The stock of National Health Investors Inc (NYSE:NHI) is a huge mover today! The stock decreased 2.27% or $1.74 on October 5, hitting $74.83. National Health Investors Inc (NYSE:NHI) has risen 19.47% since March 2, 2016 and is uptrending. It has outperformed by 11.21% the S&P500.
The move comes after 7 months negative chart setup for the $2.93B company. It was reported on Oct, 6 by Barchart.com. We have $69.59 PT which if reached, will make NYSE:NHI worth $205.10M less.
Analysts await National Health Investors Inc (NYSE:NHI) to report earnings on November, 3. They expect $1.24 EPS, up 2.48% or $0.03 from last year’s $1.21 per share. NHI’s profit will be $48.55 million for 15.09 P/E if the $1.24 EPS becomes a reality. After $1.22 actual EPS reported by National Health Investors Inc for the previous quarter, Wall Street now forecasts 1.64% EPS growth.
National Health Investors Inc (NYSE:NHI) Ratings Coverage
Out of 6 analysts covering National Health Investors (NYSE:NHI), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. National Health Investors has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of National Health Investors Inc (NYSE:NHI) earned “Market Perform” rating by BMO Capital Markets on Wednesday, August 12. Zacks upgraded it to “Buy” rating and $66 target price in Tuesday, September 22 report. On Wednesday, August 12 the stock rating was downgraded by Bank of America to “Neutral”. The firm earned “Neutral” rating on Friday, March 11 by Bank of America. The rating was upgraded by Zacks on Thursday, September 3 to “Buy”. The firm earned “Overweight” rating on Wednesday, September 14 by Stephens. On Monday, November 9 the stock rating was maintained by Stifel Nicolaus with “Buy”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.43, from 1.54 in 2016Q1. The ratio is negative, as 18 funds sold all National Health Investors Inc shares owned while 65 reduced positions. 25 funds bought stakes while 67 increased positions. They now own 26.23 million shares or 5.19% more from 24.93 million shares in 2016Q1.
The Massachusetts-based Geode Capital Mngmt Ltd Liability has invested 0.01% in National Health Investors Inc (NYSE:NHI). The Pennsylvania-based Symons Capital Incorporated has invested 0.09% in National Health Investors Inc (NYSE:NHI). Huntington State Bank holds 0% or 32 shares in its portfolio. Systematic Fincl Mngmt Limited Partnership has invested 0.03% of its portfolio in National Health Investors Inc (NYSE:NHI). Btim accumulated 0.37% or 291,366 shares. Ubs Asset Management Americas has invested 0.01% of its portfolio in National Health Investors Inc (NYSE:NHI). Ladenburg Thalmann Fincl Inc holds 2,681 shares or 0% of its portfolio. The Japan-based Blackrock Japan Limited has invested 0% in National Health Investors Inc (NYSE:NHI). Hightower Advsrs Limited Liability Com last reported 0.01% of its portfolio in the stock. Great West Life Assurance Can last reported 3,113 shares in the company. Janney Montgomery Scott Limited Liability, a Pennsylvania-based fund reported 11,520 shares. Teachers Insur Annuity Association Of America accumulated 37,511 shares or 0.12% of the stock. Schwab Charles Inv Mgmt owns 139,952 shares or 0.01% of their US portfolio. Macquarie Limited holds 7,100 shares or 0% of its portfolio. Teachers Advsr has invested 0.01% of its portfolio in National Health Investors Inc (NYSE:NHI).
Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 3 insider sales for $295,186 net activity. MCCABE ROBERT A JR sold $64,233 worth of stock. 2,000 shares were sold by PASCOE KEVIN CARLTON, worth $141,437.
More important recent National Health Investors Inc (NYSE:NHI) news were published by: Streetinsider.com which released: “National Health Investors (NHI) Enters into Joint Venture with Bickford Affiliate” on October 04, 2016, also Fool.com published article titled: “Better Buy: Welltower Inc. vs. National Health Investors Inc.”, Nasdaq.com published: “Ex-Dividend Reminder: National Health Investors, Spirit Realty Capital and …” on September 26, 2016. More interesting news about National Health Investors Inc (NYSE:NHI) was released by: Businesswire.com and their article: “National Health Investors, Inc. Announces Hire of Executive Vice-President of …” with publication date: February 16, 2016.
NHI Company Profile
National Health Investors, Inc., incorporated on July 24, 1991, 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 Firm is engaged in the business of owning and financing healthcare properties. The Company’s portfolio consists of real estate investments in independent living facilities, assisted living facilities, entrance-fee communities, senior living campuses, skilled nursing facilities, specialty hospitals and medical office buildings. The Company’s other investments include mortgages and notes, marketable securities, and a joint venture structured to comply with the provisions of the REIT Investment Diversification Empowerment Act of 2007 (RIDEA). Through this RIDEA joint venture, the Company invests in facility activities managed by independent third-parties. The Firm has investments in real estate and mortgage, and other notes receivable involving approximately 190 facilities located in over 30 states. These investments involve approximately 120 senior housing properties, over 70 skilled nursing facilities, approximately three hospitals, over two medical office buildings and other notes receivable.
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