National Health Investors, Inc. to Issue Quarterly Dividend of $0.92 (NYSE:NHI)

National Health Investors, Inc. (NYSE:NHI) announced a quarterly dividend on Thursday, November 6th. Investors of record on Wednesday, December 31st will be given a dividend of 0.92 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, December 31st.

National Health Investors has decreased its dividend payment by an average of 0.0%annually over the last three years. National Health Investors has a dividend payout ratio of 112.5% 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 $3.68 annual dividend with an expected future payout ratio of 79.0%.

National Health Investors Stock Up 3.0%

NYSE:NHI traded up $2.28 during trading hours on Friday, reaching $77.59. The company’s stock had a trading volume of 197,778 shares, compared to its average volume of 236,965. The company has a debt-to-equity ratio of 0.75, a current ratio of 10.91 and a quick ratio of 10.91. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 3.31 and a beta of 0.74. National Health Investors has a one year low of $65.13 and a one year high of $82.32. The business’s 50-day moving average is $76.81 and its 200-day moving average is $74.36.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.08. The company had revenue of $83.36 million during the quarter, compared to analysts’ expectations of $85.66 million. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%.The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. National Health Investors has set its FY 2025 guidance at 4.880-4.91 EPS. Equities research analysts predict that National Health Investors will post 4.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NHI. Wells Fargo & Company upped their target price on National Health Investors from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. National Bankshares set a $90.00 price objective on shares of National Health Investors in a research note on Wednesday, October 1st. Truist Financial upped their price objective on shares of National Health Investors from $77.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of National Health Investors in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald began coverage on shares of National Health Investors in a report on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $84.83.

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.