Equities research analysts expect that National Health Investors Inc (NYSE:NHI) will post sales of $74.22 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for National Health Investors’ earnings. The highest sales estimate is $74.55 million and the lowest is $73.86 million. National Health Investors posted sales of $71.35 million in the same quarter last year, which would indicate a positive year over year growth rate of 4%. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, November 6th.
According to Zacks, analysts expect that National Health Investors will report full-year sales of $295.33 million for the current financial year, with estimates ranging from $294.20 million to $297.00 million. For the next financial year, analysts forecast that the firm will report sales of $313.02 million, with estimates ranging from $296.69 million to $322.41 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover National Health Investors.
National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). The company had revenue of $72.96 million during the quarter, compared to analysts’ expectations of $73.80 million. National Health Investors had a return on equity of 11.49% and a net margin of 53.16%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NHI. Principal Financial Group Inc. boosted its position in shares of National Health Investors by 7,076.6% during the first quarter. Principal Financial Group Inc. now owns 506,594 shares of the real estate investment trust’s stock valued at $34,089,000 after purchasing an additional 499,535 shares in the last quarter. BlackRock Inc. boosted its position in shares of National Health Investors by 4.7% during the second quarter. BlackRock Inc. now owns 4,026,546 shares of the real estate investment trust’s stock valued at $296,676,000 after purchasing an additional 182,378 shares in the last quarter. Hamlin Capital Management LLC boosted its position in shares of National Health Investors by 39.8% during the second quarter. Hamlin Capital Management LLC now owns 625,250 shares of the real estate investment trust’s stock valued at $46,068,000 after purchasing an additional 178,110 shares in the last quarter. Bank of America Corp DE boosted its position in shares of National Health Investors by 34.4% during the second quarter. Bank of America Corp DE now owns 478,340 shares of the real estate investment trust’s stock valued at $35,245,000 after purchasing an additional 122,484 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of National Health Investors by 37.9% during the second quarter. LSV Asset Management now owns 410,248 shares of the real estate investment trust’s stock valued at $30,227,000 after purchasing an additional 112,648 shares in the last quarter. Institutional investors own 68.67% of the company’s stock.
National Health Investors stock traded down $0.90 during trading hours on Friday, reaching $70.60. The company had a trading volume of 232,052 shares, compared to its average volume of 205,974. The company has a debt-to-equity ratio of 0.90, a current ratio of 15.56 and a quick ratio of 15.56. The stock has a market capitalization of $3.19 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 3.26 and a beta of 0.34. National Health Investors has a 12-month low of $62.71 and a 12-month high of $81.60.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, September 28th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $4.00 annualized dividend and a dividend yield of 5.67%. National Health Investors’s dividend payout ratio is presently 75.05%.
National Health Investors Company Profile
Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.
Featured Story: Dividend Aristocrat Index
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for National Health Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Health Investors and related companies with MarketBeat.com's FREE daily email newsletter.