Sumitomo Mitsui Asset Management Company LTD reduced its holdings in National Health Investors Inc (NYSE:NHI) by 12.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 71,997 shares of the real estate investment trust’s stock after selling 10,171 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in National Health Investors were worth $5,655,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Raymond James & Associates boosted its holdings in National Health Investors by 3.1% in the 1st quarter. Raymond James & Associates now owns 62,906 shares of the real estate investment trust’s stock valued at $4,941,000 after purchasing an additional 1,916 shares during the period. California Public Employees Retirement System boosted its holdings in National Health Investors by 11.2% in the 1st quarter. California Public Employees Retirement System now owns 72,722 shares of the real estate investment trust’s stock valued at $5,712,000 after purchasing an additional 7,351 shares during the period. Stevens Capital Management LP bought a new stake in National Health Investors in the 1st quarter valued at about $264,000. Robeco Institutional Asset Management B.V. boosted its holdings in National Health Investors by 2.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 163,370 shares of the real estate investment trust’s stock valued at $12,833,000 after purchasing an additional 3,270 shares during the period. Finally, HL Financial Services LLC boosted its holdings in National Health Investors by 3.1% in the 1st quarter. HL Financial Services LLC now owns 12,328 shares of the real estate investment trust’s stock valued at $968,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 70.23% of the company’s stock.

NHI has been the subject of a number of recent research reports. Zacks Investment Research raised shares of National Health Investors from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. SunTrust Banks upped their price target on shares of National Health Investors to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $78.14.

In other news, Director Robert A. Mccabe, Jr. sold 1,181 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $78.04, for a total transaction of $92,165.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.11% of the company’s stock.

Shares of National Health Investors stock traded up $0.27 on Thursday, reaching $79.36. 244 shares of the stock were exchanged, compared to its average volume of 202,166. National Health Investors Inc has a one year low of $68.69 and a one year high of $84.57. The company has a current ratio of 14.99, a quick ratio of 14.99 and a debt-to-equity ratio of 0.91. The company has a market cap of $3.43 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 3.55 and a beta of 0.48.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.48). National Health Investors had a return on equity of 10.96% and a net margin of 50.87%. The firm had revenue of $76.11 million for the quarter, compared to the consensus estimate of $73.21 million. During the same period last year, the company posted $1.35 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Research analysts forecast that National Health Investors Inc will post 5.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, June 28th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend is Thursday, June 27th. National Health Investors’s dividend payout ratio (DPR) is presently 76.64%.

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About National Health Investors

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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