California State Teachers Retirement System Purchases 6,963 Shares of National Health Investors, Inc. $NHI

California State Teachers Retirement System grew its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 15.5% during the 1st quarter, HoldingsChannel reports. The fund owned 51,949 shares of the real estate investment trust’s stock after buying an additional 6,963 shares during the period. California State Teachers Retirement System’s holdings in National Health Investors were worth $4,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in National Health Investors by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,668,006 shares of the real estate investment trust’s stock worth $127,386,000 after acquiring an additional 30,968 shares in the last quarter. Forty three Eighteen Advisors LLC purchased a new stake in National Health Investors in the first quarter worth about $2,005,000. Legal & General Group Plc boosted its holdings in shares of National Health Investors by 22.8% during the 4th quarter. Legal & General Group Plc now owns 251,588 shares of the real estate investment trust’s stock valued at $19,214,000 after buying an additional 46,715 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of National Health Investors in the 4th quarter worth approximately $2,996,000. Finally, Morgan Stanley Institutional Investment Advisors LLC purchased a new position in National Health Investors in the fourth quarter worth about $5,883,000. Hedge funds and other institutional investors own 62.51% of the company’s stock.

National Health Investors Stock Performance

NYSE NHI opened at $75.40 on Friday. The company has a market cap of $3.65 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 3.38 and a beta of 0.51. The stock’s 50 day simple moving average is $75.13 and its 200-day simple moving average is $79.61. National Health Investors, Inc. has a 1-year low of $67.94 and a 1-year high of $91.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 8.20 and a quick ratio of 8.20.

Wall Street Analyst Weigh In

NHI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of National Health Investors from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Thursday, June 25th. Cantor Fitzgerald restated an “overweight” rating and set a $94.00 price target on shares of National Health Investors in a report on Wednesday, April 22nd. Truist Financial decreased their price target on National Health Investors from $89.00 to $81.00 and set a “buy” rating on the stock in a report on Friday, June 12th. Zacks Research downgraded shares of National Health Investors from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 25th. Finally, BMO Capital Markets lowered their price target on shares of National Health Investors from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, June 15th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.86.

Insider Transactions at National Health Investors

In other news, Director Robert A. Mccabe, Jr. bought 890 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $71.65 per share, for a total transaction of $63,768.50. Following the acquisition, the director directly owned 44,159 shares of the company’s stock, valued at $3,163,992.35. This trade represents a 2.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO D. Eric Mendelsohn purchased 1,500 shares of the stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $68.84 per share, with a total value of $103,260.00. Following the completion of the acquisition, the chief executive officer owned 133,316 shares in the company, valued at approximately $9,177,473.44. This trade represents a 1.14% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.70% of the stock is owned by insiders.

National Health Investors Company 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.