California State Teachers Retirement System Has $4.20 Million Position in National Health Investors, Inc. $NHI

California State Teachers Retirement System increased its position in National Health Investors, Inc. (NYSE:NHI) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,949 shares of the real estate investment trust’s stock after purchasing an additional 6,963 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of National Health Investors worth $4,201,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in National Health Investors in the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its holdings in National Health Investors by 244.1% during the second quarter. EverSource Wealth Advisors LLC now owns 406 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 288 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in National Health Investors during the fourth quarter worth about $33,000. Key Capital Management INC acquired a new position in shares of National Health Investors during the 4th quarter worth about $47,000. Finally, Advisory Services Network LLC acquired a new position in shares of National Health Investors during the 3rd quarter worth about $65,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NHI shares. Zacks Research cut shares of National Health Investors from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reduced their target price on National Health Investors from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Thursday, June 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $94.00 target price on shares of National Health Investors in a research note on Wednesday, April 22nd. BMO Capital Markets lowered their price target on National Health Investors from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, June 15th. Finally, Truist Financial dropped their price target on National Health Investors from $89.00 to $81.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.86.

National Health Investors Trading Up 0.0%

NYSE NHI opened at $75.40 on Friday. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 3.38 and a beta of 0.51. National Health Investors, Inc. has a twelve month low of $67.94 and a twelve month high of $91.38. The business’s fifty day moving average is $75.13 and its 200 day moving average is $79.61. The company has a quick ratio of 8.20, a current ratio of 8.20 and a debt-to-equity ratio of 0.83.

Insiders Place Their Bets

In other National Health Investors news, Director Robert A. Mccabe, Jr. purchased 890 shares of National Health Investors stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $71.65 per share, with a total value of $63,768.50. Following the transaction, the director owned 44,159 shares in the company, valued at $3,163,992.35. This trade represents a 2.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO D. Eric Mendelsohn purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $68.84 per share, for a total transaction of $103,260.00. Following the transaction, the chief executive officer owned 133,316 shares in the company, valued at $9,177,473.44. This represents a 1.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.70% of the stock is owned by company insiders.

About National Health Investors

National Health Investors, Inc (NYSE: NHI) is a specialized real estate investment trust (REIT) focused on owning and financing high-quality healthcare and senior housing facilities in the United States. The company’s portfolio encompasses a diverse range of properties, including skilled nursing centers, assisted living and memory care communities, behavioral health facilities, dialysis clinics, and medical office buildings. NHI typically enters into long-term net-lease agreements with experienced healthcare operators, providing stable and predictable rental income streams while enabling its tenants to concentrate on delivering quality care.

Since its founding in 1991 and initial public offering later that year, National Health Investors has pursued a disciplined growth strategy centered on strategic acquisitions, joint ventures, and selective development.