National Health Investors, Inc. (NHI) Declares $0.95 Quarterly Dividend

National Health Investors, Inc. (NYSE:NHI) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.95 per share by the real estate investment trust on Friday, November 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Thursday, September 28th.

National Health Investors has raised its dividend by an average of 7.8% per year over the last three years and has increased its dividend every year for the last 7 years. National Health Investors has a dividend payout ratio of 72.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect National Health Investors to earn $5.42 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 70.1%.

Shares of National Health Investors (NYSE:NHI) traded down 0.62% during mid-day trading on Friday, hitting $78.63. The stock had a trading volume of 180,659 shares. The stock has a 50 day moving average price of $77.28 and a 200-day moving average price of $75.17. National Health Investors has a 52-week low of $66.31 and a 52-week high of $82.53. The company has a market cap of $3.22 billion, a PE ratio of 20.19 and a beta of 0.56.

National Health Investors (NYSE:NHI) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by $0.36. The company had revenue of $69.84 million for the quarter, compared to analyst estimates of $67.68 million. National Health Investors had a net margin of 59.24% and a return on equity of 12.56%. National Health Investors’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 EPS. On average, equities analysts expect that National Health Investors will post $3.88 earnings per share for the current fiscal year.

NHI has been the topic of a number of analyst reports. BidaskClub upgraded National Health Investors from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research upgraded National Health Investors from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Mizuho reiterated a “neutral” rating on shares of National Health Investors in a report on Wednesday, June 28th. Stifel Nicolaus increased their target price on National Health Investors from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, June 21st. Finally, ValuEngine cut National Health Investors from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. National Health Investors currently has a consensus rating of “Hold” and a consensus price target of $79.60.

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About National Health Investors

National Health Investors, Inc is a self-managed real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company is engaged in the business of owning and financing healthcare properties.

Dividend History for National Health Investors (NYSE:NHI)

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