Rhumbline Advisers lessened its holdings in shares of National Health Investors Inc (NYSE:NHI) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,324 shares of the real estate investment trust’s stock after selling 1,908 shares during the quarter. Rhumbline Advisers owned about 0.15% of National Health Investors worth $4,938,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of National Health Investors during the third quarter worth about $108,000. First Hawaiian Bank acquired a new stake in shares of National Health Investors during the third quarter worth about $162,000. Nissay Asset Management Corp Japan ADV acquired a new stake in shares of National Health Investors during the third quarter worth about $203,000. Woodmont Investment Counsel LLC acquired a new stake in shares of National Health Investors during the second quarter worth about $211,000. Finally, Meeder Asset Management Inc. lifted its position in shares of National Health Investors by 1,298.1% during the third quarter. Meeder Asset Management Inc. now owns 3,020 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 2,804 shares in the last quarter. 69.36% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $80.00 target price on shares of National Health Investors in a report on Thursday, November 8th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of National Health Investors in a report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $75.22.
In related news, Director Robert A. Mccabe, Jr. sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $75.41, for a total value of $94,262.50. Following the sale, the director now owns 13,120 shares of the company’s stock, valued at $989,379.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.19% of the stock is owned by company insiders.
Shares of NYSE:NHI opened at $80.45 on Friday. The company has a market capitalization of $3.38 billion, a P/E ratio of 14.63, a PEG ratio of 3.77 and a beta of 0.34. National Health Investors Inc has a fifty-two week low of $62.71 and a fifty-two week high of $81.60. The company has a debt-to-equity ratio of 0.89, a quick ratio of 14.53 and a current ratio of 14.53.
National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.97 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.42). The firm had revenue of $74.92 million during the quarter, compared to analyst estimates of $73.72 million. National Health Investors had a net margin of 53.15% and a return on equity of 11.56%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS. As a group, analysts predict that National Health Investors Inc will post 5.51 earnings per share for the current fiscal year.
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National Health Investors 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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