National Health Investors, Inc. (NHI) To Go Ex-Dividend on March 31st

National Health Investors, Inc. (NYSE:NHI) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.90 per share by the real estate investment trust on Friday, May 2nd. This represents a $3.60 annualized dividend and a yield of 4.82%. The ex-dividend date is Monday, March 31st.

National Health Investors has increased its dividend by an average of 7.8% annually over the last three years. National Health Investors has a payout ratio of 109.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect National Health Investors to earn $4.66 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 77.3%.

National Health Investors Stock Performance

Shares of NYSE NHI opened at $74.74 on Friday. National Health Investors has a 1 year low of $57.80 and a 1 year high of $86.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 10.29 and a current ratio of 10.29. The stock has a fifty day moving average price of $70.95 and a two-hundred day moving average price of $74.35. The firm has a market cap of $3.41 billion, a P/E ratio of 25.68, a PEG ratio of 4.42 and a beta of 1.08.

National Health Investors (NYSE:NHI) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $85.75 million during the quarter, compared to analysts’ expectations of $81.13 million. National Health Investors had a net margin of 38.53% and a return on equity of 10.11%. Research analysts forecast that National Health Investors will post 4.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NHI has been the topic of several research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $88.00 target price on shares of National Health Investors in a research note on Monday, March 17th. Truist Financial raised their price target on shares of National Health Investors from $70.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, National Health Investors has a consensus rating of “Hold” and a consensus price target of $85.50.

About National Health Investors

Incorporated in 1991, National Health Investors, Inc (NYSE:NHI) is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.