Victory Capital Management Inc. Sells 24,470 Shares of National Health Investors, Inc. (NYSE:NHI)

Key Points

• Victory Capital Management Inc. significantly reduced its holdings in National Health Investors, cutting its position by 82.3% in the first quarter, now owning 5,253 shares valued at approximately $388,000.
• Several institutional investors have changed their stakes in National Health Investors, with Norges Bank acquiring a new stake valued at $42.32 million and Millennium Management LLC increasing its stake by 1,967%.
• Equities research analysts have upgraded National Health Investors, with a consensus rating of "Moderate Buy" and a price target of $84.60, suggesting positive sentiment about the stock's future performance.

Victory Capital Management Inc. reduced its position in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 82.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,253 shares of the real estate investment trust's stock after selling 24,470 shares during the period. Victory Capital Management Inc.'s holdings in National Health Investors were worth $388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of National Health Investors by 15.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,635 shares of the real estate investment trust's stock worth $268,000 after acquiring an additional 495 shares during the period. Bank of New York Mellon Corp boosted its position in National Health Investors by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 588,871 shares of the real estate investment trust's stock worth $43,494,000 after purchasing an additional 31,451 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of National Health Investors by 11.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,611 shares of the real estate investment trust's stock valued at $267,000 after purchasing an additional 357 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of National Health Investors in the first quarter valued at about $808,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of National Health Investors by 3.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 478,900 shares of the real estate investment trust's stock worth $35,372,000 after buying an additional 15,497 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

National Health Investors Price Performance

National Health Investors stock traded down $0.36 during mid-day trading on Wednesday, reaching $72.93. 81,950 shares of the company were exchanged, compared to its average volume of 247,727. The company has a fifty day simple moving average of $71.16 and a 200-day simple moving average of $71.97. The firm has a market cap of $3.41 billion, a PE ratio of 23.18, a PEG ratio of 3.65 and a beta of 0.73. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55. National Health Investors, Inc. has a 12 month low of $65.13 and a 12 month high of $86.13.

National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. National Health Investors had a net margin of 41.15% and a return on equity of 10.64%. The business had revenue of $68.87 million during the quarter, compared to analysts' expectations of $85.13 million. During the same quarter in the prior year, the business posted $1.10 earnings per share. National Health Investors's revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts expect that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NHI has been the subject of several research reports. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a research report on Wednesday, July 2nd. KeyCorp raised National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price objective on the stock in a report on Thursday, July 10th. Finally, Truist Financial upgraded National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price objective on the stock in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.60.

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.