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National Health Investors Inc

National Health Investors Inc

NHI · NYSE · Real Estate / REIT - Healthcare Facilities

62.95USD-1.60 (-2.48%)

Price History

Full chart

Market Stats

Previous Close64.55
Open63.65
Day Range62.70 – 63.90
52-Week Range66.53 – 89.29
Volume493.50K
Market Cap3.28B
P/E (TTM)19.32
Forward P/E18.15
EPS3.46
Dividend Yield5.62%
Beta0.55
50-Day Avg72.91
200-Day Avg77.76

About

National Health Investors, Inc. is a self-managed real estate investment trust (REIT). The Company owns, leases, operates and finances the development of high-quality real estate properties in the United States, focusing on senior housing communities and medical facilities. The Company operates through two reportable segments, Real Estate Investments and SHOP. The Company's real estate property investments include independent living facilities, assisted living facilities, entrance fee communities, senior living campuses, skilled nursing facilities and hospitals. National Health Investors, Inc. was established on October 15th, 1991, and was incorporated in 1991 in Maryland and is based in Murfreesboro, Tennessee.

Company Details

  • SectorReal Estate
  • IndustryREIT - Healthcare Facilities
  • CEOMr. D. Eric Mendelsohn
  • Employees32
  • Headquarters222 Robert Rose Drive, Murfreesboro, TN, United States, 37129-6346, USA
  • Websitehttps://www.nhireit.com

Leadership

  • Mr. D. Eric MendelsohnPresident, CEO & Director · b. 1962
  • Mr. Kevin Carlton PascoeExecutive VP of Investments & Chief Investment Officer · b. 1981
  • Mr. David Louis TravisSenior VP & Chief Accounting Officer · b. 1975
  • Ms. Kristin Sallee GainesSenior VP & Chief Transaction Officer · b. 1972
  • Mr. Todd M. SiefertChief Financial Officer
  • Mr. Christian K.S. MaingotEVP & Chief Operating Officer
  • Mr. Dana Rolfson HamblySenior Vice President of Finance & Investor Relations
  • Mr. Kimberly OuimetDirector of Corporate Compliance & Human Resources
  • Ms. Beth J. BlankenshipSenior Vice President of Legal Affairs & Corporate Secretary · b. 1970
  • Mr. Grant JohnstonSenior Vice President Asset Management

