Cornerstone Wealth Management LLC Grows Holdings in National Health Investors Inc (NHI)

Cornerstone Wealth Management LLC grew its holdings in National Health Investors Inc (NYSE:NHI) by 275.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,594 shares of the real estate investment trust’s stock after purchasing an additional 53,973 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in National Health Investors were worth $944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in National Health Investors by 4.7% in the 2nd quarter. BlackRock Inc. now owns 4,026,546 shares of the real estate investment trust’s stock worth $296,676,000 after purchasing an additional 182,378 shares in the last quarter. Northern Trust Corp increased its holdings in shares of National Health Investors by 0.3% during the 2nd quarter. Northern Trust Corp now owns 1,032,057 shares of the real estate investment trust’s stock worth $76,042,000 after buying an additional 2,864 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of National Health Investors by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 638,621 shares of the real estate investment trust’s stock worth $47,055,000 after buying an additional 8,904 shares during the last quarter. Hamlin Capital Management LLC increased its holdings in shares of National Health Investors by 39.8% during the 2nd quarter. Hamlin Capital Management LLC now owns 625,250 shares of the real estate investment trust’s stock worth $46,068,000 after buying an additional 178,110 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of National Health Investors by 7.8% during the 1st quarter. Allianz Asset Management GmbH now owns 572,100 shares of the real estate investment trust’s stock worth $38,497,000 after buying an additional 41,300 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE NHI opened at $74.04 on Friday. The company has a market cap of $3.15 billion, a PE ratio of 13.89, a PEG ratio of 3.19 and a beta of 0.34. The company has a debt-to-equity ratio of 0.90, a current ratio of 15.56 and a quick ratio of 15.56. National Health Investors Inc has a 1 year low of $62.71 and a 1 year high of $81.60.

National Health Investors (NYSE:NHI) last posted its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). National Health Investors had a net margin of 53.16% and a return on equity of 11.49%. The company had revenue of $72.96 million during the quarter, compared to analyst estimates of $73.80 million. On average, sell-side analysts expect that National Health Investors Inc will post 5.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, September 28th will be issued a $1.00 dividend. The ex-dividend date is Thursday, September 27th. This represents a $4.00 annualized dividend and a yield of 5.40%. National Health Investors’s dividend payout ratio (DPR) is presently 75.05%.

A number of brokerages have recently issued reports on NHI. Zacks Investment Research upgraded shares of National Health Investors from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Tuesday, October 9th. Wells Fargo & Co restated a “hold” rating on shares of National Health Investors in a report on Tuesday, August 28th. Cantor Fitzgerald raised their price target on shares of National Health Investors from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Stifel Nicolaus set a $83.00 price target on shares of National Health Investors and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, SunTrust Banks restated a “hold” rating and set a $79.00 price target on shares of National Health Investors in a report on Wednesday, August 8th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $75.22.

About National Health Investors

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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Institutional Ownership by Quarter for National Health Investors (NYSE:NHI)

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