MML Investors Services LLC Invests $230,000 in National Health Investors, Inc. (NYSE:NHI)

MML Investors Services LLC bought a new stake in National Health Investors, Inc. (NYSE:NHI) during the third quarter, according to its most recent filing with the SEC. The firm bought 2,731 shares of the real estate investment trust’s stock, valued at approximately $230,000.

Several other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. boosted 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 valued at $54,000 after acquiring an additional 141 shares during the period. Aviance Capital Partners LLC boosted its stake in National Health Investors by 6.2% during the 3rd quarter. Aviance Capital Partners LLC now owns 3,788 shares of the real estate investment trust’s stock valued at $318,000 after purchasing an additional 221 shares during the period. Arizona State Retirement System grew its holdings in National Health Investors by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,152 shares of the real estate investment trust’s stock valued at $823,000 after buying an additional 222 shares during the last quarter. Quarry LP acquired a new stake in National Health Investors in the 3rd quarter valued at approximately $27,000. Finally, Covestor Ltd increased its position in 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 buying an additional 405 shares during the period. Institutional investors own 62.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America began coverage on National Health Investors in a research report on Tuesday, September 24th. They issued a “buy” rating and a $92.00 price objective for the company. StockNews.com lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Truist Financial dropped their price objective on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a report on Monday. Finally, Wells Fargo & Company cut shares of National Health Investors from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $81.00 to $86.00 in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.33.

National Health Investors Stock Performance

NYSE NHI opened at $69.37 on Friday. National Health Investors, Inc. has a twelve month low of $51.59 and a twelve month high of $86.13. 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 $3.15 billion, a P/E ratio of 23.84, a PEG ratio of 4.86 and a beta of 1.04. The company’s 50-day simple moving average is $75.40 and its 200 day simple moving average is $75.61.

National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). The company had revenue of $63.32 million during the quarter, compared to analyst estimates of $67.93 million. National Health Investors had a return on equity of 10.11% and a net margin of 38.53%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. As a group, research analysts forecast that National Health Investors, Inc. will post 4.42 earnings per share for the current fiscal year.

National Health Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s payout ratio is 123.71%.

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.