Brokerages expect that National Health Investors Inc (NYSE:NHI) will announce earnings per share (EPS) of $1.40 for the current quarter, according to Zacks. Three analysts have made estimates for National Health Investors’ earnings, with the highest EPS estimate coming in at $1.41 and the lowest estimate coming in at $1.39. National Health Investors reported earnings of $1.36 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The business is scheduled to report its next quarterly earnings report on Friday, February 15th.
According to Zacks, analysts expect that National Health Investors will report full-year earnings of $5.51 per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.62 per share, with EPS estimates ranging from $5.50 to $5.74. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow National Health Investors.
National Health Investors (NYSE:NHI) last issued its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.97 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.42). The business had revenue of $74.92 million for the quarter, compared to analysts’ expectations of $73.72 million. National Health Investors had a return on equity of 11.56% and a net margin of 53.15%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS.
Several brokerages have recently commented on NHI. Zacks Investment Research downgraded shares of National Health Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Cantor Fitzgerald restated a “hold” rating and set a $80.00 price objective on shares of National Health Investors in a research report on Thursday, November 8th. Finally, Wells Fargo & Co restated a “hold” rating on shares of National Health Investors in a research report on Tuesday, August 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $75.22.
Shares of NHI stock traded up $0.30 on Friday, hitting $80.45. 398,862 shares of the stock traded hands, compared to its average volume of 185,536. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.77 and a beta of 0.34. National Health Investors has a 52 week low of $62.71 and a 52 week high of $81.60. The company has a debt-to-equity ratio of 0.89, a current ratio of 14.53 and a quick ratio of 14.53.
In other National Health Investors news, Director Robert A. Mccabe, Jr. sold 1,250 shares of National Health Investors stock in a transaction on Monday, November 26th. The shares were sold at an average price of $75.41, for a total value of $94,262.50. Following the sale, the director now directly owns 13,120 shares in the company, valued at approximately $989,379.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.19% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in National Health Investors by 35.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,926 shares of the real estate investment trust’s stock valued at $1,173,000 after acquiring an additional 4,144 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in National Health Investors by 7.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 42,521 shares of the real estate investment trust’s stock valued at $3,133,000 after acquiring an additional 2,987 shares during the last quarter. First Trust Advisors LP increased its holdings in National Health Investors by 26.2% in the 2nd quarter. First Trust Advisors LP now owns 82,106 shares of the real estate investment trust’s stock valued at $6,050,000 after acquiring an additional 17,059 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in National Health Investors by 9.1% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 386,197 shares of the real estate investment trust’s stock valued at $29,193,000 after acquiring an additional 32,200 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in National Health Investors by 15.5% in the 2nd quarter. Macquarie Group Ltd. now owns 13,400 shares of the real estate investment trust’s stock valued at $987,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors own 69.36% of the company’s stock.
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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