Pinnacle Financial Partners Inc Cuts Holdings in National Health Investors, Inc. (NYSE:NHI)

by · The Cerbat Gem

Pinnacle Financial Partners Inc trimmed its holdings in shares of National Health Investors, Inc. (NYSE:NHI – Free Report) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,007 shares of the real estate investment trust’s stock after selling 1,558 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in National Health Investors were worth $2,414,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of National Health Investors by 3.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,865 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 243 shares during the period. Holocene Advisors LP lifted its holdings in shares of National Health Investors by 2.2% during the 2nd quarter. Holocene Advisors LP now owns 11,909 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 252 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of National Health Investors by 1.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,817 shares of the real estate investment trust’s stock valued at $1,017,000 after buying an additional 268 shares during the period. Advisory Services Network LLC lifted its holdings in shares of National Health Investors by 71.8% during the 1st quarter. Advisory Services Network LLC now owns 737 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 308 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in National Health Investors by 5.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,806 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 368 shares during the period. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com cut National Health Investors from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Wells Fargo & Company raised their price objective on National Health Investors from $54.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, November 27th. Berenberg Bank assumed coverage on National Health Investors in a research report on Thursday, September 28th. They issued a “hold” rating and a $54.00 price target for the company. Wedbush assumed coverage on shares of National Health Investors in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $54.00 price objective for the company. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $55.00 price objective on shares of National Health Investors in a research note on Tuesday, November 28th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, National Health Investors presently has a consensus rating of “Hold” and an average price target of $53.86.

View Our Latest Analysis on NHI

National Health Investors Stock Performance

Shares of NHI traded up $0.57 during trading hours on Friday, reaching $54.60. 124,076 shares of the company traded hands, compared to its average volume of 129,238. The stock has a market capitalization of $2.37 billion, a P/E ratio of 22.48 and a beta of 0.94. The company has a quick ratio of 11.70, a current ratio of 11.70 and a debt-to-equity ratio of 0.90. National Health Investors, Inc. has a 12-month low of $47.54 and a 12-month high of $60.17. The business has a fifty day moving average price of $55.30 and a 200-day moving average price of $52.96.

National Health Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend is Thursday, December 28th. National Health Investors’s dividend payout ratio (DPR) is presently 148.15%.

National Health Investors Company Profile

(Free Report)

Incorporated in 1991, National Health Investors, Inc (NYSE:NHI) is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.

Read More

Want to see what other hedge funds are holding NHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Health Investors, Inc. (NYSE:NHI – Free Report).