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

National Health Investors, Inc. (NYSE:NHI) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Monday, March 31st.

National Health Investors has increased its dividend by an average of 7.8% per year over the last three years. National Health Investors has a payout ratio of 107.8% 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 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 Price Performance

NYSE NHI opened at $71.20 on Thursday. National Health Investors has a 12 month low of $56.70 and a 12 month high of $86.13. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 4.42 and a beta of 1.06. The company’s 50 day moving average is $68.64 and its two-hundred day moving average is $75.05. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 0.92.

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

Wall Street Analysts Forecast Growth

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

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.