Equity research analysts expect National Health Investors, Inc. (NYSE:NHI – Get a rating) to report earnings of $1.20 per share for the current quarter, according to Zacks. Two analysts made National Health Investors earnings estimates. The lowest EPS estimate is $1.18 and the highest is $1.21. National Health Investors posted earnings per share of $1.16 in the same quarter last year, suggesting a positive year-over-year growth rate of 3.4%. The company is due to announce its next earnings report on Monday, January 1.
On average, analysts expect National Health Investors to report annual earnings of $4.50 per share for the current fiscal year, with EPS estimates ranging from $4.43 to $4.59. For the next fiscal year, analysts expect the company to post earnings of $4.59 per share, with EPS estimates ranging from $4.52 to $4.66. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that provide coverage for domestic healthcare investors.
National Health Investors (NYSE: NHI – Get a rating) last released its quarterly earnings data on Monday, May 9. The real estate investment trust reported EPS of $0.18 for the quarter, missing analyst consensus estimates of $0.63 per ($0.45). National Health Investors posted a net margin of 29.35% and a return on equity of 5.55%. The company posted revenue of $71.33 million for the quarter, versus analyst estimates of $73.06 million. During the same period a year earlier, the company posted EPS of $1.24. The company’s revenue was down 11.8% year over year.
A number of analysts have commented on the company. Zacks Investment Research moved National Health Investors from a “strong sell” rating to a “hold” rating in a Friday, May 13 research report. Credit Suisse Group began covering National Health Investors in a research report on Tuesday, February 1. They set an “underperforming” rating and a target price of $51.00 for the company. BMO Capital Markets cut its price target on National Health Investors from $63.00 to $61.00 and set an “outperform” rating for the company in a Tuesday, April 19 research report. To finish, StockNews.com began covering domestic healthcare investors in a research report on Thursday, March 31. They set a “hold” rating for the company. One financial analyst has assigned the stock a sell rating, four have issued a hold rating and two have assigned the company a buy rating. Based on data from MarketBeat.com, National Health Investors has a consensus rating of “Hold” and a consensus target price of $62.00.
NHI shares opened at $58.92 on Friday. The stock has a 50-day moving average of $55.85 and a two-hundred-day moving average of $56.10. The company has a current ratio of 23.40, a quick ratio of 23.40 and a debt ratio of 0.84. National Health Investors has a 12-month low of $50.22 and a 12-month high of $69.23. The company has a market capitalization of $2.70 billion, a P/E ratio of 32.02 and a beta of 0.97.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 5. Investors of record on Thursday, June 30 will receive a dividend of $0.90 per share. The ex-date of this dividend is Wednesday, June 29. This represents an annualized dividend of $3.60 and a dividend yield of 6.11%. National Health Investors’ dividend payout ratio (DPR) is currently 195.65%.
Hedge funds have recently increased or reduced their holdings in the stock. Marshall Wace North America LP acquired a new stake in National Health Investors during Q1 worth $31,000. Covestor Ltd acquired a new stake in National Health Investors during the 4th quarter worth $33,000. TCI Wealth Advisors Inc. increased its stake in National Health Investors by 566.0% during the 1st quarter. TCI Wealth Advisors Inc. now owns 706 shares of the real estate investment trust worth $42,000 after buying an additional 600 shares in the last quarter. Wealth Quarterback LLC increased its stake in National Health Investors stock by 427.1% in Q3. Wealth Quarterback LLC now owns 4,544 shares of the real estate investment trust valued at $44,000 after purchasing 3,682 additional shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in National Health Investors shares by 232.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,003 shares of the real estate investment trust valued at $57,000 after buying an additional 701 shares during the period. 63.53% of the shares are held by hedge funds and other institutional investors.
About National Health Investors (Get a rating)
Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in the sale-leaseback, joint venture, mortgage and mezzanine financing of seniors’ housing and medical investments based on need and discretionary. NHI’s portfolio includes independent, assisted living and memory care communities, fee-paying retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.
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