Monument Capital Management Invests $252,000 in National Health Investors, Inc. $NHI

Monument Capital Management purchased a new position in shares of National Health Investors, Inc. (NYSE:NHI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 3,587 shares of the real estate investment trust’s stock, valued at approximately $252,000.

Several other large investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in National Health Investors by 49.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 147 shares during the period. M&T Bank Corp boosted its stake in National Health Investors by 4.4% in the 1st quarter. M&T Bank Corp now owns 3,969 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 168 shares during the period. Vident Advisory LLC boosted its stake in National Health Investors by 1.6% in the 1st quarter. Vident Advisory LLC now owns 12,691 shares of the real estate investment trust’s stock worth $938,000 after purchasing an additional 201 shares during the period. Xponance Inc. boosted its stake in National Health Investors by 11.2% in the 1st quarter. Xponance Inc. now owns 3,334 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 337 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in National Health Investors by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,546 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 345 shares during the period. Institutional investors own 62.51% of the company’s stock.

Analyst Ratings Changes

NHI has been the subject of several analyst reports. Wedbush upgraded National Health Investors to a “strong-buy” rating in a research note on Wednesday, July 2nd. Truist Financial raised their target price on National Health Investors from $77.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. KeyCorp upgraded National Health Investors from a “sector weight” rating to an “overweight” rating and set a $80.00 target price for the company in a research note on Thursday, July 10th. Cantor Fitzgerald initiated coverage on National Health Investors in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 target price for the company. Finally, National Bankshares set a $90.00 price target on National Health Investors in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $84.83.

National Health Investors Stock Performance

Shares of NHI stock opened at $73.75 on Friday. National Health Investors, Inc. has a 12 month low of $65.13 and a 12 month high of $82.32. The company has a current ratio of 10.91, a quick ratio of 10.91 and a debt-to-equity ratio of 0.75. The stock has a market cap of $3.50 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.37 and a beta of 0.77. The company’s fifty day moving average price is $77.07 and its 200-day moving average price is $74.11.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $70.27 million for the quarter, compared to the consensus estimate of $86.46 million. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%.The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 earnings per share. On average, equities analysts expect that National Health Investors, Inc. will post 4.41 EPS for the current fiscal year.

National Health Investors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from National Health Investors’s previous quarterly dividend of $0.90. National Health Investors’s dividend payout ratio is 117.57%.

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.