UBS Oconnor LLC Boosts Stock Holdings in National Health Investors Inc (NYSE:NHI)

UBS Oconnor LLC boosted its stake in shares of National Health Investors Inc (NYSE:NHI) by 84.5% during the second quarter, HoldingsChannel.com reports. The firm owned 112,150 shares of the real estate investment trust’s stock after acquiring an additional 51,350 shares during the period. UBS Oconnor LLC’s holdings in National Health Investors were worth $8,751,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NHI. Marshall Wace North America L.P. acquired a new stake in shares of National Health Investors in the first quarter worth $31,000. Krane Funds Advisors LLC acquired a new stake in shares of National Health Investors in the second quarter worth $58,000. Tower Research Capital LLC TRC increased its position in shares of National Health Investors by 648.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,259 shares of the real estate investment trust’s stock worth $176,000 after acquiring an additional 1,957 shares in the last quarter. Assetmark Inc. increased its position in shares of National Health Investors by 21.5% in the second quarter. Assetmark Inc. now owns 2,513 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 445 shares in the last quarter. Finally, Profund Advisors LLC increased its position in shares of National Health Investors by 19.3% in the second quarter. Profund Advisors LLC now owns 3,814 shares of the real estate investment trust’s stock worth $298,000 after acquiring an additional 616 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research lowered shares of National Health Investors from a “hold” rating to a “sell” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. National Health Investors currently has a consensus rating of “Hold” and a consensus price target of $79.60.

NHI traded up $0.20 during trading hours on Thursday, reaching $82.90. 196,809 shares of the stock traded hands, compared to its average volume of 193,160. The firm’s fifty day simple moving average is $82.06 and its two-hundred day simple moving average is $79.16. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 3.75 and a beta of 0.33. National Health Investors Inc has a fifty-two week low of $70.54 and a fifty-two week high of $84.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 14.42 and a quick ratio of 14.42.

National Health Investors (NYSE:NHI) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.45). The firm had revenue of $78.10 million for the quarter, compared to analyst estimates of $77.64 million. National Health Investors had a net margin of 50.71% and a return on equity of 11.00%. National Health Investors’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.38 earnings per share. On average, research analysts predict 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, November 8th. Investors of record on Monday, September 30th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Friday, September 27th. National Health Investors’s payout ratio is 76.64%.

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

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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