National Health Investors, Inc. (NYSE:NHI – Get Free Report) announced a quarterly dividend on Friday, August 7th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.92 per share by the real estate investment trust on Friday, November 6th. This represents a $3.68 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th.
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 payout ratio of 115.0% meaning 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 $5.00 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 75.2%.
National Health Investors Stock Up 0.0%
NHI stock opened at $66.93 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 6.78 and a quick ratio of 6.78. The stock has a market capitalization of $3.29 billion, a P/E ratio of 19.34, a P/E/G ratio of 3.57 and a beta of 0.52. National Health Investors has a fifty-two week low of $66.53 and a fifty-two week high of $91.38. The business has a 50-day moving average of $73.00 and a 200-day moving average of $76.19.
About National Health Investors
National Health Investors, Inc (NYSE:NHI) is a real estate investment trust that owns and finances healthcare real estate. The company focuses primarily on properties serving older adults and patients requiring specialized care, including independent living, assisted living, memory care, skilled nursing and continuing care retirement communities.
NHI generally leases its properties to healthcare and senior-living operators under long-term agreements, including primarily triple-net leases, under which tenants are typically responsible for property-level operating expenses, maintenance and taxes.
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