National Health Investors (NYSE:NHI) Reaches New 52-Week High at $84.76

Shares of National Health Investors Inc (NYSE:NHI) reached a new 52-week high during trading on Monday . The stock traded as high as $84.76 and last traded at $84.76, with a volume of 11899 shares trading hands. The stock had previously closed at $84.29.

Several analysts recently commented on NHI shares. Zacks Investment Research raised shares of National Health Investors from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine lowered shares of National Health Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $79.60.

The stock’s fifty day moving average price is $83.06 and its 200-day moving average price is $79.96. The company has a debt-to-equity ratio of 1.04, a current ratio of 14.42 and a quick ratio of 14.42. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 3.81 and a beta of 0.29.

National Health Investors (NYSE:NHI) last released 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 Zacks’ consensus estimate of $1.37 by ($0.45). The firm had revenue of $78.10 million for the quarter, compared to analyst estimates of $77.64 million. National Health Investors had a net margin of 50.71% and a return on equity of 11.00%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.38 EPS. As a group, equities research analysts predict that National Health Investors Inc will post 5.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be paid a $1.05 dividend. The ex-dividend date is Friday, September 27th. This represents a $4.20 annualized dividend and a yield of 4.96%. National Health Investors’s dividend payout ratio is presently 76.64%.

In other National Health Investors news, Director James R. Jobe sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $83.23, for a total value of $74,907.00. Following the transaction, the director now owns 12,052 shares in the company, valued at approximately $1,003,087.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.11% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Lee Danner & Bass Inc. increased its stake in shares of National Health Investors by 0.6% during the 2nd quarter. Lee Danner & Bass Inc. now owns 139,982 shares of the real estate investment trust’s stock worth $10,923,000 after purchasing an additional 800 shares during the last quarter. Rudd International Inc. acquired a new position in shares of National Health Investors during the 2nd quarter worth $1,060,000. GSA Capital Partners LLP increased its stake in shares of National Health Investors by 94.8% during the 2nd quarter. GSA Capital Partners LLP now owns 5,697 shares of the real estate investment trust’s stock worth $445,000 after purchasing an additional 2,773 shares during the last quarter. UBS Oconnor LLC boosted its holdings in shares of National Health Investors by 84.5% during the 2nd quarter. UBS Oconnor LLC now owns 112,150 shares of the real estate investment trust’s stock worth $8,751,000 after buying an additional 51,350 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of National Health Investors by 6.1% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,617 shares of the real estate investment trust’s stock worth $672,000 after buying an additional 495 shares during the period. Institutional investors own 69.71% of the company’s stock.

National Health Investors Company Profile (NYSE:NHI)

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.

Further Reading: What are the benefits of a portfolio tracker?

Receive News & Ratings for National Health Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Health Investors and related companies with MarketBeat.com's FREE daily email newsletter.