BlackRock Inc. grew its position in shares of National Health Investors Inc (NYSE:NHI) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,238,190 shares of the real estate investment trust’s stock after purchasing an additional 21,764 shares during the period. BlackRock Inc. owned 9.80% of National Health Investors worth $332,910,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in NHI. Vanguard Group Inc lifted its stake in shares of National Health Investors by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 6,382,904 shares of the real estate investment trust’s stock valued at $482,484,000 after buying an additional 76,209 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of National Health Investors by 12.6% during the 4th quarter. Bank of Montreal Can now owns 10,735 shares of the real estate investment trust’s stock valued at $810,000 after buying an additional 1,202 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of National Health Investors during the 4th quarter valued at $52,000. Xact Kapitalforvaltning AB lifted its stake in shares of National Health Investors by 38.6% during the 4th quarter. Xact Kapitalforvaltning AB now owns 8,251 shares of the real estate investment trust’s stock valued at $623,000 after buying an additional 2,300 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of National Health Investors by 25.9% during the 4th quarter. Rhumbline Advisers now owns 82,234 shares of the real estate investment trust’s stock valued at $6,212,000 after buying an additional 16,910 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.
NHI has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of National Health Investors from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Tuesday, May 21st. ValuEngine cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, SunTrust Banks lifted their target price on shares of National Health Investors to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. National Health Investors presently has an average rating of “Hold” and a consensus target price of $80.17.
Shares of NHI stock opened at $78.19 on Thursday. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 3.59 and a beta of 0.40. National Health Investors Inc has a 52 week low of $70.54 and a 52 week high of $84.57. The company has a debt-to-equity ratio of 0.91, a quick ratio of 14.99 and a current ratio of 14.99.
National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.83 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.48). The company had revenue of $76.11 million during the quarter, compared to analysts’ expectations of $73.21 million. National Health Investors had a return on equity of 10.96% and a net margin of 50.87%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 EPS. As a group, equities analysts expect that National Health Investors Inc will post 5.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, June 28th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Thursday, June 27th. National Health Investors’s payout ratio is currently 76.64%.
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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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