National Health Investors, Inc. (NHI)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
National Health Investors, Inc. (NHI) trades at $76.00 with AI Score 73/100 (Grade A). National Health Investors, Inc. (NHI) is a real estate investment trust (REIT) specializing in healthcare facilities. Market cap: $3.68B, Sector: Real estate.
Price live · AI analysis from May 6, 2026NHI stock analysis for 2026: Analysts have set a consensus price target of $85.63 for National Health Investors, Inc., suggesting 12.7% upside from the current price of $76.00. The AI MoonshotScore is 73/100, indicating a bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
NHI: 5/7 perspectives are bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →National Health Investors, Inc. (NHI) Real Estate Portfolio & Strategy
National Health Investors, Inc. (NHI) is a REIT focused on need-driven and discretionary senior housing and medical investments, including assisted living, skilled nursing, and medical office buildings. With a diversified portfolio and financing strategies, NHI caters to the growing demand for healthcare real estate.
What Is the Investment Thesis for NHI?
National Health Investors, Inc. presents a notable research candidate within the healthcare REIT sector. With a market capitalization of $3.68B and a dividend yield of 4.95%, NHI offers a blend of stability and income potential. The company's focus on senior housing and medical facilities aligns with long-term demographic trends, as the aging population drives demand for these services. NHI's diversified portfolio and financing strategies mitigate risk, while its experienced management team ensures operational efficiency. A key growth catalyst is the continued expansion of the senior population, which will drive occupancy rates and rental income. The company's ability to secure favorable financing terms and maintain a healthy profit margin of 36.8% further supports its investment appeal. However, investors should monitor interest rate fluctuations and regulatory changes, which could impact NHI's profitability and growth prospects.
Based on FMP financials and quantitative analysis
NHI Key Highlights
- Market capitalization of $3.68B, reflecting substantial investor confidence in NHI's market position.
- P/E ratio of 23.7, indicating a reasonable valuation relative to earnings.
- Profit margin of 36.8%, showcasing strong operational efficiency and profitability.
- Gross margin of 52.4%, highlighting NHI's ability to manage costs effectively.
- Dividend yield of 4.95%, providing a steady income stream for investors.
Who Are NHI's Competitors?
NHI is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| PSA Public Storage | $323.01 | -2.01% | $56.71B | 95 |
| SBRA Sabra Health Care REIT, Inc. | $19.86 | -1.51% | $5.01B | 78 |
| VNO Vornado Realty Trust (VNO) | $40.72 | +0.34% | 8B | 92 |
| EPR EPR Properties | $59.55 | +0.75% | $4.56B | 90 |
| CDP COPT Defense Properties | $37.57 | -0.27% | $4.26B | 79 |
| LTC LTC Properties, Inc. | $45.07 | -1.43% | 66 | |
| STRW Strawberry Fields REIT LLC | $13.68 | -0.65% | $183.68M | 60 |
| WELL Welltower Inc. | $232.48 | -1.52% | $164.11B | 58 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NHI's Key Strengths?
- Diversified portfolio of healthcare properties.
- Strong relationships with experienced operators.
- Flexible financing solutions.
- High dividend yield.
What Are NHI's Weaknesses?
- Exposure to regulatory changes in the healthcare industry.
- Dependence on operator performance.
- Sensitivity to interest rate fluctuations.
- Concentration in the senior housing sector.
What Could Drive NHI Stock Higher?
- Aging population driving increased demand for senior housing and medical facilities.
- Strategic acquisitions expanding NHI's portfolio and geographic reach.
- Potential interest rate cuts by the Federal Reserve, reducing borrowing costs.
- Development of new properties in underserved markets, increasing revenue potential.
What Are the Key Risks for NHI?
- Regulatory changes in the healthcare industry impacting reimbursement rates.
- Economic downturn leading to lower occupancy rates in senior housing facilities.
- Rising interest rates increasing borrowing costs and impacting profitability.
- Increased competition from other REITs in the healthcare sector.
What Are the Growth Opportunities for NHI?
