Mirae Asset Global Investments Co. Ltd. cut its position in National Health Investors, Inc. (NYSE:NHI - Free Report) by 76.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,290 shares of the real estate investment trust's stock after selling 4,161 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in National Health Investors were worth $89,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in NHI. Zimmer Partners LP bought a new stake in shares of National Health Investors in the third quarter valued at $25,218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of National Health Investors by 332.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 242,326 shares of the real estate investment trust's stock valued at $20,370,000 after buying an additional 186,238 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of National Health Investors by 17.0% in 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 purchasing an additional 123,596 shares in the last quarter. Waterfront Capital Partners LLC purchased a new position in shares of National Health Investors in the third quarter valued at $10,097,000. Finally, Easterly Investment Partners LLC purchased a new position in shares of National Health Investors in the third quarter valued at $5,632,000. 62.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Truist Financial reduced their price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.60.
View Our Latest Research Report on NHI
National Health Investors Trading Up 1.1 %
Shares of NYSE NHI traded up $0.72 during midday trading on Tuesday, reaching $68.31. The company had a trading volume of 37,996 shares, compared to its average volume of 181,032. National Health Investors, Inc. has a one year low of $51.96 and a one year high of $86.13. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. The firm's fifty day moving average price is $68.92 and its 200-day moving average price is $75.26. The stock has a market cap of $3.10 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 4.36 and a beta of 1.06.
About National Health Investors
(
Free Report)
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.
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