Mitsubishi UFJ Kokusai Asset Management Co. Ltd. holds a $1.19 million stake in National Health Investors, Inc. (NYSE: NHI)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in National Health Investors, Inc. (NYSE: NHI – Get Rating) by 7.7% in Q1, according to its latest filing with the Securities and Exchange Commission. The institutional investor held 20,117 shares of the real estate investment trust after purchasing an additional 1,441 shares during the quarter. The holdings of Mitsubishi UFJ Kokusai Asset Management Co. Ltd. in National Health Investors were worth $1,187,000 when it was last filed with the SEC.
A number of other institutional investors and hedge funds have also recently changed their positions in NHI. BNP Paribas Arbitrage SA increased its stake in National Health Investors by 1.0% during the fourth quarter. BNP Paribas Arbitrage SA now owns 22,084 shares of the real estate investment trust worth $1,269,000 after acquiring 212 additional shares last quarter. Zurcher Kantonalbank Zurcher Kantonalbank increased its stake in National Health Investors by 0.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,268 shares of the real estate investment trust worth $1,845,000 after buying 226 additional shares in the last quarter. We Are One Seven LLC increased its position in National Health Investors by 4.9% in the fourth quarter. We Are One Seven LLC now owns 6,459 shares of the real estate investment trust valued at $371,000 after buying 300 additional shares in the last quarter. abrdn plc increased its stake in National Health Investors shares by 3.2% in the first quarter. abrdn plc now owns 9,707 shares of the real estate investment trust worth $577,000 after buying an additional 305 shares in the last quarter. Finally, Arrow Investment Advisors LLC increased its holding in National Health Investors stock by 7.1% during the fourth quarter. Arrow Investment Advisors LLC now owns 4,841 shares of the real estate investment trust worth $278,000 after buying 321 additional shares in the last quarter. Institutional investors hold 63.53% of the company’s shares.
Price performance of domestic health investors
NHI shares opened at $66.16 on Monday. The company has a 50-day moving average of $61.65 and a 200-day moving average of $57.86. The company has a debt ratio of 0.79, a current ratio of 12.92 and a quick ratio of 23.40. The company has a market capitalization of $2.95 billion, a price-earnings ratio of 45.32 and a beta of 0.88. National Health Investors, Inc. has a 1-year low of $50.22 and a 1-year high of $66.17.
National Health Investors announces dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 4. Shareholders of record on Friday, September 30 will receive a dividend of $0.90 per share. The ex-dividend date is Thursday, September 29. This represents an annualized dividend of $3.60 and a yield of 5.44%. National Health Investors payout ratio is 246.58%.
Wall Street analysts predict growth
A number of stock analysts have published reports on NHI stocks. Capital One Financial began covering National Health Investors in a report on Friday, June 3. They issued an “overweight” rating and a target price of $64.00 for the company. BMO Capital Markets downgraded shares of National Health Investors from an “outperforming” rating to a “market performing” rating and set a price target of $62.00 for the company. in a report on Tuesday, June 21. Finally, Credit Suisse Group began covering the shares of National Health Investors in a research report on Wednesday, June 22. They gave the company an “underperforming” rating. One equity research analyst has assigned the stock a sell rating, three have assigned a hold rating and one has assigned the company’s stock a buy rating. According to MarketBeat.com, National Health Investors has a consensus rating of “Hold” and a consensus target price of $60.25.
About National Health Investors
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Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in the sale-leaseback, joint venture, mortgage and mezzanine financing of seniors’ housing and medical investments based on need and discretionary. NHI’s portfolio consists of independent, assisted living and memory care communities, fee-paying retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.
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