MURFREESBORO, TN - National Health Investors, Inc. (NYSE:NHI), a real estate investment trust (REIT) specializing in senior housing and medical investments, declared today that its second quarter dividend will be $0.90 per common share. The dividend is payable on August 2, 2024, to shareholders of record as of June 28, 2024.
National Health Investors, founded in 1991, has a diverse portfolio that includes independent living, assisted living, memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals. The company focuses on sale-leaseback transactions, joint ventures, senior housing operating partnerships, and financing options like mortgage and mezzanine loans.
The announcement comes amid a broader context of risks and uncertainties that the company acknowledges, including the ongoing impact of COVID-19 on the economy and the company's operations. Other factors mentioned by the company include the potential for increased liability claims and insurance costs, the impact of governmental regulations and reimbursement rates, and environmental laws.
Additionally, National Health Investors highlighted potential risks related to its tenants and borrowers, such as bankruptcy or insolvency proceedings, and the concentration of a significant portion of its portfolio in a small number of tenants. The company also noted the importance of its ability to make successful property investments and to reinvest cash in a timely and acceptable manner.
The company's forward-looking statements are based on current expectations and projections about future events. However, actual results could differ materially due to various risk factors, including those related to the real estate market, interest rates, and the ability to maintain qualification as a REIT.
Investors are encouraged to review the company's periodic filings with the Securities and Exchange Commission for a more comprehensive understanding of the risks associated with National Health Investors' business. The information for this article is based on a press release statement.
InvestingPro Insights
National Health Investors Inc . (NYSE:NHI) has recently declared a second quarter dividend, reflecting its commitment to providing shareholder value. This declaration is supported by the company's long-standing history of dividend payments, with InvestingPro Tips highlighting that NHI has maintained dividend payments for 34 consecutive years. The real-time data from InvestingPro shows a dividend yield of 5.56%, which is quite attractive to income-focused investors.
The company's financial performance also appears robust, with a reported gross profit margin of 96.41% over the last twelve months as of Q1 2023. This high margin is indicative of the company's operational efficiency and ability to manage costs effectively.
Moreover, National Health Investors has experienced significant price appreciation, with a 26.53% return over the last three months and a 30.27% return over the last six months, per InvestingPro Data. This uptick in price is also noted in the InvestingPro Tips, which mention that the stock is trading near its 52-week high, at 98.56% of this threshold.
For investors interested in the valuation metrics, NHI is trading at a P/E ratio of 20.53, which, according to InvestingPro Tips, is low relative to near-term earnings growth. This could suggest that the stock is reasonably valued in the context of its earnings potential. Furthermore, with analysts predicting profitability for the current year, the company's financial outlook remains positive.
To gain more insights and access additional InvestingPro Tips, investors can visit https://www.investing.com/pro/NHI. There are 7 more tips available, offering a comprehensive analysis of NHI's financial health and market performance. For those interested in a deeper dive, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription to InvestingPro.
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