Militia Capital Management LLC Makes New $2.46 Million Investment in National Health Investors, Inc. $NHI

Militia Capital Management LLC bought a new position in shares of National Health Investors, Inc. (NYSE:NHI) in the first quarter, Holdings Channel reports. The fund bought 30,400 shares of the real estate investment trust’s stock, valued at approximately $2,458,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of National Health Investors in the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its stake in National Health Investors by 244.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 406 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 288 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in National Health Investors in the 4th quarter worth about $33,000. Key Capital Management INC bought a new stake in National Health Investors in the 4th quarter valued at about $47,000. Finally, Advisory Services Network LLC bought a new stake in National Health Investors in the 3rd quarter valued at about $65,000. Institutional investors and hedge funds own 62.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings cut shares of National Health Investors from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Wells Fargo & Company cut their price target on National Health Investors from $84.00 to $79.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. BMO Capital Markets reduced their price target on National Health Investors from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, June 15th. Truist Financial lowered their price objective on National Health Investors from $89.00 to $81.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $94.00 price objective on shares of National Health Investors in a report on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.86.

National Health Investors Price Performance

NHI stock opened at $76.81 on Monday. The company’s 50-day moving average price is $75.13 and its two-hundred day moving average price is $79.75. The firm has a market cap of $3.72 billion, a P/E ratio of 24.78, a P/E/G ratio of 3.44 and a beta of 0.51. The company has a quick ratio of 8.20, a current ratio of 8.20 and a debt-to-equity ratio of 0.83. National Health Investors, Inc. has a 12 month low of $67.94 and a 12 month high of $91.38.

Insider Activity at National Health Investors

In other news, CEO D. Eric Mendelsohn purchased 1,500 shares of National Health Investors stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $68.84 per share, for a total transaction of $103,260.00. Following the transaction, the chief executive officer owned 133,316 shares of the company’s stock, valued at approximately $9,177,473.44. The trade was a 1.14% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert A. Mccabe, Jr. acquired 890 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $71.65 per share, for a total transaction of $63,768.50. Following the completion of the purchase, the director directly owned 44,159 shares of the company’s stock, valued at $3,163,992.35. The trade was a 2.06% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.70% of the company’s stock.

National Health Investors Company Profile

National Health Investors, Inc (NYSE: NHI) is a specialized real estate investment trust (REIT) focused on owning and financing high-quality healthcare and senior housing facilities in the United States. The company’s portfolio encompasses a diverse range of properties, including skilled nursing centers, assisted living and memory care communities, behavioral health facilities, dialysis clinics, and medical office buildings. NHI typically enters into long-term net-lease agreements with experienced healthcare operators, providing stable and predictable rental income streams while enabling its tenants to concentrate on delivering quality care.

Since its founding in 1991 and initial public offering later that year, National Health Investors has pursued a disciplined growth strategy centered on strategic acquisitions, joint ventures, and selective development.