$71.36 Million in Sales Expected for National Health Investors Inc (NHI) This Quarter

Wall Street brokerages expect National Health Investors Inc (NYSE:NHI) to post $71.36 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for National Health Investors’ earnings. The highest sales estimate is $71.83 million and the lowest is $70.90 million. National Health Investors posted sales of $64.69 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.3%. The business is expected to announce its next quarterly earnings results on Friday, February 16th.

On average, analysts expect that National Health Investors will report full-year sales of $71.36 million for the current year, with estimates ranging from $275.00 million to $279.03 million. For the next financial year, analysts expect that the company will post sales of $300.42 million per share, with estimates ranging from $298.19 million to $303.08 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover National Health Investors.

National Health Investors (NYSE:NHI) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.40). National Health Investors had a return on equity of 12.74% and a net margin of 59.70%.

A number of equities research analysts have issued reports on NHI shares. Stephens set a $79.00 target price on National Health Investors and gave the stock a “buy” rating in a research report on Friday, January 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $82.00 target price on shares of National Health Investors in a research report on Wednesday, October 4th. Zacks Investment Research raised National Health Investors from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Thursday, September 28th. ValuEngine raised National Health Investors from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Capital One Financial started coverage on National Health Investors in a research report on Monday, October 23rd. They set an “equal weight” rating for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $81.25.

Several institutional investors and hedge funds have recently bought and sold shares of NHI. BlackRock Inc. boosted its position in shares of National Health Investors by 6.6% in the second quarter. BlackRock Inc. now owns 3,547,049 shares of the real estate investment trust’s stock valued at $280,927,000 after acquiring an additional 218,482 shares during the period. Allianz Asset Management GmbH boosted its position in shares of National Health Investors by 57.8% in the third quarter. Allianz Asset Management GmbH now owns 394,800 shares of the real estate investment trust’s stock valued at $30,514,000 after acquiring an additional 144,650 shares during the period. State Street Corp boosted its position in shares of National Health Investors by 8.5% in the second quarter. State Street Corp now owns 999,167 shares of the real estate investment trust’s stock valued at $79,133,000 after acquiring an additional 78,355 shares during the period. Vanguard Group Inc. boosted its position in shares of National Health Investors by 1.2% in the second quarter. Vanguard Group Inc. now owns 6,291,954 shares of the real estate investment trust’s stock valued at $498,323,000 after acquiring an additional 72,518 shares during the period. Finally, Employees Retirement System of Texas boosted its position in shares of National Health Investors by 353.3% in the second quarter. Employees Retirement System of Texas now owns 81,600 shares of the real estate investment trust’s stock valued at $6,463,000 after acquiring an additional 63,600 shares during the period. 70.12% of the stock is owned by institutional investors.

Shares of National Health Investors (NYSE:NHI) opened at $69.80 on Monday. The stock has a market capitalization of $2,898.94, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 3.22 and a beta of 0.59. The company has a current ratio of 12.72, a quick ratio of 12.72 and a debt-to-equity ratio of 0.84. National Health Investors has a 12-month low of $68.96 and a 12-month high of $81.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.80 annualized dividend and a dividend yield of 5.44%. National Health Investors’s dividend payout ratio is 95.00%.

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National Health Investors Company Profile

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.

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Earnings History and Estimates for National Health Investors (NYSE:NHI)

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