MetLife Investment Management LLC Has $15.79 Million Holdings in National Health Investors, Inc. $NHI

Key Points

• MetLife Investment Management LLC significantly increased its stake in National Health Investors by 706.6%, acquiring 187,233 additional shares, bringing its total ownership to 213,730 shares valued at approximately $15.8 million.
• National Health Investors recently declared a quarterly dividend of $0.92 per share, up from the previous $0.90, representing a 4.7% yield, with a payout ratio of 115.02%.
• Analysts have upgraded the stock to a consensus rating of "Buy", with a target price averaging $85.40, reflecting a positive outlook on the company's performance.

MetLife Investment Management LLC grew its stake in shares of National Health Investors, Inc. (NYSE:NHI - Free Report) by 706.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 213,730 shares of the real estate investment trust's stock after buying an additional 187,233 shares during the quarter. MetLife Investment Management LLC owned approximately 0.46% of National Health Investors worth $15,786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in shares of National Health Investors by 49.8% during the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust's stock worth $33,000 after buying an additional 147 shares during the last quarter. M&T Bank Corp grew its stake in shares of National Health Investors by 4.4% in the first quarter. M&T Bank Corp now owns 3,969 shares of the real estate investment trust's stock worth $293,000 after purchasing an additional 168 shares during the last quarter. Focus Partners Wealth grew its stake in shares of National Health Investors by 4.0% in the fourth quarter. Focus Partners Wealth now owns 4,867 shares of the real estate investment trust's stock worth $337,000 after purchasing an additional 188 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of National Health Investors by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 6,479 shares of the real estate investment trust's stock worth $446,000 after purchasing an additional 248 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of National Health Investors by 11.2% in the first quarter. Xponance Inc. now owns 3,334 shares of the real estate investment trust's stock worth $246,000 after purchasing an additional 337 shares during the last quarter. Institutional investors own 62.51% of the company's stock.

Wall Street Analyst Weigh In

NHI has been the topic of several analyst reports. Wells Fargo & Company boosted their price objective on shares of National Health Investors from $76.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Truist Financial boosted their price objective on shares of National Health Investors from $77.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. KeyCorp raised shares of National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price objective on the stock in a research note on Thursday, July 10th. Finally, Wedbush raised shares of National Health Investors to a "strong-buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $84.20.

National Health Investors Stock Up 0.9%

Shares of NYSE NHI traded up $0.68 during trading on Friday, hitting $78.33. 193,833 shares of the company traded hands, compared to its average volume of 245,395. The business's fifty day moving average is $72.59 and its 200 day moving average is $72.77. National Health Investors, Inc. has a fifty-two week low of $65.13 and a fifty-two week high of $86.13. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 3.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a quick ratio of 10.91 and a current ratio of 10.91.

National Health Investors (NYSE:NHI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. National Health Investors had a net margin of 40.97% and a return on equity of 10.32%. The firm had revenue of $70.27 million for the quarter, compared to analyst estimates of $86.46 million. During the same quarter in the prior year, the business earned $1.18 earnings per share. The business's quarterly revenue was up 6.7% compared to the same quarter last year. Equities research analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current fiscal year.

National Health Investors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.92 per share. This is an increase from National Health Investors's previous quarterly dividend of $0.90. This represents a $3.68 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 30th. National Health Investors's dividend payout ratio (DPR) is currently 115.02%.

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.