Zacks Investment Research downgraded shares of National Health Investors (NYSE:NHI) from a buy rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “National Health Investors, Inc. is a real estate investment trust which invests in income producing health care properties primarily in the long-term care industry. The company provides current income for distribution to stockholders through investments in health care related facilities, including long-term care facilities, acute care hospitals, medical office buildings, retirement centers and assisted living facilities. “

Shares of NHI traded up $0.81 during mid-day trading on Wednesday, reaching $82.50. The company’s stock had a trading volume of 3,613 shares, compared to its average volume of 154,266. National Health Investors has a 1-year low of $70.54 and a 1-year high of $84.57. The stock has a market cap of $3.54 billion, a PE ratio of 15.05, a P/E/G ratio of 3.76 and a beta of 0.37. The business’s 50-day moving average price is $79.62. The company has a current ratio of 14.99, a quick ratio of 14.99 and a debt-to-equity ratio of 0.91.

National Health Investors (NYSE:NHI) last released its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.45). National Health Investors had a net margin of 50.71% and a return on equity of 11.06%. The business had revenue of $78.10 million during the quarter, compared to analyst estimates of $77.64 million. During the same period in the previous year, the business earned $1.38 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts predict that National Health Investors will post 5.49 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.09%. National Health Investors’s dividend payout ratio (DPR) is currently 76.64%.

In other news, CIO Kevin Carlton Pascoe sold 900 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $82.46, for a total transaction of $74,214.00. Following the transaction, the executive now owns 27,826 shares in the company, valued at $2,294,531.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.11% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in NHI. Nuveen Asset Management LLC increased its stake in National Health Investors by 6,428.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 558,527 shares of the real estate investment trust’s stock worth $43,582,000 after acquiring an additional 549,972 shares during the period. Hamlin Capital Management LLC increased its stake in National Health Investors by 32.9% during the 2nd quarter. Hamlin Capital Management LLC now owns 716,556 shares of the real estate investment trust’s stock worth $55,913,000 after acquiring an additional 177,580 shares during the period. Bank of New York Mellon Corp increased its stake in National Health Investors by 30.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 395,260 shares of the real estate investment trust’s stock worth $30,842,000 after acquiring an additional 91,271 shares during the period. Northern Trust Corp increased its stake in National Health Investors by 9.2% during the 2nd quarter. Northern Trust Corp now owns 1,040,634 shares of the real estate investment trust’s stock worth $81,201,000 after acquiring an additional 87,553 shares during the period. Finally, Bank of America Corp DE increased its stake in National Health Investors by 15.7% during the 2nd quarter. Bank of America Corp DE now owns 639,607 shares of the real estate investment trust’s stock worth $49,909,000 after acquiring an additional 86,995 shares during the period. Institutional investors own 70.14% of the company’s stock.

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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