ARP Americas LP acquired a new position in shares of National Health Investors Inc (NYSE:NHI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,800 shares of the real estate investment trust’s stock, valued at approximately $413,000.
A number of other institutional investors have also recently added to or reduced their stakes in NHI. Norges Bank acquired a new stake in National Health Investors during the fourth quarter worth about $43,207,000. Hamlin Capital Management LLC increased its position in National Health Investors by 30.8% during the second quarter. Hamlin Capital Management LLC now owns 861,573 shares of the real estate investment trust’s stock worth $52,315,000 after purchasing an additional 202,821 shares during the last quarter. M Holdings Securities Inc. purchased a new position in National Health Investors during the first quarter worth about $9,308,000. Bank of New York Mellon Corp boosted its stake in National Health Investors by 13.5% during the first quarter. Bank of New York Mellon Corp now owns 900,976 shares of the real estate investment trust’s stock worth $44,617,000 after buying an additional 107,216 shares during the period. Finally, State Street Corp boosted its stake in National Health Investors by 6.8% during the first quarter. State Street Corp now owns 1,586,198 shares of the real estate investment trust’s stock worth $80,076,000 after buying an additional 100,818 shares during the period. Hedge funds and other institutional investors own 68.92% of the company’s stock.
Shares of NYSE NHI traded down $1.54 during midday trading on Friday, hitting $62.00. The company’s stock had a trading volume of 387,638 shares, compared to its average volume of 260,759. The business’s fifty day simple moving average is $59.57 and its two-hundred day simple moving average is $63.97. The company has a debt-to-equity ratio of 1.03, a current ratio of 12.05 and a quick ratio of 12.05. National Health Investors Inc has a 1 year low of $31.37 and a 1 year high of $91.12. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 14.73 and a beta of 0.84.
National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.03). National Health Investors had a return on equity of 12.62% and a net margin of 57.16%. The firm had revenue of $83.08 million during the quarter, compared to analysts’ expectations of $80.77 million. During the same quarter in the prior year, the firm earned $1.31 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Analysts anticipate that National Health Investors Inc will post 5.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Tuesday, June 30th will be paid a $1.102 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $4.41 dividend on an annualized basis and a yield of 7.11%. National Health Investors’s dividend payout ratio is currently 80.18%.
Several brokerages have weighed in on NHI. KeyCorp lowered their target price on shares of National Health Investors from $43.00 to $40.00 and set an “underweight” rating for the company in a research note on Thursday, May 14th. Wells Fargo & Co increased their target price on shares of National Health Investors from $54.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 17th. Mizuho lowered shares of National Health Investors from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $60.00 to $55.00 in a research note on Friday, May 22nd. SunTrust Banks increased their target price on shares of National Health Investors from $61.00 to $64.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Finally, TheStreet raised shares of National Health Investors from a “c” rating to a “b-” rating in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. National Health Investors currently has an average rating of “Hold” and an average price target of $70.14.
About National Health Investors
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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