National Health Investors Inc (NHI) Expected to Announce Earnings of $1.40 Per Share

Equities research analysts forecast that National Health Investors Inc (NYSE:NHI) will announce $1.40 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for National Health Investors’ earnings. The lowest EPS estimate is $1.39 and the highest is $1.41. National Health Investors reported earnings per share of $1.36 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The firm is scheduled to announce its next earnings results on Friday, February 15th.

On average, analysts expect that National Health Investors will report full year earnings of $5.51 per share for the current fiscal year, with EPS estimates ranging from $5.50 to $5.53. For the next year, analysts anticipate that the company will post earnings of $5.66 per share, with EPS estimates ranging from $5.54 to $5.83. Zacks’ earnings per share averages are an average based on a survey of analysts that follow National Health Investors.

National Health Investors (NYSE:NHI) last posted its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.42). The company had revenue of $74.92 million during the quarter, compared to analysts’ expectations of $73.72 million. National Health Investors had a net margin of 53.15% and a return on equity of 11.56%. National Health Investors’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share.

A number of research firms recently commented on NHI. Wells Fargo & Co reiterated a “hold” rating on shares of National Health Investors in a report on Tuesday, August 28th. Zacks Investment Research cut National Health Investors from a “buy” rating to a “hold” rating in a report on Friday, November 9th. SunTrust Banks reiterated a “hold” rating and issued a $79.00 price objective on shares of National Health Investors in a report on Wednesday, August 8th. They noted that the move was a valuation call. Stifel Nicolaus set a $83.00 price objective on National Health Investors and gave the company a “buy” rating in a report on Tuesday, August 7th. Finally, Cantor Fitzgerald upped their price objective on National Health Investors from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.22.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NHI. Principal Financial Group Inc. lifted its holdings in National Health Investors by 7,076.6% in the first quarter. Principal Financial Group Inc. now owns 506,594 shares of the real estate investment trust’s stock valued at $34,089,000 after acquiring an additional 499,535 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in National Health Investors by 15.5% in the second quarter. Xact Kapitalforvaltning AB now owns 5,951 shares of the real estate investment trust’s stock valued at $438,000 after acquiring an additional 800 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in National Health Investors by 58.2% in the second quarter. Nisa Investment Advisors LLC now owns 23,430 shares of the real estate investment trust’s stock valued at $1,726,000 after acquiring an additional 8,620 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in National Health Investors during the second quarter worth $265,000. Finally, Zeke Capital Advisors LLC acquired a new position in National Health Investors during the second quarter worth $201,000. Hedge funds and other institutional investors own 70.11% of the company’s stock.

Shares of NHI stock traded up $0.02 during trading hours on Thursday, reaching $75.26. The company had a trading volume of 124,568 shares, compared to its average volume of 237,008. The company has a debt-to-equity ratio of 0.89, a current ratio of 14.53 and a quick ratio of 14.53. The firm has a market capitalization of $3.18 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 3.22 and a beta of 0.30. National Health Investors has a 12-month low of $62.71 and a 12-month high of $81.60.

National Health Investors Company Profile

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

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Earnings History and Estimates for National Health Investors (NYSE:NHI)

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