National Health Investors (NYSE:NHI) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of National Health Investors (NYSE:NHI) from a buy rating to a hold rating in a research report released on Wednesday.

NHI has been the topic of several other reports. Berenberg Bank assumed coverage on National Health Investors in a research report on Thursday, September 28th. They issued a hold rating and a $54.00 price target on the stock. Jefferies Financial Group began coverage on National Health Investors in a report on Wednesday, September 20th. They set a hold rating and a $52.00 price target for the company. TheStreet upgraded shares of National Health Investors from a c+ rating to a b- rating in a research note on Friday, August 11th. Finally, Wedbush started coverage on shares of National Health Investors in a research report on Tuesday, October 3rd. They issued a neutral rating and a $54.00 price target on the stock. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, National Health Investors has an average rating of Hold and an average price target of $53.17.

National Health Investors Trading Up 2.2 %

NYSE:NHI opened at $51.47 on Wednesday. National Health Investors has a 12 month low of $47.54 and a 12 month high of $60.17. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 20.34 and a beta of 0.89. The company has a quick ratio of 11.18, a current ratio of 11.18 and a debt-to-equity ratio of 0.89. The company’s 50 day moving average is $50.65 and its 200-day moving average is $51.81.

Insider Buying and Selling at National Health Investors

In other National Health Investors news, Director James R. Jobe acquired 1,000 shares of National Health Investors stock in a transaction dated Wednesday, August 30th. The stock was bought at an average cost of $51.40 per share, with a total value of $51,400.00. Following the acquisition, the director now owns 14,979 shares of the company’s stock, valued at $769,920.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.21% of the company’s stock.

Hedge Funds Weigh In On National Health Investors

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates raised its stake in National Health Investors by 7.0% during the first quarter. Raymond James & Associates now owns 21,335 shares of the real estate investment trust’s stock worth $1,259,000 after acquiring an additional 1,403 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of National Health Investors by 5.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,806 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 368 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in National Health Investors by 29.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,092 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 1,150 shares during the last quarter. MetLife Investment Management LLC boosted its position in National Health Investors by 53.0% in the first quarter. MetLife Investment Management LLC now owns 22,969 shares of the real estate investment trust’s stock valued at $1,355,000 after buying an additional 7,957 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in National Health Investors during the first quarter worth about $1,752,000. Institutional investors own 62.14% of the company’s stock.

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.