National Health Investors, Inc. (NYSE:NHI – Get Free Report) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.92 per share by the real estate investment trust on Friday, August 7th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, June 30th.
National Health Investors has decreased its dividend by an average of 0.0%annually over the last three years. National Health Investors has a dividend payout ratio of 112.5% 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 $5.34 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 68.9%.
National Health Investors Stock Down 2.0%
NYSE NHI opened at $74.23 on Tuesday. The business has a fifty day moving average price of $83.79 and a two-hundred day moving average price of $80.56. The stock has a market capitalization of $3.60 billion, a PE ratio of 24.58, a PEG ratio of 4.18 and a beta of 0.55. National Health Investors has a fifty-two week low of $68.80 and a fifty-two week high of $91.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 6.90 and a quick ratio of 6.90.
About National Health Investors
National Health Investors, Inc (NYSE: NHI) is a specialized real estate investment trust (REIT) focused on owning and financing high-quality healthcare and senior housing facilities in the United States. The company’s portfolio encompasses a diverse range of properties, including skilled nursing centers, assisted living and memory care communities, behavioral health facilities, dialysis clinics, and medical office buildings. NHI typically enters into long-term net-lease agreements with experienced healthcare operators, providing stable and predictable rental income streams while enabling its tenants to concentrate on delivering quality care.
Since its founding in 1991 and initial public offering later that year, National Health Investors has pursued a disciplined growth strategy centered on strategic acquisitions, joint ventures, and selective development.
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