Earnings wrap: NHI, Kirkland's

REIT raises outlook, retailer sees Q1 at high end of range

National Health Investors has reported first-quarter normalized funds from operations of $23.6 million, up 10 percent from last year. Per diluted share, the 85 cents of FFO beat analysts' expectations by four cents.

President and CEO Justin Hutchens and his team also hiked their outlook for the rest of 2013. Normalized FFO per share is now expected to come in between $3.42 and $3.50, up from $3.30 to $3.38.

NHI shares (Ticker: NHI) rose 2.2 percent Monday to close at $68.58. Year to date, they're up 21 percent.

 
Home goods retailer Kirkland’s gave investors a preview of its fiscal first-quarter results ahead of a conference presentation by its top executives Tuesday.

Officials said they expect the company to report sales and profits at the high end of its guidance range. The company had said it expected sales to come in around $100 million and same-store number to fall between 5 percent and 3 percent. Profits per diluted share had been forecast at between 2 cents and 5 cents.

Shares of Kirkland's (Ticker: KIRK) closed up almost 3 percent at $12.82 and have risen 21 percent so far this year.