Analysts expect that National Health Investors Inc (NYSE:NHI) will post earnings per share (EPS) of $1.40 for the current quarter, according to Zacks. Four analysts have provided estimates for National Health Investors’ earnings, with the highest EPS estimate coming in at $1.40 and the lowest estimate coming in at $1.39. National Health Investors reported earnings of $1.39 per share during the same quarter last year, which suggests a positive year over year growth rate of 0.7%. The business is expected to report its next quarterly earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that National Health Investors will report full-year earnings of $5.49 per share for the current financial year, with EPS estimates ranging from $5.48 to $5.50. For the next financial year, analysts expect that the company will post earnings of $5.75 per share, with EPS estimates ranging from $5.71 to $5.79. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for National Health Investors.
National Health Investors (NYSE:NHI) last released its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.45). The business had revenue of $78.10 million during the quarter, compared to analyst estimates of $77.64 million. National Health Investors had a net margin of 50.71% and a return on equity of 11.00%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 EPS.
Separately, Zacks Investment Research lowered shares of National Health Investors from a “buy” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $79.60.
Shares of National Health Investors stock traded up $0.73 during mid-day trading on Friday, hitting $82.83. The stock had a trading volume of 146,100 shares, compared to its average volume of 153,777. The firm has a 50-day moving average of $79.83 and a two-hundred day moving average of $79.01. National Health Investors has a 12-month low of $70.54 and a 12-month high of $84.57. The company has a quick ratio of 14.99, a current ratio of 14.42 and a debt-to-equity ratio of 1.04. The firm has a market cap of $3.54 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 3.72 and a beta of 0.37.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.07%. National Health Investors’s payout ratio is 76.64%.
In other news, CIO Kevin Carlton Pascoe sold 900 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $82.46, for a total value of $74,214.00. Following the sale, the executive now directly owns 27,826 shares in the company, valued at approximately $2,294,531.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.11% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Lee Danner & Bass Inc. raised its position in National Health Investors by 0.6% during the second quarter. Lee Danner & Bass Inc. now owns 139,982 shares of the real estate investment trust’s stock valued at $10,923,000 after acquiring an additional 800 shares in the last quarter. Farmers National Bank bought a new stake in shares of National Health Investors during the 1st quarter worth $49,000. Fort Washington Investment Advisors Inc. OH lifted its position in shares of National Health Investors by 44.9% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 6,458 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 2,000 shares during the last quarter. BlackRock Inc. lifted its position in shares of National Health Investors by 0.5% during the 1st quarter. BlackRock Inc. now owns 4,238,190 shares of the real estate investment trust’s stock worth $332,910,000 after buying an additional 21,764 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of National Health Investors by 3.1% during the 1st quarter. Raymond James & Associates now owns 62,906 shares of the real estate investment trust’s stock worth $4,941,000 after buying an additional 1,916 shares during the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.
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.
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