National Health Investors Inc (NYSE:NHI) Declares $1.05 Quarterly Dividend

National Health Investors Inc (NYSE:NHI) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 1.05 per share by the real estate investment trust on Friday, August 9th. This represents a $4.20 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Thursday, June 27th.

National Health Investors has raised its dividend by an average of 6.0% per year over the last three years and has increased its dividend annually for the last 9 consecutive years. National Health Investors has a dividend payout ratio of 76.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect National Health Investors to earn $5.74 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 73.2%.

Shares of NHI traded up $0.04 during midday trading on Thursday, reaching $78.33. The stock had a trading volume of 121,000 shares, compared to its average volume of 197,970. The stock has a market capitalization of $3.38 billion, a P/E ratio of 14.29, a PEG ratio of 3.61 and a beta of 0.48. National Health Investors has a 12-month low of $70.54 and a 12-month high of $84.57. The company has a current ratio of 14.99, a quick ratio of 14.99 and a debt-to-equity ratio of 0.91.

National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.48). The business had revenue of $76.11 million for the quarter, compared to the consensus estimate of $73.21 million. National Health Investors had a net margin of 50.87% and a return on equity of 10.96%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.35 EPS. On average, equities research analysts predict that National Health Investors will post 5.49 EPS for the current year.

Several research analysts have recently issued reports on NHI shares. Zacks Investment Research lowered National Health Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. BMO Capital Markets downgraded National Health Investors from a “market perform” rating to an “underperform” rating and set a $78.00 price target on the stock. in a research note on Wednesday, February 20th. SunTrust Banks upped their price target on National Health Investors to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Finally, ValuEngine downgraded National Health Investors from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $79.43.

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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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Dividend History for National Health Investors (NYSE:NHI)

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