Log Out

Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Position in National Health Investors, Inc. (NYSE:NHI)

Defense World · Sep 26, 2022 04:42

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of National Health Investors, Inc. (NYSE:NHI – Get Rating) by 25.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,051 shares of the real estate investment trust's stock after buying an additional 1,236 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in National Health Investors were worth $367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NHI. State Street Corp lifted its stake in shares of National Health Investors by 15.9% during the first quarter. State Street Corp now owns 2,186,194 shares of the real estate investment trust's stock valued at $130,904,000 after buying an additional 299,737 shares during the period. LSV Asset Management lifted its stake in shares of National Health Investors by 94.2% during the first quarter. LSV Asset Management now owns 354,488 shares of the real estate investment trust's stock valued at $20,918,000 after buying an additional 171,949 shares during the period. Bank of America Corp DE lifted its stake in shares of National Health Investors by 23.6% during the first quarter. Bank of America Corp DE now owns 888,548 shares of the real estate investment trust's stock valued at $52,432,000 after buying an additional 169,598 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of National Health Investors by 16.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 856,488 shares of the real estate investment trust's stock valued at $50,541,000 after buying an additional 123,298 shares during the period. Finally, Comerica Bank purchased a new position in shares of National Health Investors during the first quarter valued at approximately $6,395,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

Get National Health Investors alerts:

Insider Transactions at National Health Investors

In other National Health Investors news, Director Robert G. Adams acquired 1,500 shares of the company's stock in a transaction dated Monday, August 15th. The stock was bought at an average price of $65.93 per share, with a total value of $98,895.00. Following the completion of the transaction, the director now directly owns 85,411 shares of the company's stock, valued at $5,631,147.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 7.26% of the company's stock.

Wall Street Analyst Weigh In

NHI has been the topic of several recent analyst reports. Credit Suisse Group initiated coverage on shares of National Health Investors in a research note on Wednesday, June 22nd. They set an "underperform" rating on the stock. Capital One Financial started coverage on shares of National Health Investors in a research note on Friday, June 3rd. They set an "overweight" rating and a $64.00 price target on the stock. Finally, BMO Capital Markets downgraded shares of National Health Investors from an "outperform" rating to a "market perform" rating and set a $62.00 price target on the stock. in a research note on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, National Health Investors currently has an average rating of "Hold" and a consensus target price of $59.00.

National Health Investors Stock Performance

NYSE:NHI opened at $59.24 on Monday. The company has a quick ratio of 12.92, a current ratio of 12.92 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.65 billion, a P/E ratio of 40.58 and a beta of 0.86. National Health Investors, Inc. has a fifty-two week low of $50.22 and a fifty-two week high of $67.16. The firm's 50 day moving average is $64.20 and its two-hundred day moving average is $59.95.

National Health Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Friday, September 30th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Thursday, September 29th. National Health Investors's payout ratio is currently 246.58%.

National Health Investors Company Profile

(Get Rating)

Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.