Teachers Insurance & Annuity Association of America Has $3.54 Million Stake in National Health Investors, Inc. (NHI)

Teachers Insurance & Annuity Association of America grew its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 21.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,652 shares of the real estate investment trust’s stock after buying an additional 9,358 shares during the period. Teachers Insurance & Annuity Association of America owned 0.13% of National Health Investors worth $3,543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of National Health Investors by 30.4% during the fourth quarter. Renaissance Technologies LLC now owns 471,700 shares of the real estate investment trust’s stock valued at $35,557,000 after buying an additional 110,000 shares during the period. Teachers Advisors LLC increased its position in shares of National Health Investors by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 73,019 shares of the real estate investment trust’s stock worth $5,504,000 after purchasing an additional 1,941 shares during the last quarter. Swiss National Bank increased its position in shares of National Health Investors by 1.9% in the fourth quarter. Swiss National Bank now owns 69,820 shares of the real estate investment trust’s stock worth $5,263,000 after purchasing an additional 1,300 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of National Health Investors in the fourth quarter worth approximately $1,400,000. Finally, Stephens Inc. AR bought a new position in shares of National Health Investors in the fourth quarter worth approximately $238,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Several research firms recently weighed in on NHI. KeyCorp decreased their price objective on shares of National Health Investors from $70.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, April 17th. Mizuho restated a “hold” rating and issued a $70.00 price objective on shares of National Health Investors in a research report on Monday, February 26th. SunTrust Banks set a $70.00 price objective on shares of National Health Investors and gave the stock a “hold” rating in a research report on Saturday, February 17th. 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 report on Tuesday, May 8th. Finally, Stifel Nicolaus set a $76.00 price objective on shares of National Health Investors and gave the stock a “buy” rating in a research report on Saturday, February 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $73.56.

In other news, VP John L. Spaid bought 500 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was acquired at an average price of $64.95 per share, with a total value of $32,475.00. Following the completion of the purchase, the vice president now directly owns 971 shares in the company, valued at $63,066.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO D. Eric Mendelsohn acquired 2,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were bought at an average cost of $65.47 per share, with a total value of $130,940.00. Following the purchase, the chief executive officer now owns 10,580 shares of the company’s stock, valued at approximately $692,672.60. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,812 shares of company stock valued at $183,910. 5.19% of the stock is owned by insiders.

Shares of NHI opened at $69.61 on Thursday. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 3.60 and a beta of 0.42. The company has a quick ratio of 15.21, a current ratio of 15.21 and a debt-to-equity ratio of 0.88. National Health Investors, Inc. has a 1 year low of $69.41 and a 1 year high of $69.94.

National Health Investors (NYSE:NHI) last issued its earnings results on Friday, February 16th. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.43). The firm had revenue of $71.06 million during the quarter, compared to analysts’ expectations of $71.36 million. National Health Investors had a return on equity of 11.69% and a net margin of 53.88%. sell-side analysts anticipate that National Health Investors, Inc. will post 5.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 10th. Shareholders of record on Friday, June 29th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend is Thursday, June 28th. 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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