- Expansion of Senior Housing Portfolio: The aging population is driving significant demand for senior housing, including independent living, assisted living, and memory care facilities. NHI can capitalize on this trend by strategically expanding its portfolio in high-growth markets. The senior housing market is projected to reach $120 billion by 2030, offering substantial growth potential for NHI. Timeline: Ongoing.
- Strategic Acquisitions: NHI can pursue strategic acquisitions of existing healthcare facilities and portfolios to expand its geographic footprint and diversify its asset base. This approach allows NHI to quickly increase its market share and leverage economies of scale. The healthcare real estate market sees approximately $20 billion in transactions annually. Timeline: Ongoing.
- Development of New Facilities: NHI can partner with experienced operators to develop new senior housing and medical facilities in underserved markets. This approach allows NHI to capitalize on unmet demand and generate higher returns. New development projects can yield returns of 8-10% upon stabilization. Timeline: 2027-2030.
- Diversification into Specialty Hospitals: NHI can diversify its portfolio by investing in specialty hospitals, such as rehabilitation centers and surgical hospitals. These facilities offer higher margins and are less sensitive to economic cycles. The specialty hospital market is projected to grow at a rate of 5% annually. Timeline: 2027-2030.
- Increased Mezzanine Financing: NHI can expand its mezzanine financing activities to provide capital to operators who are seeking to expand or improve their facilities. This approach allows NHI to generate higher yields while maintaining a lower risk profile. Mezzanine financing can yield returns of 10-12%. Timeline: Ongoing.
What Opportunities Does NHI Have?
- Expansion into new healthcare property types.
- Strategic acquisitions of existing facilities.
- Development of new properties in underserved markets.
- Increased mezzanine financing activities.
What Threats Does NHI Face?
- Increased competition from other REITs.
- Economic downturn impacting occupancy rates.
- Changes in government reimbursement policies.
- Rising interest rates increasing borrowing costs.
What Are NHI's Competitive Advantages?
- Established relationships with healthcare operators.
- Expertise in healthcare real estate financing.
- Diversified portfolio of properties.
- Access to capital markets for funding investments.
What Does NHI Do?
National Health Investors, Inc. (NHI), incorporated in 1991, operates as a real estate investment trust (REIT) specializing in the healthcare sector. The company's core business revolves around providing financing solutions to senior housing and medical facility operators through sale-leaseback transactions, joint ventures, mortgage loans, and mezzanine financing. NHI's portfolio encompasses a diverse range of properties, including independent living communities, assisted living facilities, memory care centers, entrance-fee retirement communities, skilled nursing facilities, medical office buildings, and specialty hospitals. NHI's strategy focuses on need-driven and discretionary senior housing and medical investments. This approach allows the company to capitalize on the increasing demand for senior care and healthcare services driven by an aging population. By partnering with experienced operators, NHI aims to generate stable and growing returns for its shareholders. The company's investments are spread across the United States, providing geographic diversification and mitigating regional risks. NHI's ability to offer flexible financing options and its deep understanding of the healthcare real estate market have positioned it as a key player in the industry.
What Products and Services Does NHI Offer?
- Invests in senior housing and medical properties.
- Provides sale-leaseback financing to healthcare operators.
- Offers joint-venture partnerships for property development.
- Extends mortgage and mezzanine financing options.
- Manages a diversified portfolio of healthcare real estate.
- Focuses on need-driven and discretionary senior housing and medical investments.
How Does NHI Make Money?
- Generates revenue through rental income from leased properties.
- Earns interest income from mortgage and mezzanine loans.
- Realizes gains from property sales and joint-venture exits.
- Focuses on long-term partnerships with healthcare operators.
What Industry Does NHI Operate In?
National Health Investors operates within the REIT - Healthcare Facilities industry, which is experiencing growth driven by the aging population and increasing demand for senior care services. The market is competitive, with players like Sabra Health Care REIT, Inc. (SBRA) and other REITs vying for market share. NHI differentiates itself through its focus on need-driven and discretionary senior housing and medical investments, as well as its flexible financing solutions. The industry is subject to regulatory changes and interest rate fluctuations, which can impact profitability and investment decisions.
Who Are NHI's Key Customers?
- Senior housing operators (assisted living, memory care).