Financials

Income Statement

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue7.90M39.40M49.50M71.40M87.90M99.43M110.18M102.29M131.16M147.51M139.17M171.78M162.49M155.56M157.38M150.72M62.31M63.01M64.22M78.40M82.70M96.95M117.83M177.51M228.99M248.50M278.66M294.61M318.08M332.81M298.71M278.19M319.83M335.18M378.53M
Growth (%)-+398.73%+25.63%+44.24%+23.11%+13.12%+10.81%-7.16%+28.22%+12.47%-5.66%+23.43%-5.41%-4.27%+1.17%-4.23%-58.66%+1.11%+1.93%+22.07%+5.49%+17.23%+21.53%+50.65%+29.00%+8.52%+12.14%+5.72%+7.97%+4.63%-10.24%-6.87%+14.97%+4.80%+12.93%
Cost of Revenue---------84.09M118.05M128.93M104.73M99.58M116.95M92.23M13.21M13.72M14.49M2.00M12.81M771.00K616.00K620.00K985.00K1.01M960.00K1.17M5.80M9.65M11.64M9.79M11.51M11.16M239.60M
Gross Profit7.90M39.40M49.50M71.40M87.90M99.43M110.18M102.29M131.16M147.51M139.17M171.78M162.49M155.56M157.38M150.72M62.31M63.01M64.22M76.39M82.70M96.18M117.21M176.89M228.00M247.49M277.70M293.45M312.28M323.16M287.08M268.41M308.32M324.02M138.93M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%97.44%100.00%99.20%99.48%99.65%99.57%99.59%99.66%99.60%98.18%97.10%96.10%96.48%96.40%96.67%36.70%
Operating Expense-1.60M-7.10M-8.20M-10.50M-7.60M52.90M57.01M51.76M103.14M85.25M119.13M129.67M105.03M99.73M120.98M100.50M8.01M13.73M14.58M17.89M20.84M25.14M39.37M70.70M64.15M69.76M79.88M84.20M92.27M98.24M101.83M135.64M129.53M140.16M-55.90M
Operating Income9.50M46.50M57.70M81.90M95.50M46.53M53.17M50.53M28.02M62.26M20.04M42.11M57.46M55.83M36.40M50.23M54.30M49.27M49.64M58.50M61.86M71.04M77.84M106.19M163.86M177.73M197.81M209.24M220.01M224.92M185.25M132.77M178.79M183.86M194.83M
Operating Margin120.25%118.02%116.57%114.71%108.65%46.80%48.26%49.40%21.37%42.21%14.40%24.51%35.36%35.89%23.13%33.32%87.14%78.20%77.30%74.62%74.80%73.27%66.07%59.82%71.56%71.52%70.99%71.02%69.17%67.58%62.02%47.72%55.90%54.85%51.47%
EBITDA10.70M51.20M62.90M87.20M101.60M54.48M61.20M60.18M91.44M77.60M233.19M247.76M72.84M55.29M49.38M66.31M82.87M53.34M57.57M68.15M76.05M87.66M107.63M167.06M179.36M236.08M264.99M280.59M290.79M318.00M240.94M178.73M259.87M264.16M282.00M
EBITDA Margin135.44%129.95%127.07%122.13%115.59%54.79%55.55%58.83%69.72%52.61%167.55%144.23%44.83%35.54%31.38%44.00%132.99%84.66%89.65%86.93%91.96%90.42%91.34%94.11%78.33%95.00%95.09%95.24%91.42%95.55%80.66%64.25%81.25%78.81%74.50%
Net Income2.10M13.30M24.40M38.90M49.70M67.16M75.39M69.64M53.62M33.72M-63.00K30.79M43.81M56.38M54.41M69.23M96.44M57.51M64.23M69.42M81.13M90.73M106.18M101.61M148.86M151.54M159.37M154.33M160.46M185.13M111.80M66.40M135.65M137.99M142.18M
Net Income Margin26.58%33.76%49.29%54.48%56.54%67.55%68.42%68.08%40.88%22.86%-0.05%17.92%26.96%36.24%34.57%45.93%154.76%91.28%100.01%88.55%98.10%93.58%90.12%57.24%65.01%60.98%57.19%52.39%50.45%55.62%37.43%23.87%42.41%41.17%37.56%
R&D-------------------00-0000.650.580.520.50.570.380.230.42--
R&D as % of Total Revenue-------------------0.00%0.00%-0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense00000000000000004.63M308.00K85.00K1.55M3.85M3.49M9.23M23.30M37.63M43.11M46.32M49.05M56.30M52.88M48.11M42.44M55.51M56.12M57.37M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%7.42%0.49%0.13%1.98%4.65%3.60%7.83%13.13%16.43%17.35%16.62%16.65%17.70%15.89%16.11%15.26%17.36%16.74%15.16%

