NATIONAL HEALTH INVESTORS REIT INC (NHI)
Real Estate · healthcare REITs · NYSE
National Health Investors is a specialized healthcare REIT focused on long-term investments in senior housing and medical facilities.
What NATIONAL HEALTH INVESTORS REIT INC does
National Health Investors is a real estate investment trust (REIT) that specializes in the financing and ownership of healthcare-related properties. The company maintains a portfolio that includes independent living facilities, assisted living facilities, skilled nursing facilities, and medical office buildings, primarily utilizing sale-leaseback transactions and mortgage financing.
Themes: senior housing, healthcare real estate, REITs
Fundamentals
- Price$64.58 as of 2026-10-08 close
- Market cap$3.2B as of 2026-08-03 (share count; price 2026-10-08)
- 1-year return-13.9% 2025-10-08 close $75.04 → 2026-10-08 close $64.58
- P/E20.81 as of 2026-10-08
- Net margin+37.9% FY2025, SEC XBRL
- ROE+9.3% FY2025, SEC XBRL
- Debt / equity0.84 as of 2026-09-03
- Revenue growth (YoY)+17.1% as of 2026-09-03
- Revenue CAGR (3y)+10.5% SEC XBRL
- Beta0.13 as of 2026-09-03
- Last reported earnings2026-08-10 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +5.4%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
How NHI compares in its sector
- price-to-earnings ratiomiddle range 120 covered Real Estate peers, as of 2026-10-08
- net profit margintop 25% 154 covered Real Estate peers, as of 2026-09-03
- return on equitymiddle range 158 covered Real Estate peers, as of 2026-09-03
- 3-year revenue CAGRtop 25% 155 covered Real Estate peers
- indicated dividend yieldmiddle range 140 covered Real Estate peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 41 covered Real Estate peers, as of FY2025
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
NHI is not currently in any published Top 10 list. Its scores are below.
Top 10 score
42.6 #1097 of 1,379 scored · #57 of 87 in Real Estate
Valuation 73rd (price to earnings 20.8, price to book 2) and growth 67th (revenue growth year over year 17.1%, 3-year revenue CAGR 10.5%); weakest is trend (18th, a strong downtrend, with sellers in control).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, NHI's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 119%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout119% dividends / net income
- Free-cash-flow payoutnot assessable free cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How NATIONAL HEALTH INVESTORS REIT INC looks technically
NATIONAL HEALTH INVESTORS REIT INC (NHI) is trading 16.5% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 88 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 41, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 31, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 2 trading days ago. It is 1.7% above its 52-week low (its lowest price of the past year).
Trend
8
| Distance from the 200-day | it is trading 16.5% below its 200-day average, the long-term trend line — a long-term downtrend | -16.5% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $70.61 | $70.61 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $77.37 | $77.37 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 49 calendar days ago — the swings before that are what the structure reading is measured on | 49 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 74.732. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 88 trading days ago — a "death cross", a bearish long-term signal | 88 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 41, with sellers in control | 40.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 31, neither overbought (above 70) nor oversold (below 30) | 30.9 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($63.51 to $68.71) — its "stochastic" reading is 21 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 20.6 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 29 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $91.38 | $91.38 |
|---|---|---|
| From the 52-week high | it is 29.3% below its 52-week high (its highest price of the past year) | -29.3% |
| Above the 52-week low | it is 1.7% above its 52-week low (its lowest price of the past year) | +1.7% |
| Below the 52-week high | it is 29.3% below its highest point of the past year | 29.3% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $91.38 (set on 2026-02-17) | $91.38 |
| Given back of the 52-week move | over the past year its closes ranged ($63.96 to $91.02), and it has recovered only a small part of its fall from last year’s high — 2% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $80.68 to $81.55. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 2.3% |
| From the all-time high | it is 29.3% below its all-time high | -29.3% |
| Nearest price level | it is trading 0.9% below a resistance level at $65.18 — a price it turned at twice since 2025-01-10, most recently on 2025-02-12. Since 2024-10-08 it has 0 such levels below the current price and 10 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.9% |
| All-time low | its lowest closing price on record is $17.10 (set on 2008-11-21) | $17.10 |
| Above the all-time low | it is 277.7% above its all-time low | +277.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 50th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.30 between its high and its low — about 2.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.30 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $63.46 and $70.62 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $63.46 – $67.04 – $70.62 |
| Typical daily range (% of price) | its price moves about 2.0% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.0% |
| Stretch from the 200-day average | it is trading 9.8 daily ranges below its 200-day average price (16.5% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 9.8 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.05× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a bearish engulfing | 1 session ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 1 session ago |
|---|
Price gaps
1
| Gap at the open | it opened on 2026-10-08 0.2% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.2% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 10.6 percentage points (the stock lost 9.6% while the market gained 1.0%) | -10.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 19.6 percentage points (the stock lost 15.8% while the market gained 3.8%) | -19.6% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 39.7 percentage points (the stock lost 22.2% while the market gained 17.5%) | -39.6% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 28.9 percentage points (the stock lost 13.9% while the market gained 15.0%) | -28.9% |
Signal agreement
2
| Bullish technical signals | 0 of the 9 technical signals we can compute for it are currently in a bullish state — these describe past price behaviour, not a forecast | 0 of 9 |
|---|---|---|
| Bearish technical signals | 7 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 7 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 13% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 2.3% of the share price. | -12.6% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 15% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $76.12 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | -15.2% |
|---|---|---|
| Vs the average paid since it last reported | the price is 7% below the average price paid since it last reported on 2026-08-10 (its 10-Q), so the typical buyer over that stretch is under water. That average is $69.40 — a volume-weighted average of daily closes over 43 sessions, not a true tick-by-tick VWAP. | -7.0% |
Price levels it has turned at before
NHI last closed at $64.58 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 10 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $65.18 | Resistance | 0.9% above the last close | turned there twice · 2025-01-10 to 2025-02-12 |
| $66.58 | Resistance | 3.1% above the last close | turned there twice · 2025-01-29 to 2025-04-09 |
| $68.97 | Resistance | 6.8% above the last close | turned there 7 times · 2024-12-20 to 2026-08-11 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $74.73.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 30 trading days, since 2026-08-27.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Near the 52-week low · Pulled back from the 12-month high · Broke down to a new 20-day low · lagging the market · Stretched far below its 200-day average (6+ daily ranges) | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.75 mean, 1=Strong Buy…5=Strong Sell) — 8 analysts
- Mean price target$81.88 range $73.00 – $90.00; median $80.00
Analyst estimates, as of 2026-10-04. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for NHI
- Consensus EPS estimate$4.56 next reporting period, as of 2026-10-04
- Estimate change, 30 days-$0.00341 (-0.1%) from $4.57, on 2026-08-30, 35-day window
- Readings revised upward0% of 7 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Reliance on the operational performance and financial stability of tenant operators.","Sensitivity to changes in interest rates and capital market conditions.","Regulatory and reimbursement risks associated with the healthcare and senior housing industries."]
