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    National Health Investors Inc (NHI)

    Official site

    REAL ESTATE • REIT - HEALTHCARE FACILITIES • NYSE

    $67.06
    +0.10 (+0.15%)

    Market Cap: $3.29B

    Last updated: Oct 23, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    49%(19/39)
    Avg Surprise
    -4.76%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.51
    Range$0.68 - $1.93
    3 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$1.96-23.0%
    60d ago$1.54-1.7%
    30d ago$1.32+14.2%
    7d ago$1.510.0%
    Current$1.51
    Revenue Consensus
    $112M
    Range$108M - $116M
    5 analysts
    Period ending Dec 31, 2026
    EPS Consensus$-2.88
    Range$-3.56 - $-2.26
    4 analysts
    Revenue Consensus
    $130M
    Range$120M - $146M
    5 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$-2.88---
    Sep 26EST
    		-$1.51---
    Jun 26
    Reported Aug 10
    		$1.19$1.26-5.56%Miss+50.6%
    Mar 26
    Reported May 4
    		$0.77$0.86-10.47%Miss+2.7%
    Dec 25
    Reported Feb 26
    		$1.22$1.23-0.81%Miss+50.0%
    Sep 25
    Reported Nov 6
    		$0.69$0.60+15.00%Beat+6.2%
    Jun 25
    Reported Aug 6
    		$0.79$0.75+5.33%Beat-1.3%
    Mar 25
    Reported May 5
    		$0.75$0.71+5.63%Beat+5.6%
    Dec 24
    Reported Feb 25
    		$0.81$0.75+8.24%Beat+9.9%
    Sep 24
    Reported Nov 5
    		$0.65$0.70-7.14%Miss-4.4%
    Jun 24
    Reported Aug 6
    		$0.80$0.71+12.68%Beat-13.0%
    Mar 24
    Reported May 6
    		$0.71$0.69+2.90%Beat-10.1%
    Dec 23
    Reported Feb 20
    		$0.74$0.68+8.82%Beat+1380.0%
    Sep 23
    Reported Nov 7
    		$0.68$0.72-5.56%Miss-12.8%
    Jun 23
    Reported Aug 8
    		$0.92$0.69+33.33%Beat+95.7%
    Mar 23
    Reported May 9
    		$0.79$0.65+21.54%Beat+19.7%
    Dec 22
    Reported Feb 21
    		$0.05N/A-92.75%Miss-64.3%
    Sep 22
    Reported Nov 8
    		$0.78$0.72+8.33%Beat+8.3%
    Jun 22
    Reported Aug 8
    		$0.47$0.80-41.25%Miss-33.8%
    Mar 22
    Reported May 9
    		$0.66$0.74-10.81%Miss-16.5%
    Dec 21
    Reported Feb 22
    		$0.14N/A-84.95%Miss-83.1%
    Sep 21
    Reported Nov 8
    		$0.72$0.75-4.00%Miss-25.8%
    Jun 21
    Reported Aug 9
    		$0.71$0.90-21.11%Miss-29.7%
    Mar 21
    Reported May 10
    		$0.79$0.86-8.14%Miss-13.2%
    Dec 20
    Reported Feb 22
    		$0.83$1.01-17.82%Miss-12.6%
    Sep 20
    Reported Nov 9
    		$0.97$0.97+0.00%Beat+0.0%
    Jun 20
    Reported Aug 10
    		$1.01$1.04-2.88%Miss+9.8%
    Mar 20
    Reported May 11
    		$0.91$0.96-5.21%Miss+9.6%
    Dec 19
    Reported Feb 19
    		$0.95$0.95+0.00%Beat+9.2%
    Sep 19
    Reported Nov 7
    		$0.97$0.95+2.11%Beat+0.0%
    Jun 19
    Reported Aug 8
    		$0.92$0.93-1.08%Miss+1.1%
    Mar 19
    Reported May 7
    		$0.83$0.88-5.68%Miss-11.7%
    Dec 18
    Reported Feb 19
    		$0.87$0.96-9.38%Miss-7.4%
    Sep 18
    Reported Nov 6
    		$0.97$0.96+1.04%Beat+3.2%
    Jun 18
    Reported Aug 7
    		$0.91$0.96-5.21%Miss-2.2%
    Mar 18
    Reported May 8
    		$0.94$0.92+2.17%Beat+10.6%
    Dec 17
    Reported Feb 16
    		$0.94$0.92+2.17%Beat-8.7%
    Sep 17
    Reported Nov 8
    		$0.94$0.91+3.30%Beat-
    Jun 17
    Reported Aug 9
    		$0.93$0.88+5.68%Beat-
    Mar 17
    Reported May 9
    		$0.85$0.86-1.16%Miss-
    Dec 16
    Reported Feb 17
    		$1.03$0.88+17.05%Beat-

    Dividends

    Dividend Metrics

    Forward Yield5.61%
    Forward Annual Dividend$3.76
    Payout Ratio72.07%
    FrequencyQuarterly
    Pay MonthsJan, May, Aug, Oct, Nov

    Growth

    3Y CAGR+0.37%
    5Y CAGR-3.77%
    NHI dividend history and ex-dividend datesRun NHI in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio17.33EV/EBITDA13.54x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin38.30%Operating Margin41.10%
    ROE10.70%ROIC6.61%
    Financial Health
    Debt/Equity0.81xInterest Coverage3.39x
    Current Ratio0.32xQuick Ratio0.32x
    Trading Statistics
    Beta0.52Avg Volume319.19K
    52-Week High$88.0352-Week Low$63.51

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$65.85
    SMA 20$65.53
    SMA 50$68.14
    SMA 200$75.43
    EMA 10$65.98
    EMA 20$66.09
    EMA 50$67.92
    EMA 200$72.80

    MACD

    Line: -0.46Signal: -0.86Hist: 0.39

    ADX

    ADX: 24.8+DI: 17.7-DI: 14.9

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down56.0
    PSAR$64.83

    Bollinger Bands

    Upper Band$67.06
    Lower Band$63.99
    %B Position470%(Upper)
    Band Width1.00

    RSI (14-Day)

    Neutral
    53.0

    Momentum Oscillators

    Stoch %K70.9
    Stoch %D63.4
    Williams %R-19.8
    ROC (10d)3.4%
    Momentum2.21
    CCI (20d)174.5
    MFI (14d)44.7

    Volatility Measures

    ATR (14d)$1.57(2.3%)
    StdDev (20d)0.77
    Hist Vol22.9%(Moderate)

    Volume Flow

    VWAP$67.14
    OBV7.7M
    AD Line-233.7M
    CMF (20d)-0.386

    Volume Metrics

    Avg Vol (20d)321.1K
    Vol Ratio0.9x
    VWMA (20d)$65.47

    Pivot Points

    R3$69.89
    R2$68.52
    R1$67.74
    Pivot Point$66.37
    S1$65.59
    S2$64.22
    S3$63.44

    Advanced Oscillators

    TSI-10.52
    Ultimate Osc42.7
    KST-35.16

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$121.32M$115.13M$105.71M$89.85M$90.66M$89.30M$84.24M$82.94M$86.49M$81.51M$79.47M$80.11M
    Cost of Revenue$0$0$70.75M$0$0$0$2.84M$0$0$0$2.77M$0
    Gross Profit$121.32M$115.13M$105.71M$89.85M$90.66M$89.30M$84.24M$82.94M$86.49M$81.51M$79.47M$80.11M
    Operating Expenses$71.53M$62.98M$26.75M$57.55M$55.61M$41.67M$9.26M$54.70M$51.77M$36.24M$20.64M$36.93M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$8.82M$7.85M$7.60M$6.31M$6.13M$6.83M$5.41M$4.81M$4.87M$5.64M$4.92M$4.43M
    Operating Income$49.79M$52.15M$78.97M$32.29M$35.05M$47.63M$74.97M$28.24M$34.72M$45.27M$58.82M$43.18M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$15.81M$15.04M$42.80M$0$0$14.34M$32.20M$0$0$14.87M$27.66M$15.09M
    Income Before Tax$56.09M$39.75M$36.16M$32.41M$35.16M$33.40M$42.78M$28.24M$34.72M$30.50M$31.16M$29.03M
    Income Tax Expense$732,000$0$0$0$0$0$0$0$0$0$0$0
    Net Income$55.36M$39.75M$37.80M$32.48M$36.69M$33.82M$42.79M$28.24M$34.95M$30.66M$31.72M$29.03M
    EBITDA$97.59M$80.00M$99.77M$54.39M$55.40M$68.50M$93.54M$48.03M$54.79M$64.94M$77.04M$63.58M
    EBIT$71.84M$54.79M$78.97M$32.41M$35.16M$47.74M$74.97M$28.24M$34.72M$45.37M$60.04M$44.12M
    * Some calculated fields are derived from available data when not provided by source

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    NHI Valuation and Fair Value

    P/E
    17.3x
    Forward P/E
    18.1x
    EV/EBITDA
    13.5x
    PEG
    4.8x
    P/B
    2.1x
    See GNG's fair value

    NHI Profitability: Margins, ROIC and FCF

    Gross margin
    100.0%
    Operating margin
    41.1%
    Net margin
    38.3%
    ROIC
    6.6%
    ROE
    10.7%

    NHI Competitors

    CompanyTicker
    Veris Residential IncVRE
    PotlatchDeltic CorpPCH
    Corporación Inmobiliaria Vesta, S.A.B de C.V.VTMX
    Medical Properties Trust, Inc.MPW
    Park Hotels & Resorts IncPK
    IHS Holding LtdIHS
    Highwoods Properties IncHIW
    Diamondrock Hospitality CompanyDRH

    Sector: Real Estate

    NHI Analyst Ratings

    Consensus
    Buy
    Analysts
    8
    Strong Buy
    0
    Buy
    5
    Hold
    3
    Sell
    0
    Strong Sell
    0

    NHI Bull Case vs Bear Case

    Bull case

    • NHI has a 38.3% net profit margin.
    • NHI grew quarterly revenue 33.8% year over year.
    • 62.5% of NHI's analyst ratings are Buy or Strong Buy.

    NHI Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    1.3%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.51
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    NHI Dividend

    Forward yield
    5.6%
    Payout ratio
    72.1%
    3Y DPS growth
    0.4%
    5Y DPS growth
    -3.8%
    Pay months
    Jan, May, Aug, Oct, Nov
    NHI dividend history

    Frequently Asked Questions About NHI

    What is NHI's current dividend yield?

    National Health Investors Inc (NHI) has a forward dividend yield of 5.61%.

    Does NHI pay dividends?

    Yes, National Health Investors Inc pays dividends with a forward dividend yield of 5.61%.

    What is NHI's P/E ratio?

    National Health Investors Inc has a price-to-earnings (P/E) ratio of 17.33.

    What is NHI's market cap?

    National Health Investors Inc (NHI) has a market capitalization of $3.29B with a current stock price of $67.06.

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