National Health Investors Inc. (NHI) Sets New 12-Month High at $77.48
Shares of National Health Investors Inc. (NYSE:NHI) reached a new 52-week high on Wednesday . The stock traded as high as $77.48 and last traded at $77.44, with a volume of 129,623 shares changing hands. The stock had previously closed at $77.03.
Several research firms have weighed in on NHI. JMP Securities reaffirmed a “hold” rating on shares of National Health Investors in a research report on Saturday, June 4th. Zacks Investment Research raised National Health Investors from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Wednesday, April 27th. Cantor Fitzgerald began coverage on National Health Investors in a research report on Thursday, June 23rd. They set a “hold” rating and a $70.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on National Health Investors from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, March 30th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $68.67.
The stock’s 50-day moving average is $72.79 and its 200-day moving average is $66.26. The firm has a market capitalization of $2.94 billion and a PE ratio of 19.07.
National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.01. The business had revenue of $59.02 million for the quarter, compared to analyst estimates of $57.81 million. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.13 earnings per share. Equities research analysts predict that National Health Investors Inc. will post $4.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.71%.
In related news, Director Robert A. Mccabe, Jr. sold 1,250 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $71.61, for a total transaction of $89,512.50. Following the completion of the transaction, the director now owns 9,736 shares of the company’s stock, valued at $697,194.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kristin Sallee Gaines sold 8,652 shares of the firm’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $73.98, for a total transaction of $640,074.96. Following the transaction, the insider now directly owns 53,089 shares of the company’s stock, valued at approximately $3,927,524.22. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have modified their holdings of the company. New York State Common Retirement Fund boosted its position in shares of 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 during the period. Advantus Capital Management Inc boosted 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 valued at $3,080,000 after buying an additional 1,800 shares during the period. Rhumbline Advisers boosted 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 valued at $3,795,000 after buying an additional 1,320 shares during the period. California State Teachers Retirement System boosted 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 valued at $4,240,000 after buying an additional 1,147 shares during the period. Finally, Schroder Investment Management Group acquired a new position in shares of 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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