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

National Health Investors, Inc. (NYSE:NHI) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be paid 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 dividend 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 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. Equities 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 Trading Down 0.1 %

Shares of NHI traded down $0.06 during trading on Wednesday, reaching $71.24. 195,453 shares of the company traded hands, compared to its average volume of 193,160. National Health Investors has a twelve month low of $56.70 and a twelve month high of $86.13. The stock has a 50-day simple moving average of $68.59 and a 200-day simple moving average of $75.08. The stock has a market cap of $3.24 billion, a PE ratio of 24.51, a price-to-earnings-growth 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 issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $85.75 million during 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%. On average, analysts anticipate that National Health Investors will post 4.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their target price on shares of National Health Investors from $78.00 to $72.00 and set a “hold” rating for the company in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.