National Health Investors, Inc. (NYSE:NHI) to Issue Quarterly Dividend of $0.92

Key Points

• National Health Investors, Inc. has increased its quarterly dividend to $0.92 per share, up from $0.90, representing a 2.2% increase.
• The company's dividend payout ratio is 110.1%, indicating reliance on its balance sheet to sustain dividend payments but expected to reduce to 77.3% next year.
• After reporting $1.22 EPS for the last quarter, National Health Investors surpassed analyst estimates and analysts have a consensus target price of $84.60 for the stock.

National Health Investors, Inc. (NYSE:NHI - Get Free Report) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.92 per share by the real estate investment trust on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a 2.2% increase from National Health Investors's previous quarterly dividend of $0.90.

National Health Investors has a dividend payout ratio of 110.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Up 0.3%

NYSE:NHI traded up $0.25 during mid-day trading on Monday, hitting $75.17. The stock had a trading volume of 195,943 shares, compared to its average volume of 242,202. The stock has a 50-day simple moving average of $71.30 and a two-hundred day simple moving average of $72.13. The company has a market capitalization of $3.57 billion, a PE ratio of 24.02, a PEG ratio of 3.96 and a beta of 0.73. National Health Investors has a twelve month low of $65.13 and a twelve month high of $86.13. The company has a current ratio of 10.91, a quick ratio of 10.91 and a debt-to-equity ratio of 0.75.

National Health Investors (NYSE:NHI - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The company had revenue of $70.27 million during the quarter, compared to the consensus estimate of $86.46 million. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%. National Health Investors's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 earnings per share. On average, equities research analysts anticipate that National Health Investors will post 4.41 EPS for the current year.

National Health Investors Company Profile

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.