Cambridge Investment Research Advisors Inc. raised its position in shares of National Health Investors Inc (NYSE:NHI) by 6.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,947 shares of the real estate investment trust’s stock after purchasing an additional 507 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in National Health Investors were worth $624,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in NHI. ERTS Wealth Advisors LLC bought a new position in shares of National Health Investors in the 4th quarter worth about $25,000. Farmers National Bank purchased a new position in National Health Investors during the first quarter valued at approximately $49,000. Oppenheimer Asset Management Inc. purchased a new position in National Health Investors during the fourth quarter valued at approximately $52,000. Quadrant Capital Group LLC lifted its holdings in shares of National Health Investors by 306.7% in the first quarter. Quadrant Capital Group LLC now owns 793 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 598 shares in the last quarter. Finally, Liberty Wealth Management LLC purchased a new position in shares of National Health Investors in the fourth quarter worth $69,000. 69.80% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research downgraded National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets downgraded National Health Investors from a “market perform” rating to an “underperform” rating and set a $78.00 price objective for the company. in a research report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $80.17.
National Health Investors (NYSE:NHI) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.48). National Health Investors had a net margin of 50.87% and a return on equity of 10.96%. The firm had revenue of $76.11 million for the quarter, compared to analyst estimates of $73.21 million. During the same period in the previous year, the business posted $1.35 EPS. National Health Investors’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts expect that National Health Investors Inc will post 5.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, June 28th will be paid a dividend of $1.05 per share. The ex-dividend date is Thursday, June 27th. This represents a $4.20 annualized dividend and a yield of 5.39%. National Health Investors’s dividend payout ratio is 76.64%.
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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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