Principal Financial Group Inc. Purchases 82,825 Shares of National Health Investors, Inc. (NYSE:NHI)

Principal Financial Group Inc. raised its stake in National Health Investors, Inc. (NYSE:NHI) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,648,499 shares of the real estate investment trust’s stock after purchasing an additional 82,825 shares during the quarter. Principal Financial Group Inc.’s holdings in National Health Investors were worth $114,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP bought a new stake in National Health Investors in the 3rd quarter valued at $27,000. Covestor Ltd increased its holdings in National Health Investors by 2,700.0% in the 3rd quarter. Covestor Ltd now owns 420 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 405 shares during the last quarter. Point72 DIFC Ltd bought a new stake in National Health Investors in the 3rd quarter valued at $35,000. Loomis Sayles & Co. L P bought a new stake in National Health Investors in the 3rd quarter valued at $38,000. Finally, Assetmark Inc. increased its holdings in National Health Investors by 27.8% in 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 last quarter. 62.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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 report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $76.60.

National Health Investors Stock Performance

Shares of NYSE:NHI opened at $68.49 on Wednesday. National Health Investors, Inc. has a 52 week low of $51.96 and a 52 week high of $86.13. The stock has a market capitalization of $3.11 billion, a P/E ratio of 23.53, a PEG ratio of 4.36 and a beta of 1.06. The firm has a fifty day simple moving average of $68.81 and a two-hundred day simple moving average of $75.22. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92.

National Health Investors 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.