National Health Investors Inc (NHI) Expected to Post Quarterly Sales of $73.51 Million

Wall Street analysts predict that National Health Investors Inc (NYSE:NHI) will report $73.51 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for National Health Investors’ earnings, with the highest sales estimate coming in at $75.04 million and the lowest estimate coming in at $71.36 million. National Health Investors posted sales of $72.75 million during the same quarter last year, which would indicate a positive year over year growth rate of 1%. The business is expected to announce its next quarterly earnings results on Tuesday, May 14th.

On average, analysts expect that National Health Investors will report full-year sales of $299.65 million for the current fiscal year, with estimates ranging from $287.43 million to $307.88 million. For the next fiscal year, analysts expect that the firm will report sales of $311.90 million, with estimates ranging from $292.83 million to $329.54 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow National Health Investors.

National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.52). National Health Investors had a return on equity of 11.36% and a net margin of 52.38%. The business had revenue of $74.00 million during the quarter, compared to analyst estimates of $75.16 million. During the same quarter last year, the company posted $1.35 EPS. National Health Investors’s quarterly revenue was up 4.1% compared to the same quarter last year.

Several brokerages recently weighed in on NHI. Zacks Investment Research upgraded shares of National Health Investors from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. SunTrust Banks upped their price objective on National Health Investors to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 20th. They noted that the move was a valuation call. ValuEngine upgraded National Health Investors from a “hold” rating to a “buy” rating in a research report on Tuesday, December 11th. KeyCorp set a $65.00 price objective on National Health Investors and gave the stock a “sell” rating in a research report on Thursday, December 20th. Finally, BMO Capital Markets lowered National Health Investors from a “market perform” rating to an “underperform” rating and set a $78.00 price objective on the stock. in a research report on Wednesday, February 20th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $78.14.

In other National Health Investors news, Director Robert A. Mccabe, Jr. sold 1,181 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $78.04, for a total value of $92,165.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.63% of the company’s stock.

Several large investors have recently made changes to their positions in NHI. Russell Investments Group Ltd. lifted its position in shares of National Health Investors by 16.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 33,606 shares of the real estate investment trust’s stock valued at $2,540,000 after buying an additional 4,710 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of National Health Investors by 1.8% during the 3rd quarter. Wells Fargo & Company MN now owns 152,385 shares of the real estate investment trust’s stock valued at $11,519,000 after buying an additional 2,721 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of National Health Investors by 1,298.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,020 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 2,804 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of National Health Investors by 23.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,390 shares of the real estate investment trust’s stock valued at $559,000 after buying an additional 1,395 shares in the last quarter. Finally, HL Financial Services LLC lifted its position in shares of National Health Investors by 8.3% during the 3rd quarter. HL Financial Services LLC now owns 11,708 shares of the real estate investment trust’s stock valued at $885,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 70.77% of the company’s stock.

Shares of NYSE:NHI opened at $79.24 on Tuesday. National Health Investors has a twelve month low of $65.10 and a twelve month high of $84.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 17.92 and a current ratio of 17.92. The company has a market capitalization of $3.37 billion, a P/E ratio of 14.46 and a beta of 0.51.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, March 29th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.30%. The ex-dividend date is Thursday, March 28th. This is a positive change from National Health Investors’s previous quarterly dividend of $1.00. National Health Investors’s dividend payout ratio is currently 72.99%.

About National Health Investors

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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