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National Health Investors (NHI) Stock Price & Analysis

NHI Stock Chart & Stats

$67.04$0.09(0.13%)
At close: 4:00 PM EDT
$65$70$753 Aug17 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
$66.90 - $67.80
52-Week Range
$63.51 - $91.38
Previous Close
$66.95
Volume
84.05K
Average Volume (3M)
315.47K
Market Cap
$3.29B
Enterprise Value
$4.96B
Total Cash (Recent Filing)
$30.39M
Total Debt (Recent Filing)
$1.28B
Price to Earnings (P/E)
19.3
Beta
0.15
Next Earnings
Nov 09, 2026 (Est.)
EPS Estimate
1.18
Last Dividend Ex-Date
Sep 30, 2026
Dividend Yield
5.52%

Bulls Say, Bears Say

Bulls Say

Cash Generation

Consistent, high cash conversion and rising free cash flow (FCF ~$192M–$235M in recent years; TTM FCF up ~4%) underpin durable ability to fund dividends, reinvest in assets, and service financing. Strong OCF/FCF reduces reliance on equity issuance and supports long‑term capital allocation flexibility.

Balance Sheet & Liquidity

The $560M portfolio sale materially boosted liquidity and is expected to generate a large gain (~$541.6M), with $221M already deployed into 1031 replacements and ~$334M held for reinvestment. This strengthens near‑term cash reserves, lowers refinancing pressure, and creates optionality for accretive deployments or paydown.

SHOP Platform Scale & Diversification

Rapid SHOP expansion to ~$850M (≈24% of assets) plus a sizable pipeline (~$420M) and signed LOIs (~$127M) diversifies revenue toward higher‑yield private‑pay senior housing. Scale can deliver higher yields, portfolio diversification, and operational upside if management converts pipeline and stabilizes same‑store performance.

Bears Say

Debt Reporting Discontinuity

A large step‑change in reported debt undermines trend comparability and raises questions on accounting or balance‑sheet presentation after the NHC sale. Investors need clarity to assess sustainable leverage, covenant headroom and refinancing risk given historical debt‑to‑equity around 0.76–0.91.

SHOP Same‑store & Operational Headwinds

Operational disruptions (units offline, move‑outs, elevated deaths) have caused occupancy and same‑store NOI declines, which can erode cash rents and tenant coverage metrics. Recovery may take multiple quarters and could weigh on FFO stability and the timeline to realize SHOP underwriting returns.

Compressed Acquisition Yields

A tighter acquisition market with yields compressed materially reduces underwriting margins for new SHOP and portfolio deals, making it harder to deploy capital accretively. Persistent compression pressures long‑term NOI growth potential and requires stronger operational execution to preserve returns.

National Health Investors News

NHI FAQ

What was National Health Investors’s price range in the past 12 months?
National Health Investors lowest stock price was $63.51 and its highest was $91.38 in the past 12 months.
What is National Health Investors’s market cap?
National Health Investors’s market cap is $3.29B.
When is National Health Investors’s upcoming earnings report date?
National Health Investors’s next earnings report is estimated for Nov 09, 2026 (not yet confirmed), which is in 7 days.
How were National Health Investors’s earnings last quarter?
National Health Investors released its earnings results on Aug 10, 2026. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.843 by $0.307.
Is National Health Investors overvalued?
According to Wall Street analysts National Health Investors’s price is currently Undervalued.
Does National Health Investors pay dividends?
National Health Investors pays a Quarterly dividend of $0.94 which represents an annual dividend yield of 5.52%. See more information on National Health Investors dividends here
What is National Health Investors’s EPS estimate?
National Health Investors’s EPS estimate is 1.18.
How many shares outstanding does National Health Investors have?
National Health Investors has 49,110,435 shares outstanding.
What happened to National Health Investors’s price movement after its last earnings report?
National Health Investors reported an EPS of $1.15 in its last earnings report, beating expectations of $0.843. Following the earnings report the stock price went down -5.665%.
Which hedge fund is a major shareholder of National Health Investors?
Hedge funds hold National Health Investors shares: the largest hedge-fund position in National Health Investors is 71,885,909 shares, and hedge funds increased their holdings by 3.9M shares last quarter.
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology