National Health Investors, Inc. (NHI)Real Estate | REIT - Healthcare Facilities | Murfreesboro, United States | NYSE
72.03 USD
-0.53
(-0.730%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 72.03 |
Hot Take ↕ | Aug. 22, 2026, 3:43 a.m. EDT
National Health Investors presents a classic value trap scenario where attractive metrics mask deteriorating operational reality. While the dividend yield of 5.1% appears generous, the payout ratio of 106% confirms that the company is burning capital to maintain this income, making the yield unsustainable without further earnings contraction. Fundamentally, the business is struggling with negative earnings growth (-43%) and flat revenue, while the balance sheet carries significant debt relative to equity. The price history tells a cautionary tale: despite a massive 54% rebound in 2024, the asset has failed to sustain momentum, resulting in a net decline over the full nine-year window. This suggests the market views the 2024 recovery as a temporary relief rally rather than a structural turnaround. The recent price action shows volatility but lacks a clear upward trend, trading below key moving averages. Options activity reinforces a bearish bias among retail and speculative traders, with heavy hedging at lower strikes. While the statistical forecast model is too noisy to provide a directional signal, the confluence of a broken payout ratio, shrinking earnings, and a multi-year price trajectory that ends lower than it started warrants a neutral-to-negative stance. Investors seeking income here are likely to face cuts, while growth investors will find no engine to drive value creation. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.055163 |
| AutoARIMA | 0.055164 |
| MSTL | 0.055462 |
| AutoTheta | 0.081422 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 45% |
| H-stat | 19.46 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.266 |
| Excess Kurtosis | -1.00 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-09-29 |
| Last Dividend Date | 2026-06-29 |
| Debt to Equity Ratio | 97.569 |
| Revenue per Share | 9.086 |
| Market Cap | 3,537,424,384 |
| Trailing P/E | 20.94 |
| Forward P/E | 22.19 |
| Beta | 0.56 |
| Profit Margins | 38.27% |
| Website | https://www.nhireit.com |
As of Aug. 22, 2026, 3:43 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put open interest at strikes significantly below the current price (50 and 70), suggesting a fear of a deep decline or a 'crash' scenario. Conversely, call activity is concentrated near the money and slightly out-of-the-money (75-90 range), indicating a preference for modest upside participation rather than aggressive leverage. Implied volatility is elevated for near-term puts relative to calls, reflecting asymmetric risk pricing.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.21% | 4.71% | 5.24% | 5.76% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-30 | 0.920 | 1.206399 |
| 2026-03-31 | 0.920 | 1.137769 |
| 2025-12-31 | 0.920 | 1.204661 |
| 2025-09-30 | 0.920 | 1.157233 |
| 2025-06-30 | 0.900 | 1.283514 |
| 2025-03-31 | 0.900 | 1.218522 |
| 2024-12-31 | 0.900 | 1.298701 |
| 2024-09-27 | 0.900 | 1.084468 |
| 2024-06-28 | 0.900 | 1.328805 |
| 2024-03-27 | 0.900 | 1.455840 |
| 2023-12-28 | 0.900 | 1.587302 |
| 2023-09-28 | 0.900 | 1.762632 |
| 2023-06-29 | 0.900 | 1.718213 |
| 2023-03-30 | 0.900 | 1.771654 |
| 2022-12-29 | 0.900 | 1.727116 |
| 2022-09-29 | 0.900 | 1.627192 |
| 2022-06-29 | 0.900 | 1.472995 |
| 2022-03-30 | 0.900 | 1.513623 |
| 2021-12-30 | 0.900 | 1.571229 |
| 2021-09-29 | 0.900 | 1.666975 |
| 2021-06-29 | 0.900 | 1.351757 |
| 2021-03-30 | 1.103 | 1.513654 |
| 2020-12-30 | 1.103 | 1.591401 |
| 2020-09-29 | 1.103 | 1.820432 |
| 2020-06-29 | 1.103 | 1.827672 |
| 2020-03-30 | 1.103 | 2.109793 |
| 2019-12-30 | 1.050 | 1.291354 |
| 2019-09-27 | 1.050 | 1.263386 |
| 2019-06-27 | 1.050 | 1.354314 |
| 2019-03-28 | 1.050 | 1.324587 |
| 2018-12-28 | 1.000 | 1.326436 |
| 2018-09-27 | 1.000 | 1.348982 |
| 2018-06-28 | 1.000 | 1.340303 |
| 2018-03-28 | 1.000 | 1.476015 |
| 2017-12-28 | 0.950 | 1.255783 |
| 2017-09-28 | 0.950 | 1.224385 |
| 2017-06-28 | 0.950 | 1.197378 |
| 2017-03-29 | 0.950 | 1.315425 |
| 2016-12-28 | 0.900 | 1.247574 |
| 2016-09-28 | 0.900 | 1.119403 |
| 2016-06-28 | 0.900 | 1.220339 |
| 2016-03-29 | 0.900 | 1.344688 |
| 2015-12-29 | 0.850 | 1.373404 |
| 2015-09-28 | 0.850 | 1.471861 |
| 2015-06-26 | 0.850 | 1.354150 |
| 2015-03-27 | 0.850 | 1.205674 |
| 2014-12-29 | 0.770 | 1.092199 |
| 2014-09-26 | 0.770 | 1.324162 |
| 2014-06-26 | 0.770 | 1.229639 |
| 2014-03-27 | 0.770 | 1.296951 |
| 2013-12-27 | 0.735 | 1.305043 |
| 2013-09-26 | 0.735 | 1.274272 |
| 2013-06-26 | 0.735 | 1.270527 |
| 2013-03-26 | 0.695 | 1.064318 |
| 2013-01-08 | 0.220 | 0.370995 |
| 2012-12-27 | 0.670 | 1.195361 |
| 2012-09-26 | 0.670 | 1.296942 |
| 2012-06-27 | 0.650 | 1.296887 |
| 2012-03-28 | 0.650 | 1.338275 |
| 2011-12-28 | 0.870 | 1.972342 |
| 2011-09-28 | 0.615 | 1.470940 |
| 2011-06-28 | 0.615 | 1.388575 |
| 2011-03-29 | 0.615 | 1.311860 |
| 2010-12-29 | 0.605 | 1.328794 |
| 2010-09-28 | 0.605 | 1.358940 |
| 2010-06-28 | 0.575 | 1.459391 |
| 2010-03-29 | 0.575 | 1.516750 |
| 2009-12-29 | 0.650 | 1.774986 |
| 2009-09-28 | 0.550 | 1.695438 |
| 2009-06-26 | 0.550 | 2.037792 |
| 2009-03-27 | 0.550 | 2.133437 |
| 2008-12-29 | 0.690 | 2.642666 |
| 2008-09-26 | 0.550 | 1.641791 |
| 2008-06-26 | 0.550 | 1.905752 |
| 2008-03-27 | 0.630 | 1.935484 |
| 2007-12-27 | 1.350 | 4.745167 |
| 2007-09-26 | 0.500 | 1.590331 |
| 2007-06-27 | 0.500 | 1.545595 |
| 2007-03-28 | 0.500 | 1.637733 |
| 2006-12-26 | 0.930 | 2.837096 |
| 2006-09-27 | 0.480 | 1.683029 |
| 2006-06-28 | 0.480 | 1.886051 |
| 2006-03-29 | 0.480 | 1.849711 |
| 2005-12-28 | 0.450 | 1.715593 |
| 2005-09-28 | 0.450 | 1.683502 |
| 2005-06-28 | 0.450 | 1.593484 |
| 2005-03-29 | 0.450 | 1.779359 |
| 2004-12-29 | 0.575 | 1.945196 |
| 2004-09-28 | 0.425 | 1.512455 |
| 2004-06-28 | 0.425 | 1.574074 |
| 2004-03-29 | 0.425 | 1.422356 |
| 2003-12-26 | 0.500 | 2.016129 |
| 2003-09-26 | 0.400 | 1.937046 |
| 2003-06-26 | 0.400 | 2.234637 |
| 2003-03-27 | 0.400 | 2.551020 |
| 2002-12-27 | 0.350 | 2.194357 |
| 2002-09-26 | 0.350 | 2.308707 |
| 2002-06-25 | 0.350 | 2.184769 |
| 2002-03-26 | 0.350 | 2.372881 |
| 2001-12-26 | 0.450 | 2.920182 |
| 2000-06-27 | 0.640 | 5.818182 |
| 2000-03-28 | 0.640 | 5.475936 |
| 1999-12-28 | 0.740 | 4.933333 |
| 1999-09-27 | 0.740 | 4.198582 |
| 1999-06-25 | 0.740 | 3.200000 |
| 1999-03-26 | 0.740 | 3.200000 |
| 1998-12-28 | 0.740 | 2.859903 |
| 1998-09-25 | 0.740 | 2.436214 |
| 1998-06-25 | 0.740 | 2.250951 |
| 1998-03-26 | 0.740 | 1.838509 |
| 1997-12-26 | 0.740 | 1.791225 |
| 1997-09-25 | 0.740 | 1.891374 |
| 1997-06-25 | 0.740 | 1.903537 |
| 1997-03-25 | 0.740 | 1.960265 |
| 1996-12-26 | 0.740 | 2.013605 |
| 1996-09-25 | 0.700 | 2.097378 |
| 1996-06-26 | 0.700 | 2.105263 |
| 1996-03-27 | 0.700 | 2.129278 |
| 1995-12-27 | 0.700 | 2.105263 |
| 1995-09-27 | 0.670 | 2.252101 |
| 1995-06-28 | 0.270 | 1.009346 |
| 1995-05-16 | 0.350 | 1.272727 |
| 1995-03-27 | 0.620 | 2.431373 |
| 1994-12-23 | 0.620 | 2.373206 |
| 1994-09-26 | 0.620 | 2.185022 |
| 1994-06-24 | 0.570 | 2.054054 |
| 1994-03-25 | 0.570 | 2.017699 |
| 1993-12-27 | 0.570 | 2.063348 |
| 1993-09-24 | 0.540 | 2.000000 |
| 1993-06-24 | 0.535 | 1.927928 |
| 1993-03-25 | 0.530 | 1.944954 |
| 1992-12-24 | 0.525 | 2.333333 |
| 1992-10-26 | 0.520 | 2.166667 |
| 1992-06-24 | 0.500 | 2.139037 |
| 1992-03-25 | 0.500 | 2.185792 |
| 1991-12-24 | 0.420 | 1.931034 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.06829649 |
| Address1 | 222 Robert Rose Drive |
| All Time High | 91.38 |
| All Time Low | 4.875 |
| Ask | 72.57 |
| Ask Size | 300 |
| Audit Risk | 5 |
| Average Analyst Rating | 1.8 - Buy |
| Average Daily Volume10 Day | 282,900 |
| Average Daily Volume3 Month | 573,692 |
| Average Volume | 573,692 |
| Average Volume10Days | 282,900 |
| Beta | 0.559 |
| