Bank of New York Mellon Corp Has $36.25 Million Position in National Health Investors, Inc. (NYSE:NHI)

Bank of New York Mellon Corp grew its stake in National Health Investors, Inc. (NYSE:NHI) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 535,142 shares of the real estate investment trust’s stock after purchasing an additional 761 shares during the quarter. Bank of New York Mellon Corp’s holdings in National Health Investors were worth $36,245,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Jupiter Asset Management Ltd. raised its holdings in National Health Investors by 448.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 76,875 shares of the real estate investment trust’s stock valued at $4,830,000 after acquiring an additional 62,865 shares during the period. International Assets Investment Management LLC grew its position in shares of 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 purchasing an additional 27,680 shares during the last quarter. Land & Buildings Investment Management LLC increased its stake in shares of National Health Investors by 81.8% during the fourth quarter. Land & Buildings Investment Management LLC now owns 412,052 shares of the real estate investment trust’s stock worth $23,013,000 after purchasing an additional 185,377 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in National Health Investors during the 1st quarter worth approximately $547,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in National Health Investors by 9.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 407,855 shares of the real estate investment trust’s stock valued at $25,626,000 after purchasing an additional 36,653 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Stock Performance

Shares of National Health Investors stock opened at $81.43 on Tuesday. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.91. The company has a market cap of $3.54 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 8.51 and a beta of 1.02. The company has a 50 day moving average of $73.62 and a 200-day moving average of $66.29. National Health Investors, Inc. has a 1-year low of $48.51 and a 1-year high of $81.43.

National Health Investors (NYSE:NHI) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). The firm had revenue of $84.97 million for the quarter, compared to analyst estimates of $64.95 million. National Health Investors had a net margin of 39.11% and a return on equity of 10.11%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. As a group, equities research analysts forecast that National Health Investors, Inc. will post 4.55 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Friday, September 27th. National Health Investors’s dividend payout ratio is presently 118.03%.

Wall Street Analyst Weigh In

NHI has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on National Health Investors from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. StockNews.com raised shares of National Health Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Truist Financial boosted their price objective on shares of National Health Investors from $65.00 to $78.00 and gave the company a “hold” rating in a report on Friday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.75.

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.