National Health Investors, Inc. (NYSE:NHI) announced a quarterly dividend on Tuesday, May 8th, Zacks reports. Shareholders of record on Friday, June 29th will be paid a dividend of 1.00 per share by the real estate investment trust on Friday, August 10th. This represents a $4.00 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend is Thursday, June 28th.
National Health Investors has raised its dividend payment by an average of 7.2% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. National Health Investors has a payout ratio of 72.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect National Health Investors to earn $5.67 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 67.0%.
Shares of National Health Investors opened at $73.68 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 0.88, a current ratio of 15.21 and a quick ratio of 15.21. National Health Investors has a twelve month low of $62.71 and a twelve month high of $81.60. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 3.43 and a beta of 0.46.
National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.42). National Health Investors had a return on equity of 11.69% and a net margin of 53.88%. The company had revenue of $72.75 million for the quarter, compared to analysts’ expectations of $72.04 million. During the same quarter last year, the company earned $1.25 EPS. National Health Investors’s revenue for the quarter was up 9.6% compared to the same quarter last year. sell-side analysts anticipate that National Health Investors will post 5.5 earnings per share for the current year.
NHI has been the topic of several research reports. KeyCorp lowered their target price on National Health Investors from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, April 17th. Cantor Fitzgerald reissued a “neutral” rating on shares of National Health Investors in a report on Wednesday, May 16th. Wells Fargo & Co set a $75.00 price objective on National Health Investors and gave the company a “market perform” rating in a research note on Thursday, May 31st. They noted that the move was a valuation call. BMO Capital Markets set a $70.00 price objective on National Health Investors and gave the company a “hold” rating in a research note on Monday, March 26th. Finally, Capital One Financial raised National Health Investors from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. National Health Investors has an average rating of “Hold” and a consensus target price of $73.44.
National Health Investors Company Profile
Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.
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