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

National Health Investors, Inc. (NYSE:NHI) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.90 per share by the real estate investment trust on Friday, May 2nd. This represents a $3.60 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Monday, March 31st.

National Health Investors has increased its dividend payment 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. Equities research 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 NYSE NHI traded down $0.06 during mid-day trading on Wednesday, hitting $71.24. The company’s stock had a trading volume of 195,453 shares, compared to its average volume of 193,160. The company’s fifty day simple moving average is $68.59 and its 200-day simple moving average is $75.08. National Health Investors has a one year low of $56.70 and a one year high of $86.13. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 4.42 and a beta of 1.06. The company has a debt-to-equity ratio of 0.92, a current ratio of 10.29 and a quick ratio of 10.29.

National Health Investors (NYSE:NHI) last posted its quarterly earnings data 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. The company had revenue of $85.75 million during the quarter, compared to the consensus estimate of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. On average, sell-side analysts anticipate that National Health Investors will post 4.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their price target on National Health Investors from $78.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.60.

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.