NHI buys five facilities
Posted on November 20, 2009 at 8:08 amNational Health Investors has acquired four assisted-living centers in Michigan and another in Illinois for about $28 million. The seller, Kansas-based Bickford Senior Living, is leasing back the buildings for 15 years. NHI (Ticker: NHI) has shelled out nearly $90 million on acquisitions so far this year.
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NHI profits rise 10%
Posted on November 2, 2009 at 9:24 amThird-quarter earnings at National Health Investors rose almost 10 percent from a year ago, when they included $2.5 million in gains from discontinued operations. Stripping out that figure lifts the Murfreesboro company’s growth rate to 30 percent. Funds from operations rose 10.2 percent from a year ago. NHI shares (Ticker: NHI) are up about 10 percent in 2009.
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NHI chief trims stake
Posted on September 2, 2009 at 6:59 amNational Health Investors CEO Andrew Adams last week disposed of more than 15,000 shares in the Murfreesboro-based REIT, grossing him about $516,000. The sale lightened his direct holdings in the company (Ticker: NHI) by about 1.2 percent.
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NHI director sells block of stock
Posted on August 14, 2009 at 6:38 amRobert Webb, who has been on the board of National Health Investors since 1991, on Wednesday unloaded more than 10,000 shares of the REIT. He still owns more than 170,000 shares of the company (Ticker: NHI) through two other entities.
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NHI posts flat Q2 numbers
Posted on August 10, 2009 at 6:46 amHealth care REIT National Health Investors said its second-quarter profits rose 4 percent to $15.4 million from the same time in 2008. But almost $1.5 million of that number came from discontinued operations; profits from continuing operations fell 6 percent. NHI shares (Ticker: NHI) are up about 18 percent year to date.
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NHI gets a downgrade
Posted on July 14, 2009 at 9:56 amNational Health Investors has been downgraded from ‘Buy’ to ‘Hold’ by analysts from Stifel Nicolas.
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NHI in Minnesota deal
Posted on June 15, 2009 at 7:34 amThe Murfreesboro-based REIT (Ticker: NHI) has acquired the loan on an assisted-living facility for a discounted price.
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NHI still rolling along
Posted on May 1, 2009 at 2:52 pmThe Murfreesboro health care REIT (Ticker: NHI) posted an 11 percent gain in funds from operations. Net income, helped by some one-time items, rose 12 percent.
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NHI’s numbers drop off
Posted on February 22, 2009 at 10:16 pmReal estate investment trust National Health Investors posted fourth-quarter profits from continuing operations of $13.8 million and funds from operations of $15.3 million. Those numbers were down 13 percent and 23 percent, respectively. Revenues were up, but the company (Ticker: NHI) recovered some loan payments in late 2007 and investment income was off $1.4 million last quarter.
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NHI ‘adamantly denies’ claims in nonprofit’s suit
Posted on January 12, 2009 at 5:00 pmThe Murfreesboro-based lender (Ticker: NHI) to nursing homes it will defend itself vigorously against a lawsuit from the Care Foundation of America that accuses it of illegally controlling the nonprofit and unjustly enriching itself.
NHI contends, among other things, that CFA has never been under the control and dominion of NHI and that the terms on which CFA acquired and financed the homes were both commercially reasonable and fair to CFA.
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‘Sole discretion’ lucrative for NHI chief
Posted on December 15, 2008 at 2:50 pmA committee of the board of National Health Investors (Ticker: NHI) has voted to pay interim CEO Andrew Adams $900,000 for his service since April.
As provided in the Consulting Agreement, the fee for Mr. Adams’ services is $1.00; however, the Agreement also provides that the Directors may, in their sole discretion, pay Mr. Adams a bonus amount for the services provided pursuant to the Agreement.
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NHI’s Christmas bonus
Posted on December 12, 2008 at 6:37 pmThe nursing home lender’s “continued success” spawns a special dividend. And oh by the way, here’s a stock (Ticker: NHI) that’s down only 9 percent this year.
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