National Health Investors, Inc. (NYSE:NHI) Position Cut by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its holdings in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,948 shares of the real estate investment trust's stock after selling 4,388 shares during the quarter. Asset Management One Co. Ltd. owned 0.24% of National Health Investors worth $7,637,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Quarry LP bought a new position in National Health Investors during the 3rd quarter valued at $27,000. Covestor Ltd raised its stake in shares of National Health Investors by 2,700.0% in the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 405 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of National Health Investors during the third quarter worth about $35,000. Loomis Sayles & Co. L P acquired a new position in National Health Investors in the third quarter worth about $38,000. Finally, Assetmark Inc. increased its holdings in National Health Investors by 27.8% in the third quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company's stock.

National Health Investors Stock Performance

Shares of NYSE NHI traded down $0.71 during midday trading on Friday, hitting $69.05. The company's stock had a trading volume of 172,625 shares, compared to its average volume of 190,454. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. National Health Investors, Inc. has a 1-year low of $55.99 and a 1-year high of $86.13. The firm's fifty day moving average price is $68.62 and its 200-day moving average price is $75.12. The firm has a market cap of $3.14 billion, a P/E ratio of 23.73, a P/E/G ratio of 4.42 and a beta of 1.06.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their target price on National Health Investors from $78.00 to $72.00 and set a "hold" rating on the stock in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $76.60.

National Health Investors 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.