National Health Investors, Inc. (NHI) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in National Health Investors, Inc. (NYSE:NHI) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,171 shares of the real estate investment trust’s stock after purchasing an additional 379 shares during the quarter. Principal Financial Group Inc.’s holdings in National Health Investors were worth $647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of National Health Investors by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 6,219,436 shares of the real estate investment trust’s stock valued at $451,717,000 after purchasing an additional 201,133 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of National Health Investors by 6,473.4% in the 1st quarter. BlackRock Inc. now owns 3,328,567 shares of the real estate investment trust’s stock valued at $241,753,000 after purchasing an additional 3,277,930 shares during the last quarter. State Street Corp boosted its holdings in shares of National Health Investors by 8.2% in the 1st quarter. State Street Corp now owns 920,812 shares of the real estate investment trust’s stock valued at $66,881,000 after purchasing an additional 69,884 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of National Health Investors by 8.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 542,845 shares of the real estate investment trust’s stock valued at $39,426,000 after purchasing an additional 43,890 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of National Health Investors by 2.5% in the 1st quarter. Bank of America Corp DE now owns 388,780 shares of the real estate investment trust’s stock valued at $28,238,000 after purchasing an additional 9,538 shares during the last quarter. Institutional investors own 70.67% of the company’s stock.

National Health Investors, Inc. (NYSE NHI) opened at 77.03 on Thursday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 19.78 and a beta of 0.56. National Health Investors, Inc. has a 12-month low of $66.31 and a 12-month high of $81.21. The company’s 50 day moving average is $78.91 and its 200 day moving average is $76.78.

National Health Investors (NYSE:NHI) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.36). National Health Investors had a net margin of 59.24% and a return on equity of 12.56%. The company had revenue of $69.84 million during the quarter, compared to analyst estimates of $67.68 million. During the same quarter in the prior year, the company posted $1.22 EPS. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities analysts anticipate that National Health Investors, Inc. will post $3.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.80 annualized dividend and a dividend yield of 4.93%. National Health Investors’s dividend payout ratio (DPR) is 97.69%.

NHI has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of National Health Investors from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, June 21st. Mizuho reiterated a “neutral” rating on shares of National Health Investors in a report on Wednesday, June 28th. BidaskClub upgraded shares of National Health Investors from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Zacks Investment Research lowered shares of National Health Investors from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $80.17.

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In other news, insider Kevin Carlton Pascoe sold 2,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $79.80, for a total transaction of $159,600.00. Following the transaction, the insider now owns 21,228 shares in the company, valued at approximately $1,693,994.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.19% of the company’s stock.

National Health Investors Company Profile

National Health Investors, Inc is a self-managed real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company is engaged in the business of owning and financing healthcare properties.

Institutional Ownership by Quarter for National Health Investors (NYSE:NHI)

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