National Health Investors Inc. (NHI) Sees Large Volume Increase
National Health Investors Inc. (NYSE:NHI) saw unusually-high trading volume on Monday . Approximately 270,180 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 272,194 shares.The stock last traded at $77.12 and had previously closed at $76.29.
NHI has been the subject of several research analyst reports. BMO Capital Markets raised their price objective on National Health Investors from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 30th. JMP Securities restated a “hold” rating on shares of National Health Investors in a research note on Thursday, March 31st. Zacks Investment Research upgraded National Health Investors from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Wednesday, April 27th. Finally, Cantor Fitzgerald initiated coverage on National Health Investors in a research note on Thursday, June 23rd. They issued a “hold” rating and a $70.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.67.
The company has a market capitalization of $2.96 billion and a P/E ratio of 19.22. The firm’s 50-day moving average is $72.02 and its 200 day moving average is $66.03.
National Health Investors (NYSE:NHI) last released its 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 analysts’ expectations of $57.81 million. During the same period last year, the firm earned $1.13 earnings per share. National Health Investors’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts predict 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 paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $3.60 annualized dividend and a yield of 4.68%.
In other news, EVP Kevin Carlton Pascoe sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $70.72, for a total transaction of $141,440.00. Following the completion of the transaction, the executive vice president now directly owns 19,241 shares of the company’s stock, valued at approximately $1,360,723.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kristin Sallee Gaines sold 8,652 shares of the company’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $73.98, for a total value of $640,074.96. Following the transaction, the insider now directly owns 53,089 shares of the company’s stock, valued at $3,927,524.22. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have added to or reduced their stakes in NHI. New York State Common Retirement Fund boosted its position in National Health Investors by 2.9% in the fourth quarter. New York State Common Retirement Fund now owns 35,300 shares of the real estate investment trust’s stock valued at $2,149,000 after buying an additional 1,000 shares in the last quarter. Advantus Capital Management Inc boosted its position in 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 valued at $3,080,000 after buying an additional 1,800 shares in the last quarter. Rhumbline Advisers boosted its position in 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 valued at $3,795,000 after buying an additional 1,320 shares in the last quarter. California State Teachers Retirement System boosted its position in 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 valued at $4,240,000 after buying an additional 1,147 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in National Health Investors during the fourth quarter valued at about $4,973,000.
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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