State Street Corp Has $66.88 Million Position in National Health Investors, Inc. (NYSE:NHI)

State Street Corp boosted its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 8.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 920,812 shares of the real estate investment trust’s stock after buying an additional 69,884 shares during the period. State Street Corp owned approximately 2.25% of National Health Investors worth $66,881,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NHI. BlackRock Inc. boosted its stake in National Health Investors by 6,473.4% in the first quarter. BlackRock Inc. now owns 3,328,567 shares of the real estate investment trust’s stock valued at $241,753,000 after buying an additional 3,277,930 shares during the period. Norges Bank purchased a new stake in National Health Investors during the fourth quarter valued at $28,878,000. Macquarie Group Ltd. boosted its stake in National Health Investors by 1,801.2% in the fourth quarter. Macquarie Group Ltd. now owns 214,834 shares of the real estate investment trust’s stock valued at $15,935,000 after buying an additional 203,534 shares during the period. Vanguard Group Inc. boosted its stake in National Health Investors by 3.3% in the first quarter. Vanguard Group Inc. now owns 6,219,436 shares of the real estate investment trust’s stock valued at $451,717,000 after buying an additional 201,133 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its stake in National Health Investors by 57.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 294,025 shares of the real estate investment trust’s stock valued at $21,355,000 after buying an additional 107,800 shares during the period. 69.09% of the stock is owned by institutional investors and hedge funds.

National Health Investors, Inc. (NHI) opened at 77.00 on Thursday. The company’s 50 day moving average is $77.72 and its 200-day moving average is $74.78. National Health Investors, Inc. has a 52-week low of $66.31 and a 52-week high of $82.53. The stock has a market cap of $3.16 billion, a PE ratio of 18.70 and a beta of 0.57.

National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, May 9th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $65.42 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. National Health Investors’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts anticipate that National Health Investors, Inc. will post $3.73 earnings per share for the current year.

The business also recently announced 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 dividend on an annualized basis and a yield of 4.94%. National Health Investors’s payout ratio is 92.23%.

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NHI has been the subject of several analyst reports. Bank of America Corporation cut shares of National Health Investors from a “neutral” rating to an “underperform” rating and set a $76.00 price target for the company. in a research note on Monday, May 22nd. 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 note on Wednesday, May 10th. Stifel Nicolaus increased 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 note on Wednesday, June 21st. BidaskClub cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, ValuEngine cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average 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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