New York State Teachers Retirement System lowered its stake in National Health Investors, Inc. (NYSE:NHI) by 24.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,500 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. New York State Teachers Retirement System’s holdings in National Health Investors were worth $193,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NHI. BlackRock Inc. lifted its holdings in shares of National Health Investors by 6.6% in the second quarter. BlackRock Inc. now owns 3,547,049 shares of the real estate investment trust’s stock worth $280,927,000 after acquiring an additional 218,482 shares during the last quarter. State Street Corp raised its holdings in National Health Investors by 8.5% in the 2nd quarter. State Street Corp now owns 999,167 shares of the real estate investment trust’s stock valued at $79,133,000 after buying an additional 78,355 shares during the last quarter. Vanguard Group Inc. raised its holdings in National Health Investors by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 6,291,954 shares of the real estate investment trust’s stock valued at $498,323,000 after buying an additional 72,518 shares during the last quarter. Renaissance Technologies LLC bought a new position in National Health Investors in the 1st quarter valued at approximately $4,796,000. Finally, Employees Retirement System of Texas raised its holdings in National Health Investors by 353.3% in the 2nd quarter. Employees Retirement System of Texas now owns 81,600 shares of the real estate investment trust’s stock valued at $6,463,000 after buying an additional 63,600 shares during the last quarter. 70.14% of the stock is owned by hedge funds and other institutional investors.

Shares of National Health Investors, Inc. (NYSE NHI) opened at $77.40 on Thursday. The company has a market cap of $3,271.07, a P/E ratio of 15.12, a PEG ratio of 3.90 and a beta of 0.58. National Health Investors, Inc. has a 52-week low of $68.75 and a 52-week high of $81.21. The company has a current ratio of 12.72, a quick ratio of 12.72 and a debt-to-equity ratio of 0.84.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend is Thursday, December 28th. National Health Investors’s dividend payout ratio (DPR) is 95.00%.

A number of brokerages recently issued reports on NHI. BidaskClub lowered shares of National Health Investors from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Capital One Financial Corporation began coverage on shares of National Health Investors in a report on Monday, October 23rd. They issued an “equal weight” rating for the company. Zacks Investment Research lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. ValuEngine upgraded shares of National Health Investors from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Finally, Mizuho reiterated a “hold” rating and issued a $82.00 price objective on shares of National Health Investors in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $80.14.

In other news, insider Kevin Carlton Pascoe sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $79.80, for a total transaction of $159,600.00. Following the completion of the sale, the insider now owns 21,228 shares of the company’s stock, valued at approximately $1,693,994.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.19% of the company’s stock.

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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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