National Health Investors, Inc. (NYSE:NHI) Updates FY17 Earnings Guidance

National Health Investors, Inc. (NYSE:NHI) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.22-5.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.18.

National Health Investors, Inc. (NHI) traded down 0.62% during mid-day trading on Friday, hitting $78.63. The stock had a trading volume of 180,659 shares. National Health Investors, Inc. has a 52 week low of $66.31 and a 52 week high of $82.53. The firm has a market cap of $3.22 billion, a PE ratio of 20.19 and a beta of 0.56. The company’s 50 day moving average price is $77.28 and its 200 day moving average price is $75.17.

National Health Investors (NYSE:NHI) last posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $1.29 by $0.36. National Health Investors had a net margin of 59.24% and a return on equity of 12.56%. The business had revenue of $69.84 million for the quarter, compared to analyst estimates of $67.68 million. During the same quarter last year, the business earned $1.22 earnings per share. National Health Investors’s revenue was up 14.1% on a year-over-year basis. Analysts anticipate that National Health Investors, Inc. will post $3.88 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Thursday, September 28th. National Health Investors’s dividend payout ratio is currently 97.69%.

NHI has been the topic of several recent research reports. BidaskClub upgraded National Health Investors from a sell rating to a hold rating in a report on Thursday. Zacks Investment Research raised shares of National Health Investors from a sell rating to a hold rating in a research report on Wednesday, August 9th. Mizuho reaffirmed a neutral rating on shares of National Health Investors in a research report on Wednesday, June 28th. Stifel Nicolaus boosted their target price on National Health Investors from $80.00 to $82.00 and gave the company a buy rating in a research report on Wednesday, June 21st. Finally, ValuEngine lowered National Health Investors from a buy rating to a hold rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $79.60.

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National Health Investors Company Profile

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.

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