Bank of New York Mellon Corp Buys 29,919 Shares of National Health Investors, Inc. (NHI)

Bank of New York Mellon Corp lifted its stake in National Health Investors, Inc. (NYSE:NHI) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 332,014 shares of the real estate investment trust’s stock after purchasing an additional 29,919 shares during the period. Bank of New York Mellon Corp owned about 0.81% of National Health Investors worth $26,296,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in National Health Investors by 9.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 161,309 shares of the real estate investment trust’s stock worth $11,716,000 after buying an additional 14,297 shares during the last quarter. BlackRock Inc. lifted its holdings in National Health Investors by 6,473.4% during the 1st quarter. BlackRock Inc. now owns 3,328,567 shares of the real estate investment trust’s stock worth $241,753,000 after buying an additional 3,277,930 shares during the last quarter. Bank of America Corp DE lifted its holdings in National Health Investors by 2.5% during the 1st quarter. Bank of America Corp DE now owns 388,780 shares of the real estate investment trust’s stock worth $28,238,000 after buying an additional 9,538 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in National Health Investors by 1.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 55 shares during the last quarter. Finally, UBS Group AG lifted its holdings in National Health Investors by 57.9% during the 1st quarter. UBS Group AG now owns 43,401 shares of the real estate investment trust’s stock worth $3,152,000 after buying an additional 15,918 shares during the last quarter. Hedge funds and other institutional investors own 70.58% of the company’s stock.

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

Shares of National Health Investors, Inc. (NHI) opened at 79.79 on Wednesday. National Health Investors, Inc. has a one year low of $66.31 and a one year high of $81.29. The stock has a market capitalization of $3.27 billion, a P/E ratio of 20.49 and a beta of 0.56. The firm’s 50-day moving average price is $78.24 and its 200-day moving average price is $75.83.

National Health Investors (NYSE:NHI) last posted its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.36). The firm had revenue of $69.84 million during the quarter, compared to analysts’ expectations of $67.68 million. National Health Investors had a net margin of 59.24% and a return on equity of 12.56%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.22 earnings per share. Equities research analysts anticipate that National Health Investors, Inc. will post $3.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, September 29th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.80 dividend on an annualized basis and a yield of 4.76%. National Health Investors’s payout ratio is currently 97.69%.

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A number of analysts have issued reports on NHI shares. Bank of America Corporation downgraded National Health Investors from a “neutral” rating to an “underperform” rating and set a $76.00 price target for the company. in a report on Monday, May 22nd. Mizuho reaffirmed a “neutral” rating on shares of National Health Investors in a report on Wednesday, June 28th. Stifel Nicolaus lifted their price target on National Health Investors from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research downgraded National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, BidaskClub downgraded National Health Investors from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $81.40.

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.

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

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