National Health Investors (NHI) Set to Announce Earnings on Tuesday

National Health Investors (NYSE:NHI - Get Free Report) will be releasing its earnings data after the market closes on Tuesday, November 5th. Analysts expect National Health Investors to post earnings of $1.12 per share for the quarter. National Health Investors has set its FY24 guidance at $4.52-4.56 EPS and its FY 2024 guidance at 4.520-4.560 EPS.Investors interested in participating in the company's conference call can do so using this link.

National Health Investors (NYSE:NHI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). The business had revenue of $84.97 million during the quarter, compared to analyst estimates of $64.95 million. National Health Investors had a return on equity of 10.11% and a net margin of 39.11%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.06 EPS. On average, analysts expect National Health Investors to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

National Health Investors Price Performance

NYSE NHI traded up $1.80 during trading on Tuesday, reaching $77.47. 207,448 shares of the company traded hands, compared to its average volume of 188,405. National Health Investors has a 1-year low of $48.97 and a 1-year high of $86.13. The company has a debt-to-equity ratio of 0.91, a quick ratio of 10.27 and a current ratio of 10.27. The stock's 50 day moving average price is $80.61 and its two-hundred day moving average price is $72.54. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 4.72 and a beta of 1.04.

National Health Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Friday, September 27th. National Health Investors's dividend payout ratio (DPR) is 122.45%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NHI shares. Bank of America assumed coverage on National Health Investors in a report on Tuesday, September 24th. They set a "buy" rating and a $92.00 price objective for the company. Wells Fargo & Company downgraded shares of National Health Investors from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $81.00 to $86.00 in a report on Tuesday, October 1st. Truist Financial boosted their price target on shares of National Health Investors from $65.00 to $78.00 and gave the company a "hold" rating in a research report on Friday, August 30th. Finally, StockNews.com lowered shares of National Health Investors from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.29.

About National Health Investors

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