National Health Investors (NYSE:NHI – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
NHI has been the topic of a number of other reports. BMO Capital Markets upgraded shares of National Health Investors from a “market perform” rating to an “outperform” rating and set a $67.00 target price on the stock in a research report on Tuesday, March 12th. Wedbush increased their price target on National Health Investors from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Truist Financial increased their price target on National Health Investors from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, April 4th. Wells Fargo & Company raised National Health Investors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $55.00 to $63.00 in a report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on National Health Investors in a report on Tuesday, January 30th. They issued a “buy” rating and a $69.00 target price for the company. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, National Health Investors currently has an average rating of “Hold” and an average price target of $60.50.
National Health Investors Stock Up 1.5 %
National Health Investors stock traded up $0.89 during mid-day trading on Thursday, hitting $60.44. The company had a trading volume of 167,921 shares, compared to its average volume of 173,251. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 0.90. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 19.04 and a beta of 0.95. The business has a fifty day moving average of $58.48 and a 200 day moving average of $55.19. National Health Investors has a 1 year low of $47.54 and a 1 year high of $62.93.
Insider Activity
In other news, Director Charlotte A. Swafford purchased 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $58.69 per share, for a total transaction of $586,900.00. Following the acquisition, the director now owns 110,185 shares of the company’s stock, valued at $6,466,757.65. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 7.26% of the company’s stock.
Hedge Funds Weigh In On National Health Investors
Several large investors have recently added to or reduced their stakes in NHI. Zurcher Kantonalbank Zurich Cantonalbank grew its position in National Health Investors by 5.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,944 shares of the real estate investment trust’s stock worth $1,127,000 after acquiring an additional 1,190 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in National Health Investors by 4.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 189,221 shares of the real estate investment trust’s stock valued at $10,568,000 after buying an additional 8,316 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in National Health Investors by 36.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,743 shares of the real estate investment trust’s stock valued at $757,000 after buying an additional 3,916 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in National Health Investors by 14.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,971 shares of the real estate investment trust’s stock valued at $1,730,000 after buying an additional 3,907 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in National Health Investors by 4.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 35,964 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 1,628 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.
About National Health Investors
Incorporated in 1991, National Health Investors, Inc NYSE: NHI is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI’s portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.