Geode Capital Management LLC Increases Stake in National Health Investors, Inc. (NHI)

Geode Capital Management LLC boosted its position in National Health Investors, Inc. (NYSE:NHI) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 about 0.75% of National Health Investors worth $21,718,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in National Health Investors during the first quarter worth 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 worth $212,000 after buying an additional 182 shares during the last quarter. Doyle Wealth Management purchased a new stake in National Health Investors during the first quarter worth 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 worth $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 worth $245,000 after buying an additional 100 shares during the last quarter. 69.03% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors, Inc. (NYSE NHI) opened at 76.92 on Wednesday. National Health Investors, Inc. has a 52-week low of $66.31 and a 52-week high of $82.53. The stock’s 50 day moving average price is $76.91 and its 200 day moving average price is $74.32. The company has a market cap of $3.15 billion, a P/E ratio of 18.68 and a beta of 0.57.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Friday, June 30th will be issued a $0.95 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $3.80 annualized dividend and a dividend yield of 4.94%. National Health Investors’s dividend payout ratio is presently 92.23%.

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A number of analysts have issued reports on the company. BidaskClub downgraded National Health Investors from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine downgraded National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Mizuho reissued a “neutral” rating on shares of National Health Investors in a research report on Wednesday, June 28th. Stifel Nicolaus boosted their target price on National Health Investors from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. Finally, Zacks Investment Research downgraded National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. National Health Investors currently has an average rating of “Hold” and an average price target 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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