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 NYSE NHI opened at $82.10 on Wednesday. The firm’s 50-day simple moving average is $79.71 and its 200 day simple moving average is $79.00. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 3.74 and a beta of 0.37. The company has a quick ratio of 14.99, a current ratio of 14.42 and a debt-to-equity ratio of 1.04. National Health Investors has a 12-month low of $70.54 and a 12-month high of $84.57.
In related news, CIO Kevin Carlton Pascoe sold 900 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were 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 approximately $2,294,531.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.11% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in NHI. Geode Capital Management LLC lifted its holdings in shares of National Health Investors by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 438,543 shares of the real estate investment trust’s stock valued at $33,127,000 after purchasing an additional 23,375 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in shares of National Health Investors by 15.3% in the first quarter. Eqis Capital Management Inc. now owns 7,552 shares of the real estate investment trust’s stock valued at $593,000 after purchasing an additional 1,002 shares in the last quarter. Brinker Capital Inc. purchased a new stake in shares of National Health Investors in the first quarter valued at about $202,000. Virginia Retirement Systems ET AL lifted its holdings in shares of National Health Investors by 3.1% in the first quarter. Virginia Retirement Systems ET AL now owns 110,200 shares of the real estate investment trust’s stock valued at $8,656,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Pettee Investors Inc. purchased a new stake in shares of National Health Investors in the first quarter valued at about $1,050,000. 70.14% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: How Do Front-End Loads Impact an Investment?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for National Health Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Health Investors and related companies with MarketBeat.com's FREE daily email newsletter.