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.
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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