Revenue Update on National Health Investors Inc(NYSE:NHI)

National Health Investors Inc(NYSE:NHI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $61.20M. Analysts estimated a revenue of $58.08M. Earnings per share were $1.22. Analysts had estimated an EPS of $1.21.

National Health Investors Inc (NHI) made into the market gainers list on Wednesdays trading session with the shares advancing 1.17% or 0.92 points. Due to strong positive momentum, the stock ended at $79.58, which is also near the day’s high of $79.59. The stock began the session at $79 and the volume stood at 1,71,816 shares. The 52-week high of the shares is $80.44 and the 52 week low is $53.6405. The company has a current market capitalization of $3,117 M and it has 3,91,62,079 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 29, 2016, Kristin Sallee Gaines (Chief Credit Officer) sold 8,652 shares at $74.05 per share price.Also, On Jun 14, 2016, Robert A Jr Mccabe (director) sold 1,250 shares at $71.61 per share price.On May 12, 2016, Kevin Carlton Pascoe (EVP – Investments) sold 2,000 shares at $70.72 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s other investments include mortgages and notes the preferred stock and marketable securities of other REITs and a joint venture. The Company’s 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.

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