BlackRock Inc. Sells 174,578 Shares of National Health Investors, Inc. (NYSE:NHI)

BlackRock Inc. lessened its stake in National Health Investors, Inc. (NYSE:NHI – Get Rating) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,157,685 shares of the real estate investment trust’s stock after selling 174,578 shares during the period. BlackRock Inc. owned about 9.58% of National Health Investors worth $235,037,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NHI. Quadrant Capital Group LLC increased its position in shares of National Health Investors by 79.4% in the second quarter. Quadrant Capital Group LLC now owns 470 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 208 shares during the period. Financial Advantage Inc. purchased a new position in National Health Investors during the 3rd quarter valued at about $56,000. EverSource Wealth Advisors LLC raised its position in National Health Investors by 152.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 683 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in National Health Investors by 72.9% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,388 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 585 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of National Health Investors in the 3rd quarter worth approximately $90,000. 62.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at National Health Investors

In other National Health Investors news, Director Robert G. Adams bought 1,000 shares of the firm’s stock in a transaction on Wednesday, December 14th. The stock was acquired at an average price of $56.60 per share, with a total value of $56,600.00. Following the completion of the purchase, the director now owns 180,548 shares of the company’s stock, valued at $10,219,016.80. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 7.26% of the stock is currently owned by corporate insiders.

National Health Investors Price Performance

NHI opened at $51.69 on Tuesday. The company has a current ratio of 12.71, a quick ratio of 12.71 and a debt-to-equity ratio of 0.90. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 35.16 and a beta of 0.90. The stock has a fifty day simple moving average of $55.68 and a two-hundred day simple moving average of $56.62. National Health Investors, Inc. has a 12-month low of $50.22 and a 12-month high of $67.16.

National Health Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 5th. Investors of record on Friday, March 31st will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $3.60 annualized dividend and a dividend yield of 6.96%. National Health Investors’s payout ratio is 244.90%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Credit Suisse Group upgraded National Health Investors from an “underperform” rating to a “neutral” rating and upped their target price for the company from $47.00 to $58.00 in a report on Friday, December 9th. StockNews.com cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Friday, January 6th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, National Health Investors presently has a consensus rating of “Hold” and a consensus price target of $61.25.

About National Health Investors

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National Health Investors, Inc engages in the sale-leaseback, joint-venture, mortgage, and mezzanine financing of senior housing and medical investments. It operates through the Real Estate Investments and Senior Housing Operating Portfolio (SHOP) segments. The Real Estate Investments segment includes real estate investments and lease, mortgage, and other notes receivables in independent living facilities.