National Health Investors (NYSE:NHI) Releases Quarterly Earnings Results, Misses Estimates By $0.42 EPS

National Health Investors (NYSE:NHI) announced its earnings results on Tuesday. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.42), Zacks reports. National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The firm had revenue of $63.32 million for the quarter, compared to the consensus estimate of $67.93 million. During the same period in the prior year, the business earned $1.08 EPS. National Health Investors’s quarterly revenue was up 1.7% on a year-over-year basis. National Health Investors updated its FY24 guidance to $4.43-$4.44 EPS and its FY 2024 guidance to 4.430-4.440 EPS.

National Health Investors Stock Up 3.8 %

Shares of NHI traded up $2.88 during midday trading on Thursday, reaching $79.64. 451,097 shares of the stock were exchanged, compared to its average volume of 194,790. National Health Investors has a 52 week low of $49.25 and a 52 week high of $86.13. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $80.38 and its two-hundred day moving average is $73.16. The company has a market capitalization of $3.46 billion, a P/E ratio of 27.07, a PEG ratio of 5.05 and a beta of 1.05.

National Health Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, December 31st. National Health Investors’s dividend payout ratio (DPR) is presently 122.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NHI shares. StockNews.com cut shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Bank of America began coverage on shares of National Health Investors in a research report on Tuesday, September 24th. They set a “buy” rating and a $92.00 target price for the company. Wells Fargo & Company cut shares of National Health Investors from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $81.00 to $86.00 in a research note on Tuesday, October 1st. Finally, Truist Financial increased their target price on shares of National Health Investors from $65.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.29.

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.