State of New Jersey Common Pension Fund D Increases Stock Holdings in National Health Investors, Inc. (NYSE:NHI)

State of New Jersey Common Pension Fund D lifted its stake in shares of National Health Investors, Inc. (NYSE:NHI) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,961 shares of the real estate investment trust’s stock after purchasing an additional 1,982 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of National Health Investors worth $1,868,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quarry LP acquired a new position in National Health Investors in the 3rd quarter valued at $27,000. Covestor Ltd lifted its stake in shares of 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 worth $35,000 after acquiring an additional 405 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of National Health Investors in the third quarter valued at about $35,000. Loomis Sayles & Co. L P acquired a new position in shares of National Health Investors during the third quarter worth about $38,000. Finally, Assetmark Inc. raised its holdings in National Health Investors by 27.8% during the third quarter. Assetmark Inc. now owns 648 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

National Health Investors Stock Performance

NYSE:NHI opened at $70.77 on Tuesday. The firm’s fifty day simple moving average is $68.60 and its 200-day simple moving average is $75.10. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.21 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 4.42 and a beta of 1.06. National Health Investors, Inc. has a fifty-two week low of $56.70 and a fifty-two week high of $86.13.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their price objective on 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, National Health Investors has an average rating of “Moderate Buy” and a consensus target price of $76.60.

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.