National Health Investors (NYSE:NHI) Downgraded by Zacks Investment Research to “Sell”

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Zacks Investment Research cut shares of National Health Investors (NYSE:NHI) from a hold rating to a sell rating in a research note released on Wednesday, Zacks.com reports.

According to Zacks, “National Health Investors, Inc. is a real estate investment trust which invests in income producing health care properties primarily in the long-term care industry. The company provides current income for distribution to stockholders through investments in health care related facilities, including long-term care facilities, acute care hospitals, medical office buildings, retirement centers and assisted living facilities. “

Separately, ValuEngine cut National Health Investors from a hold rating to a sell rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. National Health Investors currently has a consensus rating of Sell and an average target price of $79.60.

National Health Investors stock traded down $0.04 during mid-day trading on Wednesday, hitting $82.80. The stock had a trading volume of 177,557 shares, compared to its average volume of 202,311. The stock has a 50-day simple moving average of $82.86 and a two-hundred day simple moving average of $79.73. The stock has a market capitalization of $3.59 billion, a PE ratio of 15.11, a P/E/G ratio of 3.78 and a beta of 0.29. National Health Investors has a 12 month low of $70.54 and a 12 month high of $84.75. The company has a current ratio of 14.42, a quick ratio of 14.42 and a debt-to-equity ratio of 1.04.

National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.45). The firm 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%. National Health Investors’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 EPS. Sell-side analysts expect that National Health Investors will post 5.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Friday, September 27th. National Health Investors’s dividend payout ratio (DPR) is currently 76.64%.

In other National Health Investors news, CIO Kevin Carlton Pascoe sold 900 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $82.46, for a total transaction of $74,214.00. Following the transaction, the executive now owns 27,826 shares in the company, valued at $2,294,531.96. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.11% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NHI. Nuveen Asset Management LLC boosted its holdings in National Health Investors by 6,428.7% during the second quarter. Nuveen Asset Management LLC now owns 558,527 shares of the real estate investment trust’s stock worth $43,582,000 after buying an additional 549,972 shares during the last quarter. Hamlin Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of National Health Investors by 30.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 395,260 shares of the real estate investment trust’s stock valued at $30,842,000 after purchasing an additional 91,271 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of National Health Investors by 9.2% during the 2nd quarter. Northern Trust Corp now owns 1,040,634 shares of the real estate investment trust’s stock valued at $81,201,000 after purchasing an additional 87,553 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of National Health Investors by 15.7% during the 2nd quarter. Bank of America Corp DE now owns 639,607 shares of the real estate investment trust’s stock valued at $49,909,000 after purchasing an additional 86,995 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

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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