Analysts expect National Health Investors Inc (NYSE:NHI) to announce earnings per share (EPS) of $1.32 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for National Health Investors’ earnings, with estimates ranging from $1.27 to $1.37. National Health Investors posted earnings per share of $1.35 during the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The firm is expected to report its next quarterly earnings report on Tuesday, May 14th.
On average, analysts expect that National Health Investors will report full year earnings of $5.50 per share for the current fiscal year, with EPS estimates ranging from $5.43 to $5.63. For the next fiscal year, analysts forecast that the firm will report earnings of $5.72 per share, with EPS estimates ranging from $5.65 to $5.76. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover National Health Investors.
National Health Investors (NYSE:NHI) last released its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.52). The company had revenue of $74.00 million during the quarter, compared to the consensus estimate of $75.16 million. National Health Investors had a return on equity of 11.36% and a net margin of 52.38%. National Health Investors’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 EPS.
Shares of NYSE:NHI opened at $79.24 on Friday. The company has a quick ratio of 17.92, a current ratio of 17.92 and a debt-to-equity ratio of 0.92. National Health Investors has a fifty-two week low of $65.10 and a fifty-two week high of $84.57. The stock has a market cap of $3.37 billion, a P/E ratio of 14.46 and a beta of 0.51.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, March 29th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Thursday, March 28th. This is an increase from National Health Investors’s previous quarterly dividend of $1.00. National Health Investors’s dividend payout ratio is currently 72.99%.
In related news, Director Robert A. Mccabe, Jr. sold 1,181 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $78.04, for a total transaction of $92,165.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.63% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. ERTS Wealth Advisors LLC acquired a new position in National Health Investors during the 4th quarter valued at about $25,000. Oppenheimer Asset Management Inc. acquired a new position in National Health Investors during the 4th quarter valued at about $52,000. Quantamental Technologies LLC acquired a new position in National Health Investors during the 4th quarter valued at about $75,000. Doyle Wealth Management acquired a new position in National Health Investors during the 4th quarter valued at about $76,000. Finally, MML Investors Services LLC acquired a new position in National Health Investors during the 3rd quarter valued at about $212,000. 70.77% of the stock is owned by hedge funds and other institutional investors.
About National Health Investors
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.
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