Bank of New York Mellon Corp lowered its holdings in National Health Investors Inc (NYSE:NHI) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 318,866 shares of the real estate investment trust’s stock after selling 13,148 shares during the period. Bank of New York Mellon Corp owned approximately 0.78% of National Health Investors worth $24,646,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Prudential Financial Inc. raised its holdings in shares of National Health Investors by 137.4% in the 2nd quarter. Prudential Financial Inc. now owns 13,683 shares of the real estate investment trust’s stock valued at $1,084,000 after acquiring an additional 7,920 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in shares of National Health Investors by 2.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 4,400 shares of the real estate investment trust’s stock valued at $348,000 after acquiring an additional 100 shares in the last quarter. Good Life Advisors LLC purchased a new stake in shares of National Health Investors in the 2nd quarter valued at about $282,000. Dupont Capital Management Corp purchased a new stake in shares of National Health Investors in the 3rd quarter valued at about $2,087,000. Finally, Legal & General Group Plc raised its holdings in shares of National Health Investors by 12.8% in the 2nd quarter. Legal & General Group Plc now owns 102,004 shares of the real estate investment trust’s stock valued at $8,077,000 after acquiring an additional 11,556 shares in the last quarter. 70.52% of the stock is currently owned by hedge funds and other institutional investors.
NHI has been the topic of several recent analyst reports. Zacks Investment Research raised National Health Investors from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Thursday, September 28th. Mizuho reissued a “hold” rating and set a $82.00 price objective on shares of National Health Investors in a report on Wednesday, October 4th. SunTrust Banks initiated coverage on National Health Investors in a report on Tuesday, October 10th. They set a “hold” rating and a $80.00 price objective on the stock. BidaskClub raised National Health Investors from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, KeyCorp reissued a “hold” rating on shares of National Health Investors in a report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $80.14.
Shares of National Health Investors Inc (NYSE NHI) traded up $0.73 during midday trading on Thursday, hitting $79.75. The company had a trading volume of 183,100 shares, compared to its average volume of 207,664. The stock has a market cap of $3,310.00, a PE ratio of 15.17, a price-to-earnings-growth ratio of 3.88 and a beta of 0.59. The company has a current ratio of 12.72, a quick ratio of 12.72 and a debt-to-equity ratio of 0.84. National Health Investors Inc has a 52 week low of $68.96 and a 52 week high of $81.21.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.76%. National Health Investors’s dividend payout ratio is 95.00%.
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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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