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

National Health Investors, Inc. (NYSE:NHI) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Wednesday, December 31st will be paid 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 4.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

National Health Investors has decreased its dividend by an average of 0.0%per year 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. 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 $3.68 annual dividend with an expected future payout ratio of 79.0%.

National Health Investors Price Performance

Shares of NYSE NHI traded up $1.66 during mid-day trading on Friday, hitting $76.97. 259,586 shares of the stock traded hands, compared to its average volume of 237,219. The company has a debt-to-equity ratio of 0.75, a current ratio of 10.91 and a quick ratio of 10.91. National Health Investors has a twelve month low of $65.13 and a twelve month high of $82.32. The company has a market cap of $3.65 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 3.31 and a beta of 0.74. The firm has a 50 day simple moving average of $76.81 and a two-hundred day simple moving average of $74.36.

National Health Investors (NYSE:NHI) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.08. The business 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 revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. National Health Investors has set its FY 2025 guidance at 4.880-4.91 EPS. As a group, equities research analysts forecast that National Health Investors will post 4.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NHI. Weiss Ratings reiterated a “buy (b-)” rating on shares of National Health Investors in a research report on Wednesday, October 8th. Cantor Fitzgerald started coverage on National Health Investors in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 price objective on the stock. Truist Financial upped their price objective on shares of National Health Investors from $77.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Wells Fargo & Company increased their price objective on shares of 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. Finally, National Bankshares set a $90.00 target price on shares of National Health Investors in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.