Principal Financial Group Inc. Increases Holdings in National Health Investors, Inc. (NYSE:NHI)

Principal Financial Group Inc. raised its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,648,499 shares of the real estate investment trust's stock after buying an additional 82,825 shares during the quarter. Principal Financial Group Inc. owned about 3.63% of National Health Investors worth $114,242,000 at the end of the most recent quarter.

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

National Health Investors Stock Down 1.0 %

Shares of NHI traded down $0.71 on Friday, hitting $69.05. 172,625 shares of the stock traded hands, compared to its average volume of 190,454. The company has a market capitalization of $3.14 billion, a PE ratio of 23.73, a P/E/G ratio of 4.42 and a beta of 1.06. National Health Investors, Inc. has a one year low of $55.99 and a one year high of $86.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The business has a 50 day simple moving average of $68.69 and a 200 day simple moving average of $75.14.

Wall Street Analysts Forecast Growth

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