Strategic Financial Concepts LLC Invests $2.70 Million in National Health Investors, Inc. (NYSE:NHI)

Strategic Financial Concepts LLC bought a new position in National Health Investors, Inc. (NYSE:NHI - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 38,966 shares of the real estate investment trust's stock, valued at approximately $2,700,000. Strategic Financial Concepts LLC owned about 0.09% of National Health Investors as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zimmer Partners LP purchased a new position in shares of National Health Investors during the 3rd quarter worth $25,218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 purchasing an additional 186,238 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in National Health Investors by 17.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 852,377 shares of the real estate investment trust's stock worth $71,651,000 after purchasing an additional 123,596 shares in the last quarter. Waterfront Capital Partners LLC acquired a new stake in shares of National Health Investors in the third quarter valued at $10,097,000. Finally, Easterly Investment Partners LLC acquired a new position in National Health Investors during the 3rd quarter worth about $5,632,000. Institutional investors and hedge funds own 62.51% of the company's stock.

National Health Investors Stock Up 3.3 %

Shares of NHI traded up $2.20 during midday trading on Thursday, hitting $67.99. The company had a trading volume of 170,025 shares, compared to its average volume of 187,242. National Health Investors, Inc. has a 1 year low of $51.96 and a 1 year high of $86.13. The firm has a market capitalization of $3.09 billion, a P/E ratio of 23.37, a P/E/G ratio of 4.36 and a beta of 1.06. 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 company's 50-day simple moving average is $69.22 and its 200-day simple moving average is $75.36.

Analyst Ratings Changes

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