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

National Health Investors, Inc. (NYSE:NHI) announced a quarterly dividend on Monday, November 9th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.92 per share by the real estate investment trust on Friday, January 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Thursday, December 31st.

National Health Investors has a dividend payout ratio of 115.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect National Health Investors to earn $4.98 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 75.5%.

National Health Investors Price Performance

National Health Investors stock opened at $71.49 on Tuesday. National Health Investors has a 12-month low of $63.51 and a 12-month high of $91.38. The stock has a market cap of $3.51 billion, a P/E ratio of 20.66, a PEG ratio of 4.54 and a beta of 0.51. The company has a 50-day moving average price of $67.80 and a 200 day moving average price of $76.13. The company has a current ratio of 6.78, a quick ratio of 6.78 and a debt-to-equity ratio of 0.81.

National Health Investors (NYSE:NHI) last announced its quarterly earnings results on Monday, November 9th. The real estate investment trust reported $11.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $10.29. The business had revenue of $113.48 million during the quarter, compared to the consensus estimate of $68.53 million. National Health Investors had a net margin of 38.56% and a return on equity of 10.89%. Sell-side analysts anticipate that National Health Investors will post 4.76 earnings per share for the current year.

About National Health Investors

National Health Investors, Inc (NYSE: NHI) is a real estate investment trust that owns and finances properties used for senior housing and health care. Founded in 1991, the company is headquartered in Murfreesboro, Tennessee.

NHI’s portfolio includes senior housing communities, such as independent living, assisted living and memory care properties, as well as skilled nursing facilities. It typically works with health care operators through property leases and mortgage loans.

The company serves markets across the United States.