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NHI

National Health Investors, Inc.

NHI

NYSE·Real Estate·REIT - Healthcare Facilities·Mkt cap $3.7B

$77.10

+0.72%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$67.94 - $91.38

P/E

24.79

Fwd P/E

23.13

Beta

0.55

Div Yield

4.81%

Avg Vol

582.1K

Shares Out

48.5M

Mkt Cap

$3.7B

Price action

Price chart

Up 8.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Established relationships with quality healthcare operators and proven underwriting expertise
  • Diversified portfolio across senior housing types and medical facilities reducing concentration risk
  • REIT structure providing tax-efficient dividend income and capital appreciation potential
  • Experienced management team with deep healthcare real estate knowledge since 1991
  • Multiple financing strategies (sale-leaseback, joint ventures, mortgages) enabling flexible deal structures

Bear Case

1 risk

  • Low volatility (beta 0.5).

Growth

Revenue decline expected

Aging U.S. population with increasing demand for senior housing and healthcare services

Value

Undervalued - trading well below Healthcare REITs peers

Momentum

Weak

-8.0% over 3m

Quality

Excellent

Excellent business quality

Dividend

Solid

4.81% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 5, 2026

Q2 26 RECAP

MAY 4, 2026

Reported EPS of $0.83 vs $0.92 consensus (-10.0% surprise). Revenue of $73.2M vs $70.2M expected (+4.2%).

EPS miss
Rev beat +4.2%

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-10.0%

Next: Aug 5, 2026

Revenue trend · last 8Q

+8%

+10%

+7%

+8%

+24%

+30%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$85.0M

$82.9M

$85.8M

$89.3M

$90.7M

$89.8M

$106.5M

$115.9M

Margins · last 8Q

Gross

Operating

Profit

34.6%

Wall Street consensus

4 analysts · 50% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

50%

Hold

2

50%

Sell

0%

Median Price Target

Latest: Deutsche Bank · Jun 25, 2026

vs Industry

How NHI stacks vs REIT - Healthcare Facilities

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.