National Health Investors, Inc. (NYSE:NHI) Shares Bought by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc grew its holdings in National Health Investors, Inc. (NYSE:NHI) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,602 shares of the real estate investment trust’s stock after purchasing an additional 1,114 shares during the quarter. Pinnacle Financial Partners Inc owned approximately 0.11% of National Health Investors worth $3,507,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its stake in National Health Investors by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock valued at $114,242,000 after buying an additional 82,825 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of National Health Investors by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,094,570 shares of the real estate investment trust’s stock valued at $92,026,000 after acquiring an additional 8,540 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of National Health Investors by 17.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust’s stock valued at $71,651,000 after acquiring an additional 123,596 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in National Health Investors by 0.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 463,403 shares of the real estate investment trust’s stock worth $32,114,000 after purchasing an additional 2,279 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in National Health Investors in the 3rd quarter valued at about $25,218,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Stock Down 1.0 %

Shares of NYSE:NHI opened at $69.05 on Friday. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 4.42 and a beta of 1.06. The stock’s 50-day moving average price is $68.62 and its two-hundred day moving average price is $75.12. National Health Investors, Inc. has a 12-month low of $55.99 and a 12-month high of $86.13.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their price target on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.60.

National Health Investors Company Profile

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.