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

National Health Investors, Inc. (NYSE:NHI)’s stock price reached a new 52-week high during trading 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of National Health Investors from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. Wells Fargo & Company upped their price objective on shares of National Health Investors from $63.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Finally, StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.13.

National Health Investors Stock Performance

The company has a quick ratio of 13.24, a current ratio of 13.24 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $67.63 and its 200-day moving average is $61.65. The firm has a market capitalization of $3.22 billion, a P/E ratio of 24.54 and a beta of 1.02.

National Health Investors Dividend Announcement

The firm also recently disclosed a quarterly 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 is Friday, June 28th. This represents a $3.60 annualized dividend and a yield of 4.85%. National Health Investors’s payout ratio is 118.03%.

Insiders Place Their Bets

In other National Health Investors news, Director Robert A. Mccabe, Jr. acquired 437 shares of the stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $65.83 per share, for a total transaction of $28,767.71. Following the completion of the acquisition, the director now owns 21,585 shares in the company, valued at approximately $1,420,940.55. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Compass Wealth Management LLC purchased a new stake in shares of National Health Investors in the first quarter valued at about $30,000. Baystate Wealth Management LLC purchased a new stake in shares of National Health Investors in the fourth quarter valued at about $39,000. Blue Trust Inc. raised its holdings in shares of National Health Investors by 2,651.9% in the second quarter. Blue Trust Inc. now owns 743 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 716 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of National Health Investors by 66.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,594 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Shayne & Jacobs LLC purchased a new stake in National Health Investors during the second quarter worth about $210,000. Institutional investors and hedge funds 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.