Allianz Asset Management GmbH Reduces Stock Position in National Health Investors, Inc. $NHI

Allianz Asset Management GmbH lessened its stake in National Health Investors, Inc. (NYSE:NHI) by 16.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 100,423 shares of the real estate investment trust’s stock after selling 20,202 shares during the period. Allianz Asset Management GmbH’s holdings in National Health Investors were worth $7,984,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NHI. State Street Corp increased its stake in shares of National Health Investors by 5.0% in the 2nd quarter. State Street Corp now owns 2,023,381 shares of the real estate investment trust’s stock worth $143,651,000 after acquiring an additional 95,812 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of National Health Investors by 4.5% in the second quarter. Geode Capital Management LLC now owns 1,232,524 shares of the real estate investment trust’s stock valued at $86,434,000 after purchasing an additional 53,630 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of National Health Investors by 305.2% in the second quarter. JPMorgan Chase & Co. now owns 1,203,492 shares of the real estate investment trust’s stock valued at $84,389,000 after purchasing an additional 906,479 shares during the period. Norges Bank acquired a new stake in National Health Investors during the second quarter worth about $49,775,000. Finally, Balyasny Asset Management L.P. raised its stake in National Health Investors by 66.9% during the second quarter. Balyasny Asset Management L.P. now owns 614,960 shares of the real estate investment trust’s stock worth $43,121,000 after purchasing an additional 246,486 shares during the period. Institutional investors and hedge funds own 62.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of National Health Investors in a research note on Monday, December 29th. Cantor Fitzgerald set a $85.00 price objective on National Health Investors in a research report on Monday, January 5th. Wells Fargo & Company raised their target price on National Health Investors from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft lowered National Health Investors from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Tuesday, January 20th. Finally, Truist Financial raised their price objective on National Health Investors from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.57.

National Health Investors Stock Up 1.1%

NYSE:NHI opened at $85.04 on Tuesday. The company has a quick ratio of 10.64, a current ratio of 10.64 and a debt-to-equity ratio of 0.74. The stock’s fifty day moving average is $78.73 and its two-hundred day moving average is $77.19. National Health Investors, Inc. has a 52 week low of $65.22 and a 52 week high of $85.30. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 2.88 and a beta of 0.66.

National Health Investors Profile

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.