Zacks: Analysts Anticipate National Health Investors Inc (NHI) Will Announce Quarterly Sales of $74.22 Million
Wall Street analysts expect that National Health Investors Inc (NYSE:NHI) will post $74.22 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for National Health Investors’ earnings. The highest sales estimate is $74.55 million and the lowest is $73.86 million. National Health Investors reported sales of $71.35 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. The company is expected to issue its next earnings results on Wednesday, November 14th.
On average, analysts expect that National Health Investors will report full year sales of $295.33 million for the current financial year, with estimates ranging from $294.20 million to $297.00 million. For the next year, analysts anticipate that the business will report sales of $313.02 million per share, with estimates ranging from $296.69 million to $322.41 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover National Health Investors.
National Health Investors (NYSE:NHI) last released its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). National Health Investors had a net margin of 53.16% and a return on equity of 11.49%. The company had revenue of $72.96 million during the quarter, compared to analyst estimates of $73.80 million.
Shares of NYSE:NHI traded up $0.38 during midday trading on Thursday, reaching $78.94. The company had a trading volume of 109,468 shares, compared to its average volume of 215,903. The company has a quick ratio of 15.56, a current ratio of 15.56 and a debt-to-equity ratio of 0.90. National Health Investors has a 1-year low of $62.71 and a 1-year high of $81.60. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 3.30 and a beta of 0.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, September 28th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Thursday, September 27th. National Health Investors’s dividend payout ratio is currently 75.05%.
A number of institutional investors have recently made changes to their positions in NHI. Principal Financial Group Inc. lifted its stake in National Health Investors by 7,076.6% in the 1st quarter. Principal Financial Group Inc. now owns 506,594 shares of the real estate investment trust’s stock worth $34,089,000 after acquiring an additional 499,535 shares in the last quarter. BlackRock Inc. lifted its stake in National Health Investors by 4.7% in the 2nd quarter. BlackRock Inc. now owns 4,026,546 shares of the real estate investment trust’s stock worth $296,676,000 after acquiring an additional 182,378 shares in the last quarter. Hamlin Capital Management LLC lifted its stake in National Health Investors by 39.8% in the 2nd quarter. Hamlin Capital Management LLC now owns 625,250 shares of the real estate investment trust’s stock worth $46,068,000 after acquiring an additional 178,110 shares in the last quarter. Bank of America Corp DE lifted its stake in National Health Investors by 34.4% in the 2nd quarter. Bank of America Corp DE now owns 478,340 shares of the real estate investment trust’s stock worth $35,245,000 after acquiring an additional 122,484 shares in the last quarter. Finally, LSV Asset Management lifted its stake in National Health Investors by 37.9% in the 2nd quarter. LSV Asset Management now owns 410,248 shares of the real estate investment trust’s stock worth $30,227,000 after acquiring an additional 112,648 shares in the last quarter. 70.67% of the stock is owned by hedge funds and other institutional investors.
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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