Balance Sheet

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets238.60M259.30M427.70M636.30M641.90M751.10M756.60M769.20M788.54M766.98M672.63M651.06M624.37M631.37M587.93M595.46M500.73M457.11M459.36M509.34M579.56M705.98M1.46B1.98B2.15B2.40B2.55B2.75B3.04B3.12B2.84B2.51B2.49B2.61B2.80B
Total Liabilities238.20M166.70M327.10M412.40M284.90M341.41M312.52M344.54M395.90M369.57M274.84M250.63M214.72M205.83M162.96M163.79M54.59M27.49M24.75M66.84M136.08M237.93M678.66M933.03M1.00B1.19B1.22B1.36B1.54B1.60B1.32B1.22B1.21B1.23B1.26B
Total Equity400.00K92.60M100.60M223.90M357.00M409.68M444.08M424.66M392.64M397.41M397.79M400.43M409.64M425.54M424.97M431.67M446.14M429.62M434.61M442.50M443.49M457.18M766.55M1.04B1.13B1.21B1.32B1.39B1.50B1.52B1.52B1.29B1.25B1.37B1.52B
Cash-----3.40M64.92M20.41M16.72M47.25M13.60M43.06M93.69M161.22M132.47M177.76M75.36M100.24M45.72M2.66M15.89M9.17M11.31M3.29M13.29M4.83M3.06M4.66M5.21M43.34M37.41M19.29M22.35M24.29M19.62M
Total Debt225.90M153.10M309.30M387.00M255.20M309.74M274.70M368.65M444.61M423.94M227.11M203.40M163.45M155.55M117.45M113.49M9.51M3.99M-37.77M97.30M203.25M639.86M884.37M947.53M1.14B1.17B1.30B1.44B1.96B1.32B1.56B1.14B1.15B1.16B
Net Debt225.90M153.10M309.30M387.00M255.20M306.34M209.78M348.25M427.89M376.69M213.50M160.33M69.76M-5.67M-15.02M-64.27M-65.84M-96.25M-45.72M35.10M81.41M194.08M628.54M881.09M934.25M1.13B1.16B1.29B1.44B1.47B1.21B1.13B1.11B1.12B1.14B