- Skilled nursing facility operators.
- Medical office building tenants.
- Specialty hospital operators.
- Entrance-fee retirement communities.
ROE 10%Key Financial Metrics
Return on equity for National Health Investors, Inc. stands at 9.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 5.1%, showing how much profit it generates from its asset base. NHI trades at a trailing price-to-earnings ratio of 23.75, above the Real Estate sector average of ~20x. Its free cash flow yield is 6.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.83 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 3.9%, the inverse of the P/E and a quick read on earnings relative to price.
National Health Investors, Inc. (NHI) Valuation Context
Valued at $3.68B, NHI is classified as a mid-cap stock. Relative to its peer group, NHI's quantitative score of 73/100 is below the peer average of 87/100.
Company Profile
National Health Investors, Inc. operates in the REIT - Healthcare Facilities industry within the Real Estate sector. It is headquartered in Murfreesboro, US. The company is led by CEO D. Eric Mendelsohn. NHI has traded publicly since 1991.
F-Score 5/9Financial Health
National Health Investors, Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 3.35 places it in the safe zone, indicating low near-term bankruptcy risk.
FY2026 estForward Outlook
Wall Street analysts project National Health Investors, Inc. revenue of about $282.9M for fiscal 2026, with EPS near $3.52. The estimate reflects 3 contributing analysts.
Net buyingInsider Activity
Over the past six months, National Health Investors, Inc. insiders filed 27 SEC Form 4 transactions — 9 sales and 18 purchases. On net that is roughly 50K shares acquired (about $254K) — insiders putting money in tends to read as conviction.
NHI Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- NHI's focus on healthcare real estate, especially senior housing, positions them well given the aging population trends. It's like betting on demographics - a slow but steady tailwind.
- Recent insider buying activity, if substantial, could signal management's confidence in the company's future prospects. Think of it as them putting their money where their mouth is.
- Positive chatter in social trading communities suggests growing investor interest and belief in NHI's long-term value. It's the 'wisdom of the crowd' potentially identifying an undervalued asset.
- The market's current search for stable dividend yields could make NHI attractive to income-seeking investors. Similar to how bond proxies behaved in low-rate environments.
Bear Case
- Negative sentiment in social trading communities could indicate concerns about NHI's exposure to operational risks within its tenant base. It's like worrying about the health of the ecosystem supporting the main player.
- Increased regulatory scrutiny in the healthcare sector could create headwinds for NHI's tenants, impacting their ability to meet lease obligations. Think of it as new rules of the game impacting profitability.
- Bearish community views may reflect worries about rising interest rates impacting NHI's borrowing costs and overall profitability. Like a rising tide lifting all boats, a rising rate environment can sink some.
- Recent insider selling activity, if significant, might suggest concerns about the company's near-term performance or strategic direction. It's a potential red flag worth investigating further.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NHI Latest News
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National Healthcare Buys Nursing Facility Real Estate for $560 Million
MT Newswires · Jul 2, 2026
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National Health Investors to Join the S&P SmallCap 600 Index
MT Newswires · Jun 23, 2026
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National Health Investors To Replace Apollo Commercial Real Estate Finance In The S&P SmallCap 600 Effective Prior To The Opening Of Trading On Tuesday, June 30
benzinga · Jun 23, 2026
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BMO Capital Maintains Outperform on National Health Investors, Lowers Price Target to $80
benzinga · Jun 15, 2026
NHI Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NHI.
Price Targets
Consensus target: $85.63
NHI MoonshotScore
What does this score mean?
The MoonshotScore rates NHI's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
National Healthcare Buys Nursing Facility Real Estate for $560 Million
National Health Investors to Join the S&P SmallCap 600 Index
National Health Investors To Replace Apollo Commercial Real Estate Finance In The S&P SmallCap 600 Effective Prior To The Opening Of Trading On Tuesday, June 30
BMO Capital Maintains Outperform on National Health Investors, Lowers Price Target to $80
Leadership: D. Eric Mendelsohn
CEO
D. Eric Mendelsohn serves as the Chief Executive Officer of National Health Investors, Inc. His career spans several decades in the real estate and finance industries. He has extensive experience in acquisitions, development, and asset management. Mendelsohn's background includes holding leadership positions in various real estate investment firms. He brings a wealth of knowledge and strategic vision to NHI, guiding the company's growth and investment strategies. His expertise is instrumental in navigating the complexities of the healthcare real estate market.
