National Health Investors Inc (NHI) Position Decreased by LSV Asset Management
LSV Asset Management trimmed its position in National Health Investors Inc (NYSE:NHI) by 13.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,048 shares of the real estate investment trust’s stock after selling 55,200 shares during the quarter. LSV Asset Management’s holdings in National Health Investors were worth $26,838,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of National Health Investors during the 3rd quarter valued at $108,000. First Hawaiian Bank bought a new stake in shares of National Health Investors during the 3rd quarter valued at $162,000. Zeke Capital Advisors LLC bought a new stake in shares of National Health Investors during the 2nd quarter valued at $201,000. Nissay Asset Management Corp Japan ADV bought a new stake in shares of National Health Investors during the 3rd quarter valued at $203,000. Finally, Woodmont Investment Counsel LLC bought a new stake in shares of National Health Investors during the 2nd quarter valued at $211,000. 70.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NHI stock opened at $75.19 on Monday. The company has a quick ratio of 14.53, a current ratio of 14.53 and a debt-to-equity ratio of 0.89. National Health Investors Inc has a twelve month low of $62.71 and a twelve month high of $81.60. The firm has a market cap of $3.18 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 3.22 and a beta of 0.30.
A number of analysts have recently weighed in on NHI shares. Zacks Investment Research downgraded National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Cantor Fitzgerald reiterated a “hold” rating and set a $80.00 target price on shares of National Health Investors in a research report on Thursday, November 8th. Stifel Nicolaus set a $83.00 target price on National Health Investors and gave the company a “buy” rating in a research report on Tuesday, August 7th. SunTrust Banks reiterated a “hold” rating and set a $79.00 target price on shares of National Health Investors in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of National Health Investors in a research report on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.22.
National Health Investors Profile
Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.
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