Cash Flow

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow4.50M20.60M32.90M48.60M55.20M76.71M89.94M84.93M73.43M63.61M59.76M66.09M68.03M57.09M59.01M57.80M66.53M67.13M69.21M77.54M76.85M86.27M104.19M126.14M164.43M177.22M197.32M207.87M240.96M232.15M210.86M185.34M184.45M208.17M240.23M
Investing Cash Flow-99.10M-29.50M-173.50M-213.60M-10.70M-115.92M49.18M-78.74M-53.37M29.18M41.86M23.23M64.72M65.74M333.00K47.17M21.43M52.17M-55.28M-92.03M-55.47M-99.81M-625.82M-540.32M-136.33M-329.84M-163.85M-250.29M-342.52M-89.71M185.28M197.94M-11.63M-191.55M-271.07M
Financing Cash Flow101.20M7.80M136.70M163.40M-42.40M40.48M-77.60M-50.70M-23.75M-62.27M-135.27M-59.86M-82.13M-55.31M-88.09M-59.68M-171.42M-94.42M-68.46M-28.57M-8.16M6.83M523.77M406.15M-18.10M144.16M-35.05M44.26M107.32M-111.76M-402.99M-401.25M-169.72M-14.74M23.96M
Capital Expenditure08.30M15.40M10.10M11.10M67.89M23.85M40.72M14.32M3.20M1.94M16.57M10.01M1.68M12.26M2.50M2.49M4.05M81.57M98.74M75.81M92.85M633.72M535.77M114.52M367.01M175.34M147.65M237.19M102.87M64.00K6.36M3.74M15.73M19.97M
Free Cash Flow4.50M12.30M17.50M38.50M44.10M8.82M66.09M44.20M59.12M60.41M57.82M49.52M58.02M55.41M46.75M55.31M64.04M63.09M-12.36M-21.19M1.05M86.27M-529.52M-409.63M49.91M-189.79M21.98M60.22M240.96M232.15M210.79M185.34M180.71M192.44M220.26M
Dividends Paid-16.90M26.50M38.10M44.10M64.48M73.58M75.76M73.76M51.06M1.88M41.10M43.00M48.65M53.26M52.55M67.44M85.52M64.55M66.52M67.89M78.92M85.14M100.65M124.66M138.30M153.04M165.39M179.74M194.58M182.90M161.77M156.24M156.51M169.70M
FCF to OCF100.00%59.71%53.19%79.22%79.89%11.50%73.48%52.05%80.50%94.97%96.75%74.93%85.29%97.06%79.22%95.68%96.26%93.97%-17.85%-27.33%1.36%100.00%-508.22%-324.73%30.35%-107.10%11.14%28.97%100.00%100.00%99.97%100.00%97.97%92.44%91.69%
Dividend Paid to FCF-137.40%151.43%98.96%100.00%731.03%111.33%171.38%124.78%84.52%3.25%83.01%74.11%87.79%113.93%95.01%105.31%135.56%-522.37%-313.88%6478.34%91.49%-16.08%-24.57%249.79%-72.87%696.21%274.63%74.59%83.82%86.77%87.28%86.46%81.33%77.04%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Dec 31, 1999Mar 31, 2000Jun 30, 2000Sep 30, 2000Dec 31, 2000Mar 31, 2001Jun 30, 2001Oct 24, 2001Feb 21, 2002Apr 16, 2002Jul 19, 2002Oct 21, 2002Jan 24, 2003Apr 24, 2003Jul 22, 2003Oct 21, 2003Jan 30, 2004May 6, 2004Aug 5, 2004Oct 29, 2004Feb 15, 2005May 2, 2005Aug 4, 2005Oct 27, 2005Mar 1, 2006May 4, 2006Aug 3, 2006Nov 2, 2006Mar 16, 2007May 11, 2007Aug 7, 2007Nov 7, 2007Feb 29, 2008May 7, 2008Aug 11, 2008Nov 11, 2008Feb 23, 2009May 1, 2009Aug 10, 2009Nov 2, 2009Feb 22, 2010May 10, 2010Aug 3, 2010Nov 4, 2010Feb 17, 2011May 5, 2011Aug 4, 2011Nov 7, 2011Feb 15, 2012May 10, 2012Aug 6, 2012Nov 5, 2012Feb 14, 2013May 6, 2013Aug 6, 2013Nov 4, 2013Feb 18, 2014May 5, 2014Aug 4, 2014Nov 3, 2014Feb 17, 2015May 7, 2015Aug 5, 2015Nov 5, 2015Feb 18, 2016May 6, 2016Aug 5, 2016Nov 7, 2016Feb 17, 2017May 9, 2017Aug 9, 2017Nov 8, 2017Feb 16, 2018May 8, 2018Aug 7, 2018Nov 6, 2018Feb 19, 2019May 7, 2019Aug 8, 2019Nov 7, 2019Feb 19, 2020May 11, 2020Aug 10, 2020Nov 9, 2020Feb 22, 2021May 10, 2021Aug 9, 2021Nov 8, 2021Feb 22, 2022May 9, 2022Aug 8, 2022Nov 8, 2022Feb 21, 2023May 9, 2023Aug 8, 2023Nov 7, 2023Feb 20, 2024May 6, 2024Aug 6, 2024Nov 5, 2024Feb 18, 2025May 5, 2025Aug 6, 2025Nov 6, 2025Feb 26, 2026May 4, 2026Aug 10, 2026Nov 5, 2026
EPS Estimate--------------0.34-0.34-0.38-0.400.320.35--0.43--------------------0.570.550.520.570.580.600.600.620.630.660.610.670.650.680.890.730.730.690.790.810.790.800.860.830.850.850.840.860.870.880.860.880.910.920.920.960.960.960.880.930.950.950.961.040.971.010.860.900.750.930.740.800.720.690.650.690.720.680.690.710.700.750.710.750.601.230.861.261.16
EPS Actual0.690.680.780.730.650.640.63-0.060.560.550.200.010.36-0.520.360.200.360.400.48-0.170.440.390.430.350.480.400.430.680.600.460.450.440.460.510.480.840.560.541.311.060.480.530.570.480.550.560.630.580.580.560.580.560.690.860.600.610.620.560.521.010.680.680.820.810.710.760.760.800.790.820.891.440.810.850.861.030.850.930.940.940.940.910.970.870.830.920.970.950.911.010.970.830.790.710.720.140.660.470.780.050.790.920.680.740.710.800.650.810.750.790.691.220.771.19-
Surprise--------------5.88%-5.88%-26.32%-10.00%21.88%22.86%---6.98%--------------------10.53%5.45%11.54%-1.75%0.00%-6.67%15.00%38.71%-4.76%-7.58%1.64%-16.42%-20.00%48.53%-23.60%-6.85%12.33%17.39%-10.13%-6.17%-3.80%0.00%-8.14%-1.20%4.71%69.41%-3.57%-1.16%-1.15%17.05%-1.16%5.68%3.30%2.17%2.17%-5.21%1.04%-9.38%-5.68%-1.08%2.11%0.00%-5.21%-2.88%0.00%-17.82%-8.14%-21.11%-4.00%-84.95%-10.81%-41.25%8.33%-92.75%21.54%33.33%-5.56%8.82%2.90%12.68%-7.14%8.24%5.63%5.33%15.00%-0.81%-10.47%-5.56%-
Timing--------------After-hours-After-hours-After-hours-After-hours-------------------------Pre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-market-Pre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.28B
Enterprise Value4.55B
Trailing P/E19.32
Forward P/E18.15
PEG Ratio4.76
Price / Sales7.53
Price / Book2.10
EPS3.46
Book Value31.99
Revenue (TTM)435.78M
Gross Profit (TTM)322.15M
EBITDA289.67M
Profit Margin38.28%
Operating Margin41.09%
Return on Equity10.72%
Return on Assets4.39%
Shares Outstanding49.11M
Shares Float47.94M
Beta0.55
Dividend Yield5.62%
Dividend Rate3.76
Payout Ratio95.61%

