Arizona State Retirement System bought a new position in shares of National Health Investors Inc (NYSE:NHI) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,320 shares of the real estate investment trust’s stock, valued at approximately $511,000.

Other hedge funds have also bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of National Health Investors by 176.6% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,408 shares of the real estate investment trust’s stock valued at $1,803,000 after purchasing an additional 23,244 shares during the period. Monarch Partners Asset Management LLC acquired a new stake in shares of National Health Investors in the 1st quarter valued at about $3,715,000. KBC Group NV acquired a new stake in shares of National Health Investors in the first quarter valued at about $110,000. Prudential PLC increased its position in shares of National Health Investors by 35.3% in the first quarter. Prudential PLC now owns 5,237 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 1,366 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of National Health Investors by 13.0% in the first quarter. Avantax Advisory Services Inc. now owns 5,965 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 684 shares during the last quarter. Hedge funds and other institutional investors own 70.53% of the company’s stock.

In other news, Director Robert T. Webb acquired 2,151 shares of National Health Investors stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $46.28 per share, for a total transaction of $99,548.28. Following the completion of the acquisition, the director now directly owns 63,339 shares in the company, valued at approximately $2,931,328.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Andrew Adams acquired 27,000 shares of National Health Investors stock in a transaction dated Monday, March 23rd. The shares were purchased at an average price of $36.16 per share, with a total value of $976,320.00. Following the acquisition, the director now owns 759,784 shares of the company’s stock, valued at $27,473,789.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 29,576 shares of company stock valued at $1,096,421. Corporate insiders own 5.74% of the company’s stock.

NHI has been the topic of a number of recent research reports. Berenberg Bank initiated coverage on National Health Investors in a research report on Wednesday, February 5th. They issued a “buy” rating and a $94.00 target price on the stock. Mizuho downgraded National Health Investors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $60.00 to $55.00 in a research report on Friday. KeyCorp lowered their target price on National Health Investors from $43.00 to $40.00 and set an “underweight” rating on the stock in a research report on Thursday, May 14th. SunTrust Banks lowered their target price on National Health Investors from $77.00 to $61.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Finally, ValuEngine downgraded National Health Investors from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.57.

Shares of NYSE NHI opened at $52.98 on Friday. The business’s 50 day moving average price is $50.81 and its two-hundred day moving average price is $71.49. The company has a market cap of $2.38 billion, a PE ratio of 12.58 and a beta of 0.85. The company has a quick ratio of 12.05, a current ratio of 12.05 and a debt-to-equity ratio of 1.03. National Health Investors Inc has a twelve month low of $31.37 and a twelve month high of $91.12.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.03). National Health Investors had a return on equity of 12.62% and a net margin of 57.16%. The business had revenue of $83.08 million for the quarter, compared to analyst estimates of $80.77 million. During the same period last year, the firm earned $1.31 EPS. National Health Investors’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts anticipate that National Health Investors Inc will post 5.59 EPS for the current fiscal year.

National Health Investors Profile

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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Institutional Ownership by Quarter for National Health Investors (NYSE:NHI)

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