Family Legacy Inc. trimmed its stake in National Health Investors Inc (NYSE:NHI) by 32.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,500 shares of the real estate investment trust’s stock after selling 5,615 shares during the period. National Health Investors makes up 2.3% of Family Legacy Inc.’s investment portfolio, making the stock its 24th largest holding. Family Legacy Inc.’s holdings in National Health Investors were worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jacobi Capital Management LLC grew its position in shares of National Health Investors by 187.7% in the 3rd quarter. Jacobi Capital Management LLC now owns 1,827 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 1,192 shares during the last quarter. Fortaleza Asset Management Inc. grew its position in shares of National Health Investors by 123.7% in the 3rd quarter. Fortaleza Asset Management Inc. now owns 2,740 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 1,515 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of National Health Investors in the 2nd quarter valued at $214,000. Allegis Investment Advisors LLC purchased a new position in shares of National Health Investors in the 2nd quarter valued at $216,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of National Health Investors in the 3rd quarter valued at $237,000. 70.52% of the stock is currently owned by hedge funds and other institutional investors.

NHI has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Capital One Financial initiated coverage on shares of National Health Investors in a research report on Monday, October 23rd. They issued an “equal weight” rating on the stock. ValuEngine raised shares of National Health Investors from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $82.00 target price on shares of National Health Investors in a research report on Wednesday, October 4th. Finally, KeyCorp reaffirmed a “hold” rating on shares of National Health Investors in a research report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. National Health Investors presently has an average rating of “Hold” and an average target price of $80.14.

Shares of National Health Investors Inc (NYSE:NHI) traded up $0.54 during trading hours on Wednesday, reaching $79.02. 159,700 shares of the company were exchanged, compared to its average volume of 207,767. The firm has a market cap of $3,259.44, a PE ratio of 15.06, a P/E/G ratio of 3.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.84, a quick ratio of 12.72 and a current ratio of 12.72. National Health Investors Inc has a 12-month low of $68.96 and a 12-month high of $81.21.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, December 28th. National Health Investors’s dividend payout ratio is currently 95.00%.

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

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