Analyst Ratings

Buy
Based on 8 analystsTarget 81.88
  • Strong Buy
    3
  • Buy
    1
  • Hold
    4

Ownership Breakdown

Institutions
79.61%
Insiders
2.39%
Retail / Other
18.00%

Top Institutional Holders

  • BlackRock Inc
    4.81M9.79%
  • Vanguard Portfolio Management, LLC
    4.14M8.43%
  • Vanguard Capital Management, LLC
    2.08M4.24%
  • Principal Financial Group Inc
    1.98M4.03%
  • State Street Corp
    1.97M4.02%
  • Geode Capital Management, LLC
    1.31M2.67%
  • Bank of America Corp
    992.80K2.02%
  • JPMorgan Chase & Co
    986.59K2.01%
  • Delaware Management Holdings Inc
    897.30K1.83%
  • Charles Schwab Investment Management Inc
    825.99K1.68%
  • Dimensional Fund Advisors, Inc.
    675.74K1.38%
  • NORGES BANK
    672.36K1.37%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    2.96M6.02%
  • Vanguard Real Estate Index Investor
    1.78M3.62%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.46M2.98%
  • iShares Russell 2000 ETF
    1.24M2.53%
  • Vanguard Small Cap Index
    1.06M2.16%
  • Principal Real Estate Securities R5
    840.09K1.71%
  • Vanguard MStar Small Cap Value Index
    672.86K1.37%
  • BNY Mellon Global Infras Inc ETF
    642.44K1.31%

Dividends

20263×
0.94Sep 30, 20260.92Jun 30, 20260.92Mar 31, 2026
20254×
0.92Dec 31, 20250.92Sep 30, 20250.90Jun 30, 20250.90Mar 31, 2025
20244×
0.90Dec 31, 20240.90Sep 27, 20240.90Jun 28, 20240.90Mar 27, 2024
20234×
0.90Dec 28, 20230.90Sep 28, 20230.90Jun 29, 20230.90Mar 30, 2023
20224×
0.90Dec 29, 20220.90Sep 29, 20220.90Jun 29, 20220.90Mar 30, 2022
20214×
0.90Dec 30, 20210.90Sep 29, 20210.90Jun 29, 20211.10Mar 30, 2021
20201×
1.10Dec 30, 2020