What changed in the latest 10-Q
AI-assisted comparison of NHI's 10-Q filed 2026-05-04 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Added risk factor: 'We may be unable to replace our managers if the management agreements are terminated or not renewed' (2026-05-04)
- Added risk factor: 'Our use of artificial intelligence could expose us to various risks' (2026-05-04)
- Added language specifying 'rental income' instead of 'rent' in tenant concentration risk factor (2026-05-04)
- Added language 'business, financial condition and results of operations' in first risk factor, changing from 'financial condition and results of operations' (2026-05-04)
- Removed:
- Removed risk factor: 'We are exposed to risks associated with our investment in Timber Ridge OpCo, LLC ("Timber Ridge Opco"), including our lack of sole decision-making authority, our reliance on the financial condition of other interests and related healthcare operations of the entity' (2025-11-06)
- Removed risk factor: 'Settlement provisions contained in any forward sales agreements we may have entered into could result in substantial dilution to our earnings per share or result in substantial cash payment obligations' (2025-11-06)
- Removed risk factor: 'In case of our bankruptcy or insolvency, any forward sales agreements in effect will automatically terminate, and we would not receive the expected proceeds from such forward sales of shares of our common stock' (2025-11-06)
- Removed language 'Risks related to our joint venture investments could adversely affect our financial condition and results of operations' was listed separately; now consolidated differently (2026-05-04 vs 2025-11-06)
- Reworded:
- Changed 'we have entered into' to 'we might receive from cash settlement of our forward equity sales agreements' in forward sales tax treatment risk (2026-05-04)
- Changed 'forward sales agreements' to 'forward equity sales agreements' (2026-05-04)
- Changed 'cost and availability of capital' to 'costs and availability of capital' in credit ratings risk (2026-05-04)
- Changed 'future capital needs' to 'future capital needs,' with comma addition (2026-05-04)
- Changed 'our business and its information' to 'our business and its information' - cybersecurity risk factor wording refined (2026-05-04)
- Changed 'We may be unable to replace our managers' insertion shifts risk ordering in newer filing (2026-05-04)
- Changed 'increased market prices' to 'increased market prices' - competition risk factor wording (2026-05-04)
- Notes:
- Text appears truncated at end of both filings; comparison limited to available content
- Line numbering differs (36 vs 42-43) between filings, suggesting different section lengths
- Some risk factors may have been reordered rather than added/removed; cannot definitively confirm without full document context
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-042 buys ($167027) · 0 sells — 2 buying insiders
Most recent open-market transaction: 2026-06-15. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about NHI's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 2 matched disclosures for NHI from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Short interest (FINRA)
NHI had 2,006,494 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
NHI had 4.09% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.96 days to cover at the same settlement.
- Reported short interest (shares) 2,006,494
- Short interest (% of shares outstanding) 4.09%
- Prior settlement (shares) 2,255,467
- Reported change -11.04%
- Days to cover (reported) 5.96
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Ventas (VTR)
- Welltower (WELL)
- Healthpeak Properties
- Omega Healthcare Investors (OHI)
- Sabra Health Care REIT (SBRA)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does NATIONAL HEALTH INVESTORS REIT INC (NHI) do?
National Health Investors is a real estate investment trust (REIT) that specializes in the financing and ownership of healthcare-related properties. The company maintains a portfolio that includes independent living facilities, assisted living facilities, skilled nursing facilities, and medical office buildings, primarily utilizing sale-leaseback transactions and mortgage financing.
What sector is NATIONAL HEALTH INVESTORS REIT INC (NHI) in?
NATIONAL HEALTH INVESTORS REIT INC (NHI) is classified in the Real Estate sector. Its industry is healthcare REITs. It trades on NYSE.
Does NHI pay a dividend?
Yes — NATIONAL HEALTH INVESTORS REIT INC (NHI) pays a dividend, with an indicated yield of about 5.43% and 2-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.
Who are NATIONAL HEALTH INVESTORS REIT INC's (NHI) competitors?
Notable peers of NATIONAL HEALTH INVESTORS REIT INC (NHI) include Ventas, Welltower, Healthpeak Properties, Omega Healthcare Investors and Sabra Health Care REIT. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in NHI?
Yes — we hold 2 matched STOCK Act disclosures for NHI from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is NATIONAL HEALTH INVESTORS REIT INC (NHI) overbought or oversold right now?
NATIONAL HEALTH INVESTORS REIT INC (NHI) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 31, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on NHI come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.