National Health Investors, Inc. (NYSE:NHI – Get Free Report) announced a quarterly dividend on Friday, August 7th. Stockholders 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 dividend on an annualized basis 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%per year over the last three years. National Health Investors has a dividend payout ratio of 115.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Trading Up 0.0%
Shares of NHI opened at $66.93 on Monday. The company has a quick ratio of 6.78, a current ratio of 6.78 and a debt-to-equity ratio of 0.81. National Health Investors has a 12-month low of $66.53 and a 12-month high of $91.38. The firm has a market capitalization of $3.29 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 3.57 and a beta of 0.52. The stock’s fifty day simple moving average is $73.00 and its 200-day simple moving average is $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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