California Public Employees Retirement System lifted its stake in shares of National Health Investors Inc (NYSE:NHI) by 32.0% in the third quarter, HoldingsChannel.com reports. The fund owned 96,892 shares of the real estate investment trust’s stock after acquiring an additional 23,504 shares during the quarter. California Public Employees Retirement System’s holdings in National Health Investors were worth $7,983,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lee Danner & Bass Inc. lifted its holdings in shares of National Health Investors by 0.6% during the 2nd quarter. Lee Danner & Bass Inc. now owns 139,982 shares of the real estate investment trust’s stock worth $10,923,000 after acquiring an additional 800 shares during the last quarter. Rudd International Inc. bought a new stake in National Health Investors in the second quarter worth $1,060,000. Tuttle Tactical Management bought a new stake in National Health Investors in the third quarter worth $818,000. GSA Capital Partners LLP lifted its stake in National Health Investors by 94.8% in the second quarter. GSA Capital Partners LLP now owns 5,697 shares of the real estate investment trust’s stock worth $445,000 after purchasing an additional 2,773 shares during the last quarter. Finally, UBS Oconnor LLC lifted its stake in National Health Investors by 84.5% in the second quarter. UBS Oconnor LLC now owns 112,150 shares of the real estate investment trust’s stock worth $8,751,000 after purchasing an additional 51,350 shares during the last quarter. 69.57% of the stock is owned by institutional investors.
Several research firms have weighed in on NHI. Zacks Investment Research downgraded shares of National Health Investors from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th. ValuEngine raised shares of National Health Investors from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock currently has an average rating of “Sell” and a consensus price target of $79.50.
National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.42). The business had revenue of $81.68 million during the quarter, compared to the consensus estimate of $79.96 million. National Health Investors had a return on equity of 11.04% and a net margin of 50.18%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. As a group, equities analysts expect that National Health Investors Inc will post 5.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend is Monday, December 30th. National Health Investors’s dividend payout ratio is presently 76.64%.
In other news, Director James R. Jobe sold 900 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $83.23, for a total transaction of $74,907.00. Following the completion of the transaction, the director now directly owns 12,052 shares of the company’s stock, valued at $1,003,087.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.11% of the company’s stock.
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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