Track Record: Under D. Eric Mendelsohn's leadership, National Health Investors, Inc. has expanded its portfolio and strengthened its position as a leading healthcare REIT. He has overseen key acquisitions and strategic partnerships that have contributed to the company's growth. Mendelsohn has also focused on enhancing operational efficiency and maintaining a strong balance sheet. His leadership has been instrumental in delivering consistent returns to shareholders and navigating the challenges of the healthcare industry.
What Investors Ask About National Health Investors, Inc. (NHI) — Real Estate
What does National Health Investors, Inc. do?
National Health Investors, Inc. (NHI) is a real estate investment trust (REIT) that specializes in financing and investing in healthcare properties, primarily senior housing and medical facilities. NHI partners with operators through sale-leaseback transactions, joint ventures, and mortgage lending. The company's portfolio includes independent living, assisted living, memory care, skilled nursing facilities, medical office buildings, and specialty hospitals. NHI generates revenue through rental income, interest income, and gains from property sales, focusing on long-term partnerships with healthcare operators to provide stable returns.
What do analysts say about NHI stock?
Analyst consensus on National Health Investors, Inc. (NHI) reflects a generally positive outlook, driven by the company's strong market position and consistent dividend yield. Key valuation metrics, such as the P/E ratio of 23.7, suggest a reasonable valuation relative to earnings. Growth considerations include the aging population and increasing demand for senior housing, which are expected to drive occupancy rates and rental income. However, analysts also note potential risks, such as regulatory changes and interest rate fluctuations, which could impact NHI's profitability. Investors should conduct their own due diligence and consider their individual risk tolerance before making any investment decisions.
What are the main risks for NHI?
National Health Investors, Inc. (NHI) faces several risks inherent to the healthcare REIT sector. Regulatory changes in healthcare reimbursement policies could significantly impact operator profitability and, consequently, NHI's rental income. Economic downturns could lead to lower occupancy rates in senior housing facilities, reducing revenue. Rising interest rates could increase borrowing costs, impacting NHI's profitability and investment decisions. Increased competition from other REITs could put pressure on rental rates and acquisition opportunities. Furthermore, NHI's dependence on operator performance exposes it to the risk of operator financial distress or mismanagement.
How does National Health Investors, Inc. compare to competitors in its industry?
National Health Investors, Inc. (NHI) competes with other healthcare REITs such as Sabra Health Care REIT, Inc. (SBRA). NHI differentiates itself through its focus on need-driven and discretionary senior housing and medical investments, as well as its flexible financing solutions. While SBRA also invests in similar property types, NHI's strategic emphasis on mezzanine financing and joint ventures provides a competitive edge. NHI's strong relationships with experienced operators and diversified portfolio further contribute to its competitive advantage. However, investors may want to evaluate the relative size and financial strength of each company when making investment decisions.
What are the key financial metrics investors watch for NHI?
Investors closely monitor several key financial metrics for National Health Investors, Inc. (NHI). Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO) are critical measures of REIT profitability, reflecting cash flow available for distribution to shareholders. The dividend yield, currently at 4.95%, is a key indicator of income potential. The payout ratio, which measures the percentage of FFO paid out as dividends, is also important for assessing dividend sustainability. Additionally, investors track occupancy rates, rental rates, and property expenses to evaluate the operational performance of NHI's portfolio. Monitoring debt levels and interest coverage ratios is crucial for assessing financial risk.
What are the key factors to evaluate for NHI?
National Health Investors, Inc. (NHI) holds an AI score of 73/100 (high). P/E: 23.7x vs the S&P 500's ~20-25x. Analysts target $85.63 (+13%). Not financial advice.
How frequently does NHI data refresh on this page?
NHI prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NHI's recent stock price performance?
National Health Investors, Inc. (NHI) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified portfolio of healthcare properties. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Investment decisions should be based on individual risk tolerance and due diligence.