Central Valley Advisors LLC Takes Position in National Health Investors, Inc. (NYSE:NHI)

Central Valley Advisors LLC purchased a new position in shares of National Health Investors, Inc. (NYSE:NHI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,181 shares of the real estate investment trust’s stock, valued at approximately $289,000.

Other hedge funds have also modified their holdings of the company. Baystate Wealth Management LLC purchased a new position in National Health Investors in the 4th quarter valued at $39,000. Sound Income Strategies LLC raised its holdings in National Health Investors by 33.5% in the 4th quarter. Sound Income Strategies LLC now owns 916 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 230 shares during the last quarter. EMC Capital Management lifted its stake in National Health Investors by 86.5% in the 3rd quarter. EMC Capital Management now owns 3,357 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 1,557 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of National Health Investors by 4.3% in the third quarter. Van ECK Associates Corp now owns 4,889 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 202 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in National Health Investors during the fourth quarter worth approximately $340,000. 62.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Charlotte A. Swafford bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $58.69 per share, for a total transaction of $586,900.00. Following the acquisition, the director now owns 110,185 shares of the company’s stock, valued at $6,466,757.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 8.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NHI. StockNews.com cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Wedbush upped their price objective on National Health Investors from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Wells Fargo & Company upgraded shares of National Health Investors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $55.00 to $63.00 in a report on Monday, February 26th. BMO Capital Markets raised shares of National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 target price for the company in a research note on Tuesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of National Health Investors in a report on Tuesday, January 30th. They issued a “buy” rating and a $69.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, National Health Investors presently has a consensus rating of “Hold” and an average target price of $60.50.

National Health Investors Stock Performance

NHI stock traded down $0.62 during trading on Wednesday, hitting $65.28. The company had a trading volume of 49,856 shares, compared to its average volume of 165,418. National Health Investors, Inc. has a 1-year low of $48.51 and a 1-year high of $67.45. The firm has a 50-day moving average price of $62.34 and a 200-day moving average price of $57.59. The company has a quick ratio of 13.24, a current ratio of 13.24 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2.83 billion, a PE ratio of 21.60 and a beta of 0.95.

National Health Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, June 28th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Friday, June 28th. National Health Investors’s dividend payout ratio (DPR) is 118.03%.

About National Health Investors

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.