National Health Investors, Inc. (NYSE:NHI) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.95 per share by the real estate investment trust on Friday, November 10th. This represents a $3.80 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Thursday, September 28th.

National Health Investors has raised its dividend by an average of 7.8% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. National Health Investors has a payout ratio of 73.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect National Health Investors to earn $3.57 per share next year, which means the company may not be able to cover its $3.80 annual dividend with an expected future payout ratio of 106.4%.

Shares of National Health Investors (NHI) traded up 0.68% during mid-day trading on Wednesday, hitting $76.06. 223,357 shares of the stock traded hands. The company has a market cap of $3.12 billion, a P/E ratio of 18.47 and a beta of 0.56. The firm has a 50 day moving average of $77.71 and a 200 day moving average of $74.98. National Health Investors has a 12 month low of $66.31 and a 12 month high of $82.53.

National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. National Health Investors had a net margin of 63.72% and a return on equity of 13.36%. The firm had revenue of $69.84 million for the quarter, compared to analyst estimates of $67.68 million. During the same period in the previous year, the business posted $1.22 earnings per share. National Health Investors’s quarterly revenue was up 14.1% on a year-over-year basis. Equities analysts anticipate that National Health Investors will post $3.73 EPS for the current fiscal year.

A number of brokerages have commented on NHI. BidaskClub downgraded shares of National Health Investors from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research raised shares of National Health Investors from a “sell” rating to a “hold” rating in a research note on Wednesday. Mizuho reaffirmed a “neutral” rating on shares of National Health Investors in a research note on Wednesday, June 28th. Stifel Nicolaus lifted their target price on shares of National Health Investors from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Finally, ValuEngine downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. National Health Investors presently has an average rating of “Hold” and an average price target of $79.60.

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About National Health Investors

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.

Dividend History for National Health Investors (NYSE:NHI)

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