financetom
Business
financetom
/
Business
/
Land & Buildings nominates two directors to medical REIT NHI's board
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Land & Buildings nominates two directors to medical REIT NHI's board
Apr 9, 2025 3:13 PM

April 9 (Reuters) - Activist investor Jonathan Litt's

Land & Buildings Investment Management nominated two directors

to National Health Investors' ( NHI ) board on Wednesday,

escalating a proxy battle with the medical real-estate firm.

Land & Buildings, which owns about 1.3% of outstanding

shares in NHI, urged the medical real-estate investment firm's

shareholders to elect Adam Troso and Jim Hoffmann at an annual

stockholder meeting on May 21.

Hoffman is a former partner and senior vice president of

Wellington Management Company and Troso is a former managing

director at J.P. Morgan and Greenhill in Real Estate Investment

Banking, Land & Buildings said.

Litt launched a proxy fight at NHI in February and sought to

oust two board members, according to a media report.

The activist firm said on Wednesday that NHI's stock has

underperformed due to the company's structure and its board

being closely tied to one of its largest tenants, National

Healthcare ( NHC ).

Last year, it urged National Health Investors' ( NHI ) shareholders

to vote against two directors at the company's 2024 annual

general meeting.

NHI said on Tuesday that Land & Buildings has proposed no

new ideas for its business or strategy and added that their

demand to pick candidates was "unwarranted."

The company has a market capitalization of about $3.21

billion, according to data compiled by LSEG.

NHI did not immediately respond to Reuters' request for

comment.

(Reporting by Anshuman Tripathy in Bengaluru; Editing by

Shinjini Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US regulators 'need to be tougher on Boeing', Trump's nominee says
US regulators 'need to be tougher on Boeing', Trump's nominee says
Feb 20, 2025
WASHINGTON (Reuters) - President Donald Trump's nominee to serve as deputy secretary of the U.S. Transportation Department said regulators need to take a more aggressive approach to overseeing planemaker Boeing ( BA ). We need to be tougher on Boeing ( BA ). We need to be tougher on the industry, said Steve Bradbury at a U.S. Senate Commerce Committee...
IM-2 Launch On Track For Next Week: What's Going On With Intuitive Machines Stock Thursday?
IM-2 Launch On Track For Next Week: What's Going On With Intuitive Machines Stock Thursday?
Feb 20, 2025
Intuitive Machines Inc ( LUNR ) shares are trading lower. On Thursday, the company provided an update on its planned IM-2 mission. What Happened: Intuitive Machines ( LUNR ) announced its IM-2 mission Nova-C class lunar lander “Athena” completed all integration milestones in preparation for launch later this month. The company noted that the lunar lander is now safely encapsulated...
Emerson Forms Battery Management Partnership With Zitara Technologies
Emerson Forms Battery Management Partnership With Zitara Technologies
Feb 20, 2025
11:13 AM EST, 02/20/2025 (MT Newswires) -- Emerson (EMR) and Zitara Technologies said Thursday that they formed a strategic partnership to integrate Zitara's battery energy storage systems software into Emerson's Ovation automation platform to provide customers with improved battery performance and monitoring. No financial details were disclosed. Price: 123.13, Change: -1.30, Percent Change: -1.04 ...
Shake Shack Fourth-Quarter Sales Meet Expectations Despite Wildfire Hit
Shake Shack Fourth-Quarter Sales Meet Expectations Despite Wildfire Hit
Feb 20, 2025
11:15 AM EST, 02/20/2025 (MT Newswires) -- Shares of Shake Shack ( SHAK ) jumped intraday Thursday after the burger chain reported in-line sales despite taking a hit from the Los Angeles wildfires, while guiding for double-digit top-line growth this year. Revenue climbed to $328.7 million for the three months ended Dec. 25 from $286.2 million the year earlier, virtually...
Copyright 2023-2025 - www.financetom.com All Rights Reserved