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National Health Investors

(NYSE) NHI

Current Price$79.74
Market Cap$3.84BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1991)+4,426%
5 Year+56%
1 Year+17%
1 Month+12%
National Health Investors last closing stock price
MetricPriceDate
Last closeUSD 79.142026-07-16
National Health Investors stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.94%USD 76.142026-07-09
1 month+11.83%USD 70.772026-06-16
3 month-6.49%USD 84.632026-04-17
Year to date+6.05%USD 74.622025-12-31
1 year+17.37%USD 67.432025-07-16
3 year+72.18%USD 45.962023-07-17
5 year+55.56%USD 50.872021-07-16
Since inception+4,426.42%USD 1.751991-10-09

National Health Investors Financials at a Glance

Market Cap

$3.84BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$402.91M

Net Income (TTM)

$148.11M

EPS (TTM)

$3.10

P/E Ratio

25.54

Dividend

$3.68

Beta (Volatility)

0.38 (Low)

Price

$79.74

Volume

414,796

Open

$79.94

Previous Close

$79.61

Daily Range

$78.89 - $80.77

52-Week Range

$67.94 - $91.38

Estimated Earnings Date

Aug 5, 2026

NHI News

dividends blackboard sketch doodle

3 Stocks to Buy With Dividends Yielding More than 6%

David Jagielski, CPADec 27, 2020
Cash falling from the sky overtop of a person

Like Dividends? I Bet You'll Love These 3 Stocks

David Jagielski, CPAFeb 29, 2020
Healthcare costs GETTY

Better Buy: Welltower Inc. vs. National Health Investors Inc.

Matt Frankel, CFP®Aug 30, 2017
Dividend Income Business man with giant magnent attracting money

3 High-Yield Dividend Stocks Wealthy Investors Should Consider Buying

Brian FeroldiFeb 17, 2017
Welltower facility by Welltower

Better Buy: Welltower Inc. vs. National Health Investors Inc.

Eric VolkmanMar 18, 2016

National Health Keeps Dividend Steady

Rich DupreySep 16, 2013

National Health Investors Raises Dividend, 2013 Guidance

Eric VolkmanApr 26, 2013

National Health Investors Buys Texas Assets

Eric VolkmanApr 18, 2013
Page 1

NHI: Motley Fool Moneyball Superscore

59

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About National Health Investors

NHI helps seniors find specialized housing and medical care. The company owns and funds properties like assisted living centers and nursing homes. This ensures health care providers have the facilities needed to serve aging populations.

Homes, Hospitals, and Loans

  • Real Estate Investments: Ownership of 175 healthcare properties across 32 states leased to third-party operators; primarily consists of senior housing and skilled nursing facilities.
  • Senior Housing Operating Portfolio: Direct investment in both property and daily operations for 35 senior housing communities; accounts for 32.2% of total revenue in Q1 2026.
  • Mortgage and Financing: Provision of loans for construction, renovations, and property acquisitions; totaled $221.3 million in principal as of March 31, 2026.

Recent Strategy and Expansion

  • Acquired a nine-property assisted living portfolio in Q1 2026 for $105.5 million, with operations managed by Allegro Living Management.
  • Executed a $560 million agreement in April 2026 to sell its entire property portfolio leased to National HealthCare Corporation.
  • Purchased seven senior housing properties in Colorado for $106.9 million in May 2026, managed by Generations, LLC.
  • Sold a Washington property in May 2026 for $39 million, generating a gain of approximately $20.1 million.

Expertise in a Specific Niche

NHI operates a specialized portfolio across 32 states with a lean team of 30 full-time employees. The company uses triple-net leases, meaning tenants pay for property taxes, insurance, and maintenance costs directly.

Measuring the Growth

  • Total revenue reached $115.1 million in Q1 2026, up from $89.3 million in Q1 2025.
  • Net income attributable to stockholders was $40.1 million in Q1 2026, up 17.4% from the previous year.
  • Operating cash flow hit $53.4 million in Q1 2026, up 14.0% year-over-year.
  • Market capitalization grew to $3.9 billion in Q1 2026, up 15.7% from Q1 2025.

Bottom Line

NHI has shifted from being a traditional property owner to taking a direct stake in senior housing operations. This evolution allows the company to benefit more directly from the rising demand for elderly care services.

AI Generated • May 22, 2026

Industry

Health Care REITs

Sector

Real Estate

Employees

32

CEO

D. Eric Mendelsohn

Website

www.nhireit.com

Headquarters

Murfreesboro, TN 37129, US

NHI Financials

Key Financial Metrics (TTM)

Gross Margin

61.26%

Operating Margin

48.49%

Net Income Margin

36.76%

Return on Equity

9.88%

Return on Capital

7.26%

Return on Assets

5.13%

Earnings Yield

3.92%

Dividend Yield

4.65%

Payout Ratio

1.17%

Stock Overview

Market Cap

$3.84BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

48.47M

Volume

414.80K

Avg. Volume

632.82K

Financials (TTM)

Gross Profit

$246.83M

Operating Income

$195.39M

EBITDA

$289.22M

Operating Cash Flow

$246.77M

Capital Expenditure

-$20.68M

Free Cash Flow

$226.10M

Cash & ST Invst.

$24.95M

Total Debt

$1.27B

National Health Investors Performance Analysis

National Health Investors annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 285,749,000-2.3%
20232023-12-31USD 322,356,00012.8%
20242024-12-31USD 338,074,0004.9%
20252025-12-31USD 378,529,00012.0%
National Health Investors sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-301.5%
Q32025-09-30-0.9%
Q42025-12-3118.6%
Q12026-03-318.7%
National Health Investors annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.48-39.4%
20232023-12-31USD 3.13110.8%
20242024-12-31USD 3.130.0%
20252025-12-31USD 3.02-3.5%
National Health Investors sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-306.8%
Q32025-09-30-12.7%
Q42025-12-3115.9%
Q12026-03-312.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$115.86M

+29.7%

Gross Profit

$36.05M

-58.3%

Gross Margin

31.12%

N/A

Market Cap

$3.84BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$119.88M

N/A

Employees

32

N/A

Net Income

$40.10M

+17.4%

EBITDA

$79.21M

+19.4%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$24.95M

-81.5%

Total Debt

$1.27B

+0.5%

Accounts Receivable

$299.86M

-17.2%

Inventory

$0.00

N/A

Long Term Debt

$960.67M

+17.8%

Short Term Debt

$309.00M

-30.9%

Return on Assets

5.13%

N/A

Return on Invested Capital

7.84%

N/A

Free Cash Flow

$50.55M

+13.1%

Operating Cash Flow

$53.44M

+14.0%

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Questions About NHI

What is the current price of National Health Investors?

National Health Investors is trading at $79.61 per share.

What is the 52-week range for National Health Investors?

Over the past 52 weeks, National Health Investors has traded between $67.94 and $91.38.

How much debt does National Health Investors have?

As of the most recent reporting period, National Health Investors reported total debt of $1.27B.

How much cash does National Health Investors have on hand?

National Health Investors reported $24.95M in cash and cash equivalents in its most recent financial results.

What is National Health Investors’s dividend yield?

National Health Investors currently has a dividend yield of 4.65%.

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