Swiss National Bank raised its holdings in National Health Investors Inc (NYSE:NHI) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,520 shares of the real estate investment trust’s stock after buying an additional 2,600 shares during the quarter. Swiss National Bank owned 0.18% of National Health Investors worth $6,205,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of National Health Investors by 0.5% in the 1st quarter. BlackRock Inc. now owns 4,238,190 shares of the real estate investment trust’s stock valued at $332,910,000 after purchasing an additional 21,764 shares in the last quarter. Hamlin Capital Management LLC lifted its position in National Health Investors by 32.9% during the 2nd quarter. Hamlin Capital Management LLC now owns 716,556 shares of the real estate investment trust’s stock valued at $55,913,000 after purchasing an additional 177,580 shares during the period. Geode Capital Management LLC lifted its position in National Health Investors by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 438,543 shares of the real estate investment trust’s stock valued at $33,127,000 after purchasing an additional 23,375 shares during the period. Public Employees Retirement Association of Colorado lifted its position in National Health Investors by 7.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 390,836 shares of the real estate investment trust’s stock valued at $30,497,000 after purchasing an additional 25,517 shares during the period. Finally, Barings LLC lifted its position in National Health Investors by 30.9% during the 1st quarter. Barings LLC now owns 255,401 shares of the real estate investment trust’s stock valued at $20,062,000 after purchasing an additional 60,332 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CIO Kevin Carlton Pascoe sold 900 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $82.46, for a total value of $74,214.00. Following the completion of the sale, the executive now directly owns 27,826 shares of the company’s stock, valued at approximately $2,294,531.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.11% of the company’s stock.
National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.45). The company had revenue of $78.10 million during the quarter, compared to the consensus estimate of $77.64 million. National Health Investors had a net margin of 50.71% and a return on equity of 11.00%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.38 earnings per share. As a group, research analysts anticipate that National Health Investors Inc will post 5.49 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.11%. National Health Investors’s dividend payout ratio (DPR) is presently 76.64%.
Separately, Zacks Investment Research downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $79.60.
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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