National Health Investors, Inc. (NHI) Expected to Earn FY2017 Earnings of $5.23 Per Share
National Health Investors, Inc. (NYSE:NHI) – Equities researchers at Cantor Fitzgerald issued their FY2017 earnings per share estimates for shares of National Health Investors in a report released on Tuesday. Cantor Fitzgerald analyst J. France forecasts that the real estate investment trust will earn $5.23 per share for the year. Cantor Fitzgerald also issued estimates for National Health Investors’ FY2018 earnings at $5.46 EPS.
A number of other research analysts have also recently commented on the stock. Bank of America Corporation cut shares of National Health Investors from a “neutral” rating to an “underperform” rating and set a $76.00 target price on the stock. in a research report on Monday, May 22nd. Mizuho reissued a “neutral” rating on shares of National Health Investors in a research report on Wednesday, June 28th. Stifel Nicolaus boosted their target price on shares of National Health Investors from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, BidaskClub cut shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $81.40.
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Shares of National Health Investors (NHI) opened at 80.59 on Thursday. The stock has a 50 day moving average of $78.14 and a 200-day moving average of $75.77. National Health Investors has a one year low of $66.31 and a one year high of $81.29. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 20.70 and a beta of 0.56.
National Health Investors (NYSE:NHI) last announced its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.29 by $0.36. National Health Investors had a net margin of 59.24% and a return on equity of 12.56%. The firm had revenue of $69.84 million during the quarter, compared to analyst estimates of $67.68 million. During the same quarter in the previous year, the business posted $1.22 earnings per share. National Health Investors’s revenue for the quarter was up 14.1% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, September 29th will be issued a $0.95 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.80 annualized dividend and a yield of 4.72%. National Health Investors’s dividend payout ratio is presently 97.69%.
In related news, insider Kevin Carlton Pascoe sold 2,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $79.80, for a total value of $159,600.00. Following the sale, the insider now directly owns 21,228 shares of the company’s stock, valued at $1,693,994.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.19% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Carroll Financial Associates Inc. acquired a new stake in National Health Investors in the second quarter valued at $158,000. Quantbot Technologies LP acquired a new stake in National Health Investors in the first quarter valued at $201,000. Yorktown Management & Research Co Inc acquired a new stake in National Health Investors in the second quarter valued at $214,000. Allegis Investment Advisors LLC acquired a new stake in National Health Investors in the second quarter valued at $216,000. Finally, Daiwa Securities Group Inc. raised its holdings in National Health Investors by 1.7% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 55 shares in the last quarter. 70.58% of the stock is currently owned by hedge funds and other institutional investors.
About National Health Investors
National Health Investors, Inc is a self-managed real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company is engaged in the business of owning and financing healthcare properties.
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