National Health Investors Inc (NHI) Releases FY17 Earnings Guidance

National Health Investors Inc (NYSE:NHI) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $5.06-5.12 for the period, compared to the Thomson Reuters consensus estimate of $5.15.

National Health Investors (NYSE:NHI) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.26 by $0.16. The business had revenue of $66.39 million for the quarter, compared to analyst estimates of $65.42 million. National Health Investors had a net margin of 68.03% and a return on equity of 14.12%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.95 per share. The ex-dividend date is Wednesday, June 28th. This represents a $3.80 annualized dividend and a dividend yield of 4.98%. National Health Investors’s dividend payout ratio is presently 84.11%.

A number of research firms recently commented on NHI. Cantor Fitzgerald reiterated a neutral rating and issued a $75.00 price target on shares of National Health Investors in a research note on Tuesday, February 21st. Zacks Investment Research upgraded National Health Investors from a hold rating to a buy rating and set a $81.00 price target for the company in a research note on Wednesday, May 10th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. National Health Investors presently has a consensus rating of Hold and an average target price of $79.25.

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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.

12 Month Chart for NYSE:NHI

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