Venturi Wealth Management LLC Invests $63,000 in National Health Investors, Inc. (NYSE:NHI)

Venturi Wealth Management LLC purchased a new position in National Health Investors, Inc. (NYSE:NHI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 905 shares of the real estate investment trust’s stock, valued at approximately $63,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in National Health Investors by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,648,499 shares of the real estate investment trust’s stock valued at $114,242,000 after purchasing an additional 82,825 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in National Health Investors by 7.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 26,961 shares of the real estate investment trust’s stock valued at $1,868,000 after purchasing an additional 1,982 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in National Health Investors in the fourth quarter valued at approximately $2,700,000. CapWealth Advisors LLC raised its stake in National Health Investors by 15.3% in the fourth quarter. CapWealth Advisors LLC now owns 3,446 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 458 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in National Health Investors by 1.6% in the fourth quarter. Rhumbline Advisers now owns 79,309 shares of the real estate investment trust’s stock valued at $5,496,000 after purchasing an additional 1,226 shares in the last quarter. 62.51% of the stock is owned by hedge funds and other institutional investors.

National Health Investors Stock Up 2.6 %

Shares of NYSE NHI opened at $70.77 on Tuesday. National Health Investors, Inc. has a one year low of $56.70 and a one year high of $86.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29. The firm’s 50 day simple moving average is $68.60 and its two-hundred day simple moving average is $75.10. The stock has a market capitalization of $3.21 billion, a P/E ratio of 24.32, a PEG ratio of 4.42 and a beta of 1.06.

Analyst Ratings Changes

Separately, Truist Financial lowered their target price on shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, National Health Investors currently has an average rating of “Moderate Buy” and an average price target of $76.60.

About National Health Investors

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.