NHI, LifePoint announce acquisitions

REIT to buy $21M assisted care community, LifePoint finalizes two hospital deals
Aug 3, 2015 11:19 AM

NHI makes $67M buy, adds to credit line

REIT adds three communities to portfolio
Jul 2, 2015 7:12 AM

NHI's Hutchens eyes Golden State growth

Under CEO Justin Hutchens, senior living real estate investment trust National Health Investors has tripled its asset base to about $2 billion while its market cap now stands at more than $2.3 billion. In a recent interview with Senior Housing News, Hutchens discusses some of the ways he plans to further build NHI's footprint. California looks to be a key growth market thanks to its tighter regulations but Texas and Florida likely won't figure as prominently because their barriers to entry are lower.

Read the full Q&A here.

Jun 29, 2015 10:28 AM

NHI CEO trims stock stake

Justin Hutchens, president and CEO of National Health Investors, this week sold about 8 percent of his shares in the company, grossing almost $420,000. The move came after NHI stock shares rose more than 6 percent in about three weeks to get back into positive territory for the year. The stock (Ticker: NHI) is up 25 percent over the past six months. Hutchens still directly owns $4.8 million worth of the Murfreesboro-based company.

Apr 3, 2015 12:11 PM

NHI snags $78M bank loan

Interest-only funding used to pay down unsecured debt load
Mar 27, 2015 6:52 AM

Analyst action: Tractor Supply, NHI

Shares of Tractor Supply are up nicely in early trading this morning after Oppenheimer analyst Brian Nagel upgraded his rating to 'outperform' from 'market perform.' Nagel says the Brentwood-based specialty retailer is in good position to get a lift from a strengthening economy and sees its stock (Ticker: TSCO) to get to $95 from the $84.88 at which it closed Wednesday.

Daniel Bernstein at Stifel Nicolaus has trimmed his price target on shares of National Health Investors to $80 from $83 following the real estate investment trust's Q4 report. But he has kept his 'outperform' rating and says investors should look for the company to continue to grow faster than its peers. NHI shares (Ticker: NHI) are changing hands this morning around $71.60.

Feb 19, 2015 9:18 AM

NHI to raise $300M in stock sale

National Health Investors has announced plans to raise $300 million through an at-the-market equity distribution program. The Murfreesboro-based company plans to use the proceeds of the stock sale for general corporate purposes, which could include acquisitions, real estate investments or debt repayments.

KeyBanc Capital Markets, BMO Capital Markets, Goldman Sachs and Stifel Nicolaus will sell the new NHI shares and receive a commission up to 1.5 percent of gross proceeds. 

NHI's portfolio includes 183 properties comprising the long-term care and senior housing industries. Shares of NHI (Ticker: NHI) were down to $70.91 Wednesday morning. In the last six months they're up 10 percent. For NHI's filing with the Securities and Exchange Commission, click here.

Feb 18, 2015 10:15 AM

NHI hikes dividend on back of 15% increase in Q4 numbers

REIT's property holdings end year up 42%
Feb 17, 2015 7:13 AM

NHI, Bickford JV announce five-facility project

$55M worth of new facilities to open in Illinois, Virginia
Feb 6, 2015 1:30 PM

NHI sells $225M of notes to Prudential

Real estate investment trust National Health Investors has sold $225 million in unsecured debt to a division of financial giant Prudential and used that cash to pay down some of the loans from its bank group led by Wells Fargo. Murfreesboro-based NHI says its Prudential debt consists of $125 million that will mature in eight years and pay annual interest of 3.99 percent as well as $100 million due in 2027 and carrying an interest rate of 4.51 percent. NHI shares (Ticker: NHI) are down slightly in early Thursday trading to $74.05. Over the past three months, they've risen more than 20 percent.

Jan 15, 2015 9:49 AM