State Board of Administration of Florida Retirement System decreased its holdings in shares of National Health Investors Inc (NYSE:NHI) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,990 shares of the real estate investment trust’s stock after selling 570 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in National Health Investors were worth $594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in National Health Investors by 1.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,025,218 shares of the real estate investment trust’s stock worth $83,534,000 after buying an additional 13,079 shares during the last quarter. Bank of New York Mellon Corp lifted its position in National Health Investors by 32.3% in the 4th quarter. Bank of New York Mellon Corp now owns 793,760 shares of the real estate investment trust’s stock worth $64,675,000 after buying an additional 193,903 shares during the last quarter. Bank of America Corp DE lifted its position in National Health Investors by 3.2% in the 4th quarter. Bank of America Corp DE now owns 678,762 shares of the real estate investment trust’s stock worth $55,305,000 after buying an additional 20,905 shares during the last quarter. Geode Capital Management LLC lifted its position in National Health Investors by 9.5% in the 4th quarter. Geode Capital Management LLC now owns 610,121 shares of the real estate investment trust’s stock worth $49,712,000 after buying an additional 53,107 shares during the last quarter. Finally, Norges Bank bought a new stake in National Health Investors in the 4th quarter worth approximately $43,207,000. 70.53% of the stock is owned by institutional investors.

In related news, CEO D. Eric Mendelsohn sold 4,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $90.58, for a total value of $362,320.00. Following the sale, the chief executive officer now directly owns 44,256 shares of the company’s stock, valued at $4,008,708.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CIO Kevin Carlton Pascoe sold 3,043 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $90.56, for a total value of $275,574.08. Following the completion of the sale, the executive now directly owns 30,625 shares in the company, valued at $2,773,400. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 29,576 shares of company stock worth $1,096,421. 5.74% of the stock is owned by insiders.

NHI has been the subject of a number of recent research reports. SunTrust Banks dropped their target price on National Health Investors from $77.00 to $61.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Mizuho downgraded National Health Investors from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $60.00 to $55.00 in a research report on Friday. Wells Fargo & Co lowered their price objective on National Health Investors from $82.00 to $51.00 and set an “equal weight” rating for the company in a research report on Thursday, March 26th. ValuEngine downgraded National Health Investors from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, Berenberg Bank assumed coverage on National Health Investors in a research report on Wednesday, February 5th. They issued a “buy” rating and a $94.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. National Health Investors currently has an average rating of “Hold” and an average target price of $67.57.

Shares of National Health Investors stock opened at $52.98 on Friday. The company has a quick ratio of 12.05, a current ratio of 12.05 and a debt-to-equity ratio of 1.03. The company has a market cap of $2.38 billion, a PE ratio of 12.58 and a beta of 0.85. The business has a 50 day moving average of $50.81 and a 200 day moving average of $71.49. National Health Investors Inc has a 52 week low of $31.37 and a 52 week high of $91.12.

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

National Health Investors Company 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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