National Health Investors, Inc. (NYSE:NHI) Director Robert A. Mccabe, Jr. bought 259 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average cost of $79.94 per share, for a total transaction of $20,704.46. Following the transaction, the director now owns 10,428 shares of the company’s stock, valued at approximately $833,614.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of National Health Investors, Inc. (NYSE NHI) traded up 0.55% during mid-day trading on Thursday, reaching $80.05. 4,012 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $77.39 and a 200-day moving average price of $75.39. National Health Investors, Inc. has a one year low of $66.31 and a one year high of $82.53. The stock has a market cap of $3.28 billion, a PE ratio of 20.56 and a beta of 0.56.

National Health Investors (NYSE:NHI) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by $0.36. National Health Investors had a net margin of 59.24% and a return on equity of 12.56%. The firm had revenue of $69.84 million during the quarter, compared to analysts’ expectations of $67.68 million. During the same period in the prior year, the company posted $1.22 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. On average, analysts predict that National Health Investors, Inc. will post $3.88 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, September 29th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Thursday, September 28th. National Health Investors’s dividend payout ratio is currently 97.69%.

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A number of equities analysts recently commented on NHI shares. BidaskClub cut National Health Investors from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Bank of America Corporation cut National Health Investors from a “neutral” rating to an “underperform” rating and set a $76.00 price objective for the company. in a report on Monday, May 22nd. ValuEngine cut National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded 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. Finally, Stifel Nicolaus boosted their price target on National Health Investors from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $81.20.

Several large investors have recently made changes to their positions in the stock. Teachers Advisors LLC increased its stake in shares of National Health Investors by 3.7% in the fourth quarter. Teachers Advisors LLC now owns 61,777 shares of the real estate investment trust’s stock valued at $4,582,000 after buying an additional 2,199 shares in the last quarter. Nisa Investment Advisors LLC increased its position in National Health Investors by 2.2% in the first quarter. Nisa Investment Advisors LLC now owns 24,000 shares of the real estate investment trust’s stock valued at $1,743,000 after buying an additional 525 shares in the last quarter. Janney Montgomery Scott LLC increased its position in National Health Investors by 0.7% in the first quarter. Janney Montgomery Scott LLC now owns 11,120 shares of the real estate investment trust’s stock valued at $808,000 after buying an additional 74 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in National Health Investors by 2.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 192,515 shares of the real estate investment trust’s stock valued at $13,982,000 after buying an additional 5,117 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. increased its position in National Health Investors by 3.0% in the first quarter. Adams Diversified Equity Fund Inc. now owns 13,700 shares of the real estate investment trust’s stock valued at $995,000 after buying an additional 400 shares in the last quarter. 70.58% of the stock is currently owned by institutional investors and hedge funds.

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.

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