National Health Investors, Inc. (NHI) Position Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,030 shares of the real estate investment trust’s stock after buying an additional 17,839 shares during the period. Geode Capital Management LLC owned 0.75% of National Health Investors worth $21,718,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in National Health Investors during the first quarter valued at about $201,000. Ladenburg Thalmann Financial Services Inc. increased its stake in National Health Investors by 6.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,861 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 182 shares during the last quarter. Doyle Wealth Management acquired a new stake in National Health Investors during the first quarter valued at about $227,000. Daiwa Securities Group Inc. increased its stake in National Health Investors by 1.7% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 55 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in National Health Investors by 3.1% in the fourth quarter. New York State Teachers Retirement System now owns 3,300 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 100 shares during the last quarter. 69.47% of the stock is owned by institutional investors and hedge funds.

National Health Investors, Inc. (NHI) traded down 0.53% during trading on Friday, reaching $75.70. 126,034 shares of the company’s stock were exchanged. National Health Investors, Inc. has a 12 month low of $66.31 and a 12 month high of $82.53. The firm has a 50 day moving average of $77.85 and a 200-day moving average of $74.96. The stock has a market cap of $3.10 billion, a PE ratio of 18.38 and a beta of 0.56.

National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, May 9th. The real estate investment trust reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by $0.16. National Health Investors had a return on equity of 13.36% and a net margin of 63.72%. The company had revenue of $66.39 million during the quarter, compared to analysts’ expectations of $65.42 million. During the same period in the prior year, the company posted $1.16 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts anticipate that National Health Investors, Inc. will post $3.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Friday, June 30th will be paid a $0.95 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 5.02%. National Health Investors’s dividend payout ratio is currently 92.23%.

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NHI has been the subject of several research reports. BidaskClub raised shares of National Health Investors from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Stifel Nicolaus lifted their price target on shares of National Health Investors from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of National Health Investors from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Wednesday, May 10th. ValuEngine downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Mizuho reaffirmed a “neutral” rating on shares of National Health Investors in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. National Health Investors presently has an average rating of “Hold” and a consensus target price of $79.17.

About National Health Investors

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.

Institutional Ownership by Quarter for National Health Investors (NYSE:NHI)

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