Large Inflow of Money Witnessed in National Health Investors

National Health Investors (NYSE:NHI) : National Health Investors (NYSE:NHI) had a healthy money flow of $0.24 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $0.55 million, whereas, investors only sold shares worth $0.31 million on downticks. The stock closed the day with an up-down ratio of 1.77.The money flow in the block trades to the tune of $0.01 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.01 million worth of transactions were on upticks. National Health Investors (NYSE:NHI) stock slid $0.01 intraday and traded at 73.74, a change of -0.01% over previous days close. However, for the week, the company shares are 1.32% compared to previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of National Health Investors Inc, Mccabe Robert A Jr had sold 1,250 shares worth of $89,513 in a transaction dated June 13, 2016. In this transaction, 1,250 shares were sold at $71.61 per share. Currently the company Insiders own 5.74% of National Health Investors shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.09% . Institutional Investors own 65.43% of National Health Investors shares. During last six month period, the net percent change held by insiders has seen a change of -19.84%.

The company shares have rallied 16.38% from its 1 Year high price. On Jun 27, 2016, the shares registered one year high at $74.07 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $70.25 and the 200 Day Moving Average price is recorded at $65.11. National Health Investors (NYSE:NHI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.79 and $73.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.41, notching a gain of 0.89% for the day. The total traded volume was 230,851 . The stock had closed at $73.75 on the previous day.

National Health Investors, Inc. (NHI) 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 Companys portfolio consists of real estate investments in independent, assisted and memory care communities, entrance-fee communities, senior living campuses, skilled nursing facilities, specialty hospitals and medical office buildings. The Companys other investments include mortgages and notes, the preferred stock and marketable securities of other REITs, and a joint venture. The Companys continuing operations consist of investments in real estate and mortgage and other notes receivable involving approximately 183 facilities located in 31 states. These investments involve 106 senior housing communities, 71 skilled nursing facilities, four hospitals and two medical office buildings.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.