Nomura Asset Management Co. Ltd. raised its position in National Health Investors Inc (NYSE:NHI) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,080 shares of the real estate investment trust’s stock after buying an additional 980 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.06% of National Health Investors worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Virtus ETF Advisers LLC purchased a new stake in shares of National Health Investors during the second quarter worth approximately $2,533,000. Profund Advisors LLC raised its stake in shares of National Health Investors by 19.3% during the second quarter. Profund Advisors LLC now owns 3,814 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 616 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of National Health Investors by 14.9% during the second quarter. Pictet Asset Management Ltd. now owns 7,700 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 1,000 shares during the last quarter. Pinnacle Financial Partners Inc. raised its stake in shares of National Health Investors by 56.3% during the second quarter. Pinnacle Financial Partners Inc. now owns 31,993 shares of the real estate investment trust’s stock worth $2,496,000 after purchasing an additional 11,523 shares during the last quarter. Finally, Krane Funds Advisors LLC purchased a new stake in shares of National Health Investors during the second quarter worth approximately $58,000. Institutional investors own 69.72% of the company’s stock.
Separately, Zacks Investment Research cut National Health Investors from a “hold” rating to a “sell” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. National Health Investors currently has a consensus rating of “Hold” and a consensus target price of $79.60.
National Health Investors (NYSE:NHI) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.45). The company had revenue of $78.10 million for the quarter, compared to analysts’ expectations of $77.64 million. National Health Investors had a return on equity of 11.00% and a net margin of 50.71%. National Health Investors’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. As a group, research analysts anticipate that National Health Investors Inc will post 5.49 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.06%. The ex-dividend date is Friday, September 27th. National Health Investors’s payout ratio is 76.64%.
In other National Health Investors news, CIO Kevin Carlton Pascoe sold 900 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $82.46, for a total value of $74,214.00. Following the completion of the transaction, the executive now owns 27,826 shares in the company, valued at $2,294,531.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.11% of the company’s stock.
National Health Investors Company Profile
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.
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