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) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 2,731 shares of the real estate investment trust’s stock, valued at approximately $230,000.

Other institutional investors have also made changes to their positions in the company. Jane Street Group LLC increased its position in National Health Investors by 68.3% in the 3rd quarter. Jane Street Group LLC now owns 60,099 shares of the real estate investment trust’s stock valued at $5,052,000 after acquiring an additional 24,380 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of National Health Investors during the second quarter valued at approximately $28,000. Thrivent Financial for Lutherans acquired a new stake in shares of National Health Investors in the third quarter valued at approximately $2,426,000. Acadian Asset Management LLC bought a new position in National Health Investors in the 2nd quarter worth approximately $457,000. Finally, Point72 Asset Management L.P. acquired a new position in National Health Investors during the 3rd quarter worth $688,000. 62.51% of the stock is owned by institutional investors.

National Health Investors Trading Down 0.0 %

NYSE:NHI opened at $69.37 on Friday. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92. National Health Investors, Inc. has a 1-year low of $51.59 and a 1-year high of $86.13. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 4.86 and a beta of 1.04. The business’s 50-day moving average price is $75.40 and its two-hundred day moving average price is $75.61.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42). National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm had revenue of $63.32 million during the quarter, compared to analyst estimates of $67.93 million. During the same quarter in the prior year, the business earned $1.08 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts expect that National Health Investors, Inc. will post 4.42 earnings per share for the current year.

National Health Investors Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on NHI. StockNews.com cut National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Bank of America started 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. Wells Fargo & Company downgraded shares of National Health Investors from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $81.00 to $86.00 in a research report on Tuesday, October 1st. Finally, Truist Financial lowered their price target on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, National Health Investors currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.33.

About National Health Investors

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.