Family Legacy Inc. purchased a new stake in shares of National Health Investors Inc (NYSE:NHI) during the first quarter, Holdings Channel reports. The fund purchased 17,050 shares of the real estate investment trust’s stock, valued at approximately $1,238,000.
A number of other hedge funds also recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in National Health Investors during the third quarter valued at about $1,013,000. Credit Agricole S A boosted its stake in National Health Investors by 40.9% in the fourth quarter. Credit Agricole S A now owns 27,455 shares of the real estate investment trust’s stock valued at $2,036,000 after buying an additional 7,972 shares in the last quarter. Guggenheim Capital LLC boosted its stake in National Health Investors by 130.7% in the fourth quarter. Guggenheim Capital LLC now owns 65,111 shares of the real estate investment trust’s stock valued at $4,829,000 after buying an additional 36,885 shares in the last quarter. GW&K Investment Management LLC boosted its stake in National Health Investors by 1.2% in the first quarter. GW&K Investment Management LLC now owns 641,556 shares of the real estate investment trust’s stock valued at $46,596,000 after buying an additional 7,335 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in National Health Investors by 167.9% in the third quarter. Public Employees Retirement Association of Colorado now owns 186,225 shares of the real estate investment trust’s stock valued at $14,615,000 after buying an additional 116,700 shares in the last quarter. 72.31% of the stock is currently owned by hedge funds and other institutional investors.
National Health Investors Inc (NYSE:NHI) traded up 0.22% during mid-day trading on Friday, reaching $76.41. 188,278 shares of the company’s stock traded hands. National Health Investors Inc has a 12 month low of $66.31 and a 12 month high of $82.53. The stock has a market capitalization of $3.13 billion, a PE ratio of 18.56 and a beta of 0.56. The firm’s 50-day moving average price is $74.17 and its 200 day moving average price is $73.10.
National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, May 9th. The real estate investment trust reported $1.10 EPS for the quarter, missing the consensus estimate of $1.26 by $0.16. The firm had revenue of $66.39 million during the quarter, compared to the consensus estimate of $65.42 million. National Health Investors had a return on equity of 14.12% and a net margin of 68.03%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. Equities research analysts predict that National Health Investors Inc will post $3.73 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Friday, June 30th will be given a $0.95 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $3.80 annualized dividend and a yield of 4.98%. National Health Investors’s dividend payout ratio (DPR) is currently 84.11%.
Several analysts recently issued reports on NHI shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $75.00 price target on shares of National Health Investors in a report on Tuesday, February 21st. Zacks Investment Research upgraded shares of National Health Investors from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Wednesday, May 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. National Health Investors presently has an average rating of “Hold” and an average target price of $79.25.
National Health Investors Company Profile
National Health Investors, Inc 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 is engaged in the business of owning and financing healthcare properties.
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