National Health Investors (NHI) Q3 FFO Miss Estimates

Core Viewpoint - National Health Investors (NHI) reported quarterly funds from operations (FFO) of $1.03 per share, missing the Zacks Consensus Estimate of$1.07 per share, representing a -3.74% surprise [1] - The company posted revenues of $82.94 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.78$1.08 per share, indicating a year-over-year decline [1] - Over the last four quarters, NHI has surpassed consensus FFO estimates three times [2] - The company has also topped consensus revenue estimates three times over the last four quarters [2] Stock Performance - NHI shares have increased approximately 35.9% since the beginning of the year, outperforming the S&P 500's gain of 19.8% [3] - The current consensus FFO estimate for the coming quarter is $1.13 on revenues of$85.08 million, and for the current fiscal year, it is $4.48 on revenues of$329.27 million [7] Industry Outlook - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 27% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions, which can impact NHI's stock performance [5]