National Health Investors, Inc. (NYSE:NHI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “National Health Investors, Inc. is a real estate investment trust which invests in income producing health care properties primarily in the long-term care industry. The company provides current income for distribution to stockholders through investments in health care related facilities, including long-term care facilities, acute care hospitals, medical office buildings, retirement centers and assisted living facilities. “

Other research analysts have also recently issued research reports about the company. BidaskClub cut National Health Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Mizuho reaffirmed a “neutral” rating on shares of National Health Investors in a research report on Wednesday, June 28th. Stifel Nicolaus upped their price target on National Health Investors from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. ValuEngine cut National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Bank of America Corporation cut National Health Investors from a “neutral” rating to an “underperform” rating and set a $76.00 price target on the stock. in a research report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. National Health Investors presently has an average rating of “Hold” and an average price target of $80.50.

National Health Investors (NHI) traded up 0.13% on Thursday, reaching $79.99. The company’s stock had a trading volume of 386,518 shares. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 20.54 and a beta of 0.56. The firm has a 50 day moving average of $78.56 and a 200 day moving average of $75.95. National Health Investors has a 12 month low of $66.31 and a 12 month high of $81.29.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.93 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $69.84 million for the quarter, compared to analysts’ expectations of $67.68 million. During the same period in the prior year, the company earned $1.22 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. Analysts anticipate that National Health Investors will post $3.85 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently modified their holdings of NHI. Carroll Financial Associates Inc. purchased a new stake in National Health Investors during the 2nd quarter worth about $158,000. Quantbot Technologies LP purchased a new stake in National Health Investors during the 1st quarter worth about $201,000. Yorktown Management & Research Co Inc purchased a new stake in National Health Investors during the 2nd quarter worth about $214,000. Allegis Investment Advisors LLC purchased a new stake in National Health Investors during the 2nd quarter worth about $216,000. Finally, Daiwa Securities Group Inc. lifted its holdings in National Health Investors by 1.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 55 shares in the last quarter. 70.58% of the stock is currently owned by institutional investors and hedge funds.

About National Health Investors

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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