National Health Investors, Inc. (NHI) to Issue Quarterly Dividend of $0.90 on May 2nd

National Health Investors, Inc. (NYSE:NHI) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.90 per share by the real estate investment trust on Friday, May 2nd. This represents a $3.60 annualized dividend and a yield of 5.05%. The ex-dividend date is Monday, March 31st.

National Health Investors has raised its dividend by an average of 7.8% annually over the last three years. National Health Investors has a dividend payout ratio of 107.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect National Health Investors to earn $4.66 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 77.3%.

National Health Investors Stock Up 0.1 %

Shares of NYSE NHI opened at $71.24 on Friday. The business has a 50-day simple moving average of $68.69 and a two-hundred day simple moving average of $75.03. National Health Investors has a 52 week low of $56.70 and a 52 week high of $86.13. The company has a market cap of $3.24 billion, a P/E ratio of 24.48, a P/E/G ratio of 4.42 and a beta of 1.06. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 0.92.

National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The firm had revenue of $85.75 million during the quarter, compared to analyst estimates of $81.13 million. Research analysts anticipate that National Health Investors will post 4.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Truist Financial lowered their price target on National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.60.

National Health Investors Company Profile

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.