Janney Montgomery Scott LLC decreased its stake in National Health Investors, Inc. (NYSE:NHI) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 10,518 shares of the real estate investment trust’s stock after selling 602 shares during the period. Janney Montgomery Scott LLC’s holdings in National Health Investors were worth $833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its position 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 valued at $232,000 after buying an additional 55 shares in the last quarter. Advisors Asset Management Inc. raised its position in National Health Investors by 6.3% in the first quarter. Advisors Asset Management Inc. now owns 73,555 shares of the real estate investment trust’s stock valued at $5,342,000 after buying an additional 4,341 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position 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 in the last quarter. State Board of Administration of Florida Retirement System raised its position in National Health Investors by 0.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 25,268 shares of the real estate investment trust’s stock valued at $1,835,000 after buying an additional 140 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in National Health Investors by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 39,125 shares of the real estate investment trust’s stock valued at $2,842,000 after buying an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 69.10% of the company’s stock.

Shares of National Health Investors, Inc. (NYSE:NHI) opened at 77.64 on Tuesday. National Health Investors, Inc. has a 52 week low of $66.31 and a 52 week high of $82.53. The stock has a 50 day moving average price of $77.35 and a 200-day moving average price of $75.05. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 19.94 and a beta of 0.56.

National Health Investors (NYSE:NHI) last released its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by $0.36. The company had revenue of $69.84 million for the quarter, compared to the consensus estimate of $67.68 million. National Health Investors had a net margin of 59.24% and a return on equity of 12.56%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 earnings per share. On average, equities research analysts forecast that National Health Investors, Inc. will post $3.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, September 29th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.80 annualized dividend and a dividend yield of 4.89%. National Health Investors’s dividend payout ratio is currently 97.69%.

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Several research firms have issued reports on NHI. BidaskClub upgraded National Health Investors from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Mizuho reiterated a “neutral” rating on shares of National Health Investors in a research note on Wednesday, June 28th. Stifel Nicolaus increased their price objective on National Health Investors from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research lowered National Health Investors from a “buy” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, ValuEngine lowered National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. National Health Investors has a consensus rating of “Hold” and an average price target of $79.60.

National Health Investors Company Profile

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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