Securian Asset Management Inc grew its stake in National Health Investors Inc (NYSE:NHI) by 44.4% during the 1st quarter, Holdings Channel reports. The firm owned 27,006 shares of the real estate investment trust’s stock after buying an additional 8,300 shares during the period. Securian Asset Management Inc’s holdings in National Health Investors were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eii Capital Management Inc. grew its position in shares of National Health Investors by 3.1% during the 4th quarter. Eii Capital Management Inc. now owns 6,674 shares of the real estate investment trust’s stock worth $504,000 after buying an additional 200 shares during the period. Pinnacle Financial Partners Inc. lifted its position in shares of National Health Investors by 1.2% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 20,670 shares of the real estate investment trust’s stock worth $1,561,000 after purchasing an additional 250 shares in the last quarter. HL Financial Services LLC lifted its position in shares of National Health Investors by 2.1% in the fourth quarter. HL Financial Services LLC now owns 11,958 shares of the real estate investment trust’s stock worth $903,000 after purchasing an additional 250 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of National Health Investors by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 13,344 shares of the real estate investment trust’s stock worth $1,007,000 after purchasing an additional 255 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of National Health Investors by 3.7% in the fourth quarter. Hsbc Holdings PLC now owns 7,475 shares of the real estate investment trust’s stock worth $564,000 after purchasing an additional 266 shares in the last quarter. Institutional investors own 71.05% of the company’s stock.
Shares of National Health Investors stock opened at $75.29 on Friday. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 3.44 and a beta of 0.48. The company has a debt-to-equity ratio of 0.92, a quick ratio of 17.92 and a current ratio of 17.92. National Health Investors Inc has a 12-month low of $68.23 and a 12-month high of $84.57.
National Health Investors (NYSE:NHI) last announced its quarterly earnings data on Tuesday, February 19th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.52). The firm had revenue of $74.00 million for the quarter, compared to analyst estimates of $75.16 million. National Health Investors had a return on equity of 11.36% and a net margin of 52.38%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 earnings per share. On average, analysts predict that National Health Investors Inc will post 5.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.58%. This is an increase from National Health Investors’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, March 28th. National Health Investors’s dividend payout ratio is presently 76.64%.
In related news, Director Robert A. Mccabe, Jr. sold 1,181 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $78.04, for a total value of $92,165.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.11% of the company’s stock.
Several research firms have issued reports on NHI. ValuEngine lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research raised shares of National Health Investors from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, BMO Capital Markets downgraded shares of National Health Investors from a “market perform” rating to an “underperform” rating and set a $78.00 price objective on the stock. in a report on Wednesday, February 20th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. National Health Investors presently has a consensus rating of “Hold” and a consensus price target of $78.14.
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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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