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StockVS

NYSE · REIT - Healthcare Facilities · USD

National Health Investors, Inc. (NHI) Stock Analysis

National Health Investors, Inc. (NHI) is a REIT - Healthcare Facilities stock listed on NYSE and quoted in US Dollar.

NHI

$70.88

−$1.03 (−1.43%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NHI Key Statistics

As of Sep 4, 2026
Trading
Open
$71.86
Previous Close
$71.91
Day's Range
70.78–72.05
52-Week Range
67.94–91.38
Volume
193.90K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.55
Valuation
Market Cap
$3.48B
P/E Ratio
20.79
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
21.83
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
4.76
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
7.99
EPS (ttm)Profit attributable to each share over the last twelve months.
3.41
Financials (FY)
Revenue (FY)
$375.63M+12.07%
Net Income (FY)
$142.18M+3.04%
Profit marginThe share of revenue left as profit after all costs and taxes.
38.27%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
49.11M
1-Year Return
−3.81%
Dividend and dates
Dividend
$3.76+5.30%
Ex-Dividend Date
September 30, 2026
Earnings Date
November 5, 2026
Avg Volume
568.49K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

NHI Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−5.01%
2025+15.69%
2024+30.71%
2023+14.57%
2022−3.26%
2021−11.74%
2020−8.67%
2019+13.67%
2018+5.93%
2017+6.88%
2016 (partial year)−3.22%

As of September 4, 2026.

NHI Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$375.63M$142.18M37.9%
2024$335.18M$137.99M41.2%
2023$319.84M$135.65M42.4%
2022$278.19M$66.40M23.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$375.63M$364.65M$190.59M$142.18M37.9%
2024$335.18M$324.02M$188.50M$137.99M41.2%
2023$319.84M$308.32M$178.49M$135.65M42.4%
2022$278.19M$268.41M$132.77M$66.40M23.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NHI Dividend History

$3.64+1.1% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.842—
2025$3.644+1.1%
2024$3.604+0.0%
2023$3.604+0.0%
YearDividends per sharePaymentsChange
2026 (partial year)$1.842—
2025$3.644+1.1%
2024$3.604+0.0%
2023$3.604+0.0%
2022$3.604−5.3%
2021$3.804−13.8%
2020$4.414+5.0%
2019$4.204+5.0%
2018$4.004+5.3%
2017$3.804+111.1%
2016$1.802—

Most recent payment: $0.92 per share, ex-dividend June 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NHI Valuation vs REIT - Healthcare Facilities Median

Median of 21 stocks
MetricNHIREIT - Healthcare Facilities medianvs median
P/E20.7927.0323% below
P/S ratio7.995.7838% above
Profit margin38.27%7.58%30.7 pts above

Medians across 21 REIT - Healthcare Facilities stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 8 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

National Health Investors, Inc. (NHI) is capitalised at $3.48B on the latest close. The company sits in the Real Estate sector, in the REIT - Healthcare Facilities industry. The company reports 32 employees.

NHI last closed at $70.88 on September 4, 2026. That is −$1.03 (−1.43%) against the previous close. Over the past 52 weeks the price has ranged from $67.94 to $91.38. The latest close sits 4.33% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $375.63M. That is +12.07% against the prior fiscal year, when revenue was $335.18M. Net income for the same year was $142.18M. That is +3.04% against the prior fiscal year. Profit margin runs at 38.28%. That is 30.7 percentage points above the REIT - Healthcare Facilities median of 7.58%. Earnings per share on a trailing basis come to 3.41.

Across the 4 fiscal years on file, revenue moves from $278.19M in 2022 to $375.63M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 20.79. That is 23.09% below the REIT - Healthcare Facilities median of 27.03. On forward earnings the ratio is 21.83. The PEG ratio, which sets the P/E against expected earnings growth, reads 4.76. The price-to-sales ratio is 7.99. On price-to-sales that is 38.21% above the REIT - Healthcare Facilities median of 5.78. 21 REIT - Healthcare Facilities companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned −3.81%. Measured over 10 years, that is +4.51% a year compounded. The reported beta is 0.55. Daily returns over the trailing 10 years annualize to a volatility of 31.14%.

Growth & Income

The trailing dividend yield is 5.3%. The indicated annual rate is $3.76 a share. The ex-dividend date on file is September 30, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling $1.84 a share. The year before, 2025, totalled $3.64 a share.

The strongest complete calendar year on file is 2024 at +30.71%; the weakest is 2021 at −11.74%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the price is −5.01% year to date.

Peer Comparison

National Health Investors, Inc. (NHI) operates in the REIT - Healthcare Facilities industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
National Health Investors, Inc. NHI $3.48B 20.8
Welltower Inc. WELL $170.18B 108.8
Ventas, Inc. VTR $46.30B 164.1
Omega Healthcare Investors, Inc. OHI $14.81B 16.5

The REIT - Healthcare Facilities industry average P/E ratio is 27.0x. National Health Investors, Inc. trades at a P/E of 20.8.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About National Health Investors, Inc.

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.

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