Shares of National Health Investors Inc. (NYSE:NHI) reached a new 52-week high on Wednesday . The company traded as high as $76.74 and last traded at $76.39, with a volume of 95,637 shares traded. The stock had previously closed at $76.54.

A number of research firms have recently weighed in on NHI. Cantor Fitzgerald began coverage on shares of National Health Investors in a research report on Thursday, June 23rd. They set a “hold” rating and a $70.00 price target for the company. JMP Securities reissued a “hold” rating on shares of National Health Investors in a research report on Saturday, June 4th. Zacks Investment Research downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. BMO Capital Markets raised their price target on shares of National Health Investors from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 30th. Finally, Bank of America Corp. raised shares of National Health Investors from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $59.00 to $67.00 in a research report on Friday, March 11th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $68.67.

The company has a 50-day moving average price of $71.43 and a 200-day moving average price of $65.73. The firm has a market capitalization of $2.88 billion and a PE ratio of 18.71.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $1.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.01. The company earned $59.02 million during the quarter, compared to analyst estimates of $57.81 million. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. On average, analysts forecast that National Health Investors Inc. will post $4.87 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Thursday, June 30th will be issued a $0.90 dividend. The ex-dividend date is Tuesday, June 28th. This represents a $3.60 annualized dividend and a yield of 4.80%.

In other news, insider Kristin Sallee Gaines sold 4,044 shares of the company’s stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of $73.71, for a total transaction of $298,083.24. Following the completion of the transaction, the insider now directly owns 53,089 shares in the company, valued at $3,913,190.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert A. Mccabe, Jr. sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $71.61, for a total value of $89,512.50. Following the transaction, the director now owns 9,736 shares of the company’s stock, valued at $697,194.96. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Vanguard Group Inc. raised its position in shares of National Health Investors by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 5,098,352 shares of the real estate investment trust’s stock worth $310,337,000 after buying an additional 335,445 shares during the period. Schroder Investment Management Group acquired a new position in shares of National Health Investors during the fourth quarter worth approximately $4,973,000. Advantus Capital Management Inc raised its position in shares of National Health Investors by 3.7% in the fourth quarter. Advantus Capital Management Inc now owns 50,606 shares of the real estate investment trust’s stock worth $3,080,000 after buying an additional 1,800 shares during the period. Rhumbline Advisers raised its position in shares of National Health Investors by 2.2% in the fourth quarter. Rhumbline Advisers now owns 62,343 shares of the real estate investment trust’s stock worth $3,795,000 after buying an additional 1,320 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of National Health Investors by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 69,656 shares of the real estate investment trust’s stock worth $4,240,000 after buying an additional 1,147 shares during the period.

National Health Investors, Inc (NHI) 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’s portfolio consists of real estate investments in independent, assisted and memory care communities, entrance-fee communities, senior living campuses, skilled nursing facilities, specialty hospitals and medical office buildings.

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