Russell Investments Group Ltd. cut its stake in shares of National Health Investors Inc (NYSE:NHI) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,837 shares of the real estate investment trust’s stock after selling 1,032 shares during the period. Russell Investments Group Ltd. owned about 0.08% of National Health Investors worth $2,538,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NHI. Jacobi Capital Management LLC raised its stake in shares of National Health Investors by 187.7% during the 3rd quarter. Jacobi Capital Management LLC now owns 1,827 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 1,192 shares during the period. Yorktown Management & Research Co Inc bought a new stake in shares of National Health Investors during the 2nd quarter worth $214,000. Fortaleza Asset Management Inc. raised its stake in shares of National Health Investors by 123.7% during the 3rd quarter. Fortaleza Asset Management Inc. now owns 2,740 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 1,515 shares during the period. Profund Advisors LLC raised its stake in shares of National Health Investors by 4.3% during the 2nd quarter. Profund Advisors LLC now owns 3,126 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 130 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of National Health Investors by 2.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,192 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 70.08% of the company’s stock.

A number of research firms have recently commented on NHI. KeyCorp reiterated an “underweight” rating on shares of National Health Investors in a research note on Tuesday. Zacks Investment Research cut National Health Investors from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $80.14.

Shares of National Health Investors Inc (NYSE:NHI) opened at $76.44 on Thursday. National Health Investors Inc has a twelve month low of $68.96 and a twelve month high of $81.60. The firm has a market capitalization of $3,228.29, a PE ratio of 14.92, a P/E/G ratio of 3.82 and a beta of 0.59. The company has a quick ratio of 12.72, a current ratio of 12.72 and a debt-to-equity ratio of 0.84.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Thursday, December 28th. National Health Investors’s dividend payout ratio (DPR) is currently 95.00%.

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About National Health Investors

National Health Investors, Inc 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 Company is engaged in the business of owning and financing healthcare properties.

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Institutional Ownership by Quarter for National Health Investors (NYSE:NHI)

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