Teachers Insurance & Annuity Association of America trimmed its holdings in shares of National Health Investors Inc (NYSE:NHI) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,796 shares of the real estate investment trust’s stock after selling 856 shares during the period. Teachers Insurance & Annuity Association of America owned 0.12% of National Health Investors worth $3,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in NHI. Raymond James & Associates raised its stake in shares of National Health Investors by 14.8% during the 4th quarter. Raymond James & Associates now owns 7,379 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 951 shares during the period. LPL Financial LLC raised its stake in shares of National Health Investors by 45.9% during the 4th quarter. LPL Financial LLC now owns 5,009 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 1,575 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of National Health Investors by 19.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 900 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of National Health Investors by 5.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 39,534 shares of the real estate investment trust’s stock worth $2,660,000 after purchasing an additional 2,120 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of National Health Investors during the 1st quarter worth $434,000. 70.67% of the stock is owned by hedge funds and other institutional investors.

NHI has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $83.00 target price on National Health Investors and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded National Health Investors from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Wednesday, July 25th. SunTrust Banks restated a “hold” rating and issued a $79.00 price objective on shares of National Health Investors in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Cantor Fitzgerald restated a “hold” rating and issued a $75.00 price objective on shares of National Health Investors in a research note on Tuesday, May 8th. Finally, Wells Fargo & Co set a $75.00 price objective on National Health Investors and gave the company a “market perform” rating in a research note on Thursday, May 31st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $75.44.

Shares of National Health Investors stock opened at $78.94 on Friday. National Health Investors Inc has a 52-week low of $62.71 and a 52-week high of $81.60. The stock has a market capitalization of $3.22 billion, a P/E ratio of 14.81, a PEG ratio of 3.30 and a beta of 0.43. The company has a current ratio of 15.56, a quick ratio of 15.56 and a debt-to-equity ratio of 0.90.

National Health Investors (NYSE:NHI) last announced its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). National Health Investors had a net margin of 53.16% and a return on equity of 11.49%. The firm had revenue of $72.96 million during the quarter, compared to the consensus estimate of $73.80 million. sell-side analysts forecast that National Health Investors Inc will post 5.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, September 28th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Thursday, September 27th. National Health Investors’s dividend payout ratio is currently 75.05%.

National Health Investors Company Profile

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.

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

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