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

National Health Investors, Inc. (NYSE:NHI) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders 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 yield of 5.05%. The ex-dividend date is Monday, March 31st.

National Health Investors has increased its dividend by an average of 7.8% annually over the last three years. National Health Investors has a dividend 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. 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 Up 0.1 %

Shares of NHI opened at $71.24 on Friday. National Health Investors has a fifty-two week low of $56.70 and a fifty-two week high of $86.13. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 4.42 and a beta of 1.06. The firm has a 50 day moving average price of $68.69 and a 200-day moving average price of $75.03. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29.

National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. The company had revenue of $85.75 million for the quarter, compared to analysts’ expectations of $81.13 million. As a group, equities research analysts forecast that National Health Investors will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their target price on 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.