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

Pinnacle Financial Partners Inc increased its position in National Health Investors, Inc. (NYSE:NHI) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,602 shares of the real estate investment trust’s stock after buying an additional 1,114 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in National Health Investors were worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in National Health Investors by 27.8% during the third quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 141 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of National Health Investors by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 20,040 shares of the real estate investment trust’s stock valued at $1,388,000 after acquiring an additional 196 shares in the last quarter. Aviance Capital Partners LLC boosted its position in National Health Investors by 6.2% during the 3rd quarter. Aviance Capital Partners LLC now owns 3,788 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 221 shares during the period. Tidal Investments LLC increased its holdings in National Health Investors by 3.9% in the 3rd quarter. Tidal Investments LLC now owns 6,762 shares of the real estate investment trust’s stock valued at $568,000 after purchasing an additional 254 shares in the last quarter. Finally, Quarry LP purchased a new position in National Health Investors in the third quarter valued at about $27,000. Institutional investors and hedge funds own 62.51% of the company’s stock.

National Health Investors Price Performance

NHI opened at $69.05 on Friday. National Health Investors, Inc. has a twelve month low of $55.99 and a twelve month high of $86.13. 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 company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. The company has a fifty day simple moving average of $68.62 and a 200 day simple moving average of $75.12.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their target price on National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock 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.