$70.80 Million in Sales Expected for National Health Investors, Inc. (NHI) This Quarter
Equities analysts expect National Health Investors, Inc. (NYSE:NHI) to report $70.80 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for National Health Investors’ earnings, with estimates ranging from $70.46 million to $71.13 million. National Health Investors posted sales of $62.86 million during the same quarter last year, which suggests a positive year over year growth rate of 12.6%. The firm is scheduled to report its next quarterly earnings report on Monday, November 6th.
According to Zacks, analysts expect that National Health Investors will report full-year sales of $70.80 million for the current fiscal year, with estimates ranging from $275.00 million to $280.42 million. For the next financial year, analysts expect that the business will post sales of $304.23 million per share, with estimates ranging from $299.87 million to $312.83 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover National Health Investors.
National Health Investors (NYSE:NHI) last announced its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.93 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $69.84 million during the quarter, compared to analyst estimates of $67.68 million. During the same quarter last year, the business earned $1.22 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis.
NHI has been the subject of several research reports. Zacks Investment Research lowered shares of National Health Investors from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. Mizuho restated a “hold” rating and set a $82.00 price objective on shares of National Health Investors in a research report on Wednesday, October 4th. SunTrust Banks, Inc. initiated coverage on shares of National Health Investors in a research report on Tuesday, October 10th. They set a “hold” rating and a $80.00 price objective for the company. BidaskClub upgraded shares of National Health Investors from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, KeyCorp restated a “hold” rating on shares of National Health Investors in a research report on Sunday, September 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $80.14.
In other National Health Investors news, insider Kevin Carlton Pascoe sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $79.80, for a total transaction of $159,600.00. Following the completion of the sale, the insider now directly owns 21,228 shares of the company’s stock, valued at $1,693,994.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.19% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Carroll Financial Associates Inc. purchased a new stake in National Health Investors during the second quarter valued at about $158,000. Yorktown Management & Research Co Inc purchased a new stake in National Health Investors during the second quarter valued at about $214,000. Allegis Investment Advisors LLC purchased a new stake in National Health Investors during the second quarter valued at about $216,000. Profund Advisors LLC lifted its stake in National Health Investors by 4.3% during the second quarter. Profund Advisors LLC now owns 3,126 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 130 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in National Health Investors by 2.0% during the second quarter. Teacher Retirement System of Texas now owns 3,192 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 62 shares in the last quarter. 69.56% of the stock is owned by institutional investors.
Shares of National Health Investors (NHI) traded down 1.0244% during mid-day trading on Tuesday, hitting $76.6665. 31,328 shares of the company traded hands. The firm has a 50-day moving average price of $78.40 and a 200 day moving average price of $77.11. National Health Investors has a 52-week low of $66.31 and a 52-week high of $81.21. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 19.6884 and a beta of 0.56.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, September 29th will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.80 annualized dividend and a dividend yield of 4.91%. National Health Investors’s dividend payout ratio (DPR) is 97.69%.
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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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