National Health Investors Inc. (NYSE:NHI)’s share price was down 2.5% on Friday . The stock traded as low as $79.48 and last traded at $79.70, with a volume of 211,467 shares. The stock had previously closed at $81.78.

NHI has been the subject of a number of research reports. Zacks Investment Research lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. JMP Securities reissued a “hold” rating on shares of National Health Investors in a research note on Saturday, June 4th. Cantor Fitzgerald initiated coverage on shares of National Health Investors in a research note on Thursday, June 23rd. They set a “hold” rating and a $70.00 target price for the company. Finally, Mizuho lifted their target price on shares of National Health Investors from $66.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. National Health Investors has a consensus rating of “Hold” and a consensus price target of $72.50.

The stock’s 50 day moving average is $78.34 and its 200-day moving average is $70.12. The firm has a market capitalization of $3.13 billion and a price-to-earnings ratio of 18.46.

National Health Investors (NYSE:NHI) last announced its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.01. The business earned $61.20 million during the quarter, compared to analyst estimates of $58.08 million. During the same quarter in the prior year, the company earned $1.17 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities research analysts forecast that National Health Investors Inc. will post $4.87 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, September 30th will be issued a $0.90 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $3.60 annualized dividend and a yield of 4.50%.

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

A hedge fund recently raised its stake in National Health Investors stock. New York State Common Retirement Fund boosted its stake in shares of National Health Investors Inc. (NYSE:NHI) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,300 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of National Health Investors worth $2,149,000 at the end of the most recent reporting period.

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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