monday, February 26th. Finally, Wedbush raised their price objective on National Health Investors from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.50.

National Health Investors Price Performance

The firm has a 50-day moving average of $60.95 and a 200-day moving average of $56.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 10.27 and a current ratio of 10.27. The firm has a market capitalization of $2.85 billion, a P/E ratio of 20.97 and a beta of 0.95.

Insider Transactions at National Health Investors

In other National Health Investors news, Director Charlotte A. Swafford acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $58.69 per share, with a total value of $586,900.00. Following the completion of the transaction, the director now directly owns 110,185 shares of the company’s stock, valued at approximately $6,466,757.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NHI. Vanguard Group Inc. grew its position in National Health Investors by 0.4% in the 3rd 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 period. Principal Financial Group Inc. boosted its stake in shares of National Health Investors by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,870,632 shares of the real estate investment trust’s stock worth $104,475,000 after buying an additional 146,735 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of National Health Investors by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 709,448 shares of the real estate investment trust’s stock worth $36,437,000 after acquiring an additional 14,420 shares during the period. Norges Bank purchased a new stake in National Health Investors during the fourth quarter valued at $25,448,000. Finally, Land & Buildings Investment Management LLC lifted its holdings in National Health Investors by 81.8% in the fourth quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock valued at $23,013,000 after acquiring an additional 185,377 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.