Public Employees Retirement Association of Colorado raised its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341,825 shares of the real estate investment trust’s stock after acquiring an additional 13,400 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.83% of National Health Investors worth $26,420,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of National Health Investors by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 6,291,954 shares of the real estate investment trust’s stock worth $498,323,000 after purchasing an additional 72,518 shares in the last quarter. BlackRock Inc. boosted its position in shares of National Health Investors by 6.6% in the 2nd quarter. BlackRock Inc. now owns 3,547,049 shares of the real estate investment trust’s stock worth $280,927,000 after purchasing an additional 218,482 shares in the last quarter. Northern Trust Corp boosted its position in shares of National Health Investors by 6.4% in the 2nd quarter. Northern Trust Corp now owns 1,007,869 shares of the real estate investment trust’s stock worth $79,823,000 after purchasing an additional 60,784 shares in the last quarter. State Street Corp raised its stake in National Health Investors by 8.5% in the 2nd quarter. State Street Corp now owns 999,167 shares of the real estate investment trust’s stock worth $79,133,000 after acquiring an additional 78,355 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in National Health Investors by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 565,542 shares of the real estate investment trust’s stock worth $44,790,000 after acquiring an additional 22,697 shares during the last quarter. 70.18% of the stock is currently owned by institutional investors and hedge funds.
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NHI has been the subject of a number of research analyst reports. BMO Capital Markets restated a “hold” rating and issued a $80.00 target price on shares of National Health Investors in a research note on Wednesday, October 18th. Zacks Investment Research lowered National Health Investors from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. BidaskClub upgraded National Health Investors from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $82.00 target price on shares of National Health Investors in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. National Health Investors presently has an average rating of “Hold” and a consensus target price of $80.14.
National Health Investors (NYSE:NHI) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.36). National Health Investors had a return on equity of 12.56% and a net margin of 59.24%. The business had revenue of $69.84 million for the quarter, compared to analyst estimates of $67.68 million. During the same quarter last year, the company posted $1.22 EPS. National Health Investors’s quarterly revenue was up 14.1% on a year-over-year basis.
The firm also recently announced 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 of this dividend is Thursday, September 28th. This represents a $3.80 annualized dividend and a dividend yield of 4.90%. National Health Investors’s dividend payout ratio (DPR) is 97.69%.
In other news, insider Kevin Carlton Pascoe sold 2,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $79.80, for a total transaction of $159,600.00. Following the completion of the sale, the insider now owns 21,228 shares in the company, valued at $1,693,994.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.19% of the stock is currently owned by corporate insiders.
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.
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