National Health Investors, Inc. (NYSE:NHI) Declares Quarterly Dividend of $0.90

National Health Investors, Inc. (NYSE:NHIGet Rating) declared a quarterly dividend on Monday, May 9th, Zacks reports. Shareholders of record on Thursday, June 30th will be paid a dividend of 0.90 per share by the real estate investment trust on Friday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend is Wednesday, June 29th.

National Health Investors has decreased its dividend payment by an average of 1.7% per year over the last three years. National Health Investors has a payout ratio of 111.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect National Health Investors to earn $4.59 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 78.4%.

Shares of NYSE:NHI traded up $1.81 during midday trading on Wednesday, reaching $53.81. The company had a trading volume of 1,454 shares, compared to its average volume of 278,966. The company has a debt-to-equity ratio of 0.82, a current ratio of 18.70 and a quick ratio of 18.70. The company’s fifty day simple moving average is $55.99. The stock has a market cap of $2.47 billion, a PE ratio of 21.31 and a beta of 0.97. National Health Investors has a one year low of $50.22 and a one year high of $70.55.

National Health Investors (NYSE:NHIGet Rating) last posted its quarterly earnings data on Monday, May 9th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.45). The company had revenue of $71.33 million during the quarter, compared to analyst estimates of $73.06 million. National Health Investors had a return on equity of 7.23% and a net margin of 37.43%. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 EPS. As a group, equities analysts anticipate that National Health Investors will post 4.42 earnings per share for the current year.

Several research analysts have issued reports on NHI shares. BMO Capital Markets dropped their price objective on National Health Investors from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Tuesday, April 19th. began coverage on National Health Investors in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group assumed coverage on National Health Investors in a research report on Tuesday, February 1st. They set an “underperform” rating and a $51.00 price target on the stock. Finally, Zacks Investment Research downgraded National Health Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.00.

A number of hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC raised its holdings in National Health Investors by 191.1% during the 4th quarter. Penserra Capital Management LLC now owns 4,105 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 2,695 shares during the period. Benchmark Investment Advisors LLC purchased a new position in shares of National Health Investors in the fourth quarter worth about $287,000. MML Investors Services LLC raised its position in National Health Investors by 8.7% during the fourth quarter. MML Investors Services LLC now owns 5,336 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 427 shares in the last quarter. LPL Financial LLC grew its holdings in National Health Investors by 23.9% in the fourth quarter. LPL Financial LLC now owns 8,242 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 1,589 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of National Health Investors by 24.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 9,326 shares of the real estate investment trust’s stock worth $536,000 after acquiring an additional 1,826 shares during the last quarter. Institutional investors and hedge funds own 63.53% of the company’s stock.

National Health Investors Company Profile (Get Rating)

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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