National Health Investors (NYSE:NHI) Downgraded to Hold at StockNews.com

StockNews.com cut shares of National Health Investors (NYSE:NHIFree Report) from a buy rating to a hold rating in a report published on Tuesday morning.

Several other equities research analysts have also recently commented on NHI. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Health Investors in a research report on Tuesday, January 30th. They issued a buy rating and a $69.00 price objective on the stock. Wells Fargo & Company raised shares of National Health Investors from an equal weight rating to an overweight rating and boosted their price objective for the company from $55.00 to $63.00 in a research report on Monday, February 26th. Wedbush boosted their price target on shares of National Health Investors from $64.00 to $66.00 and gave the stock an outperform rating in a research report on Monday, March 18th. Finally, BMO Capital Markets raised shares of National Health Investors from a market perform rating to an outperform rating and set a $67.00 price target on the stock in a research report on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $60.38.

Get Our Latest Stock Report on NHI

National Health Investors Trading Down 2.3 %

NHI opened at $60.31 on Tuesday. The stock has a market capitalization of $2.62 billion, a P/E ratio of 19.27 and a beta of 0.95. National Health Investors has a 12 month low of $47.54 and a 12 month high of $62.93. The firm’s fifty day simple moving average is $57.14 and its 200 day simple moving average is $54.57. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.90.

National Health Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.60 annualized dividend and a dividend yield of 5.97%. National Health Investors’s dividend payout ratio is presently 115.02%.

Insider Activity at National Health Investors

In related news, Director Charlotte A. Swafford purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $58.69 per share, for a total transaction of $586,900.00. Following the purchase, the director now owns 110,185 shares in the company, valued at $6,466,757.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NHI. Raymond James & Associates grew its position in shares of National Health Investors by 7.0% during the 1st quarter. Raymond James & Associates now owns 21,335 shares of the real estate investment trust’s stock worth $1,259,000 after purchasing an additional 1,403 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of National Health Investors by 5.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,806 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 368 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of National Health Investors by 29.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,092 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 1,150 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of National Health Investors by 53.0% during the 1st quarter. MetLife Investment Management LLC now owns 22,969 shares of the real estate investment trust’s stock worth $1,355,000 after purchasing an additional 7,957 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in shares of National Health Investors during the 1st quarter worth approximately $1,752,000. Institutional investors and hedge funds own 62.51% of the company’s stock.

About National Health Investors

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Incorporated in 1991, National Health Investors, Inc (NYSE:NHI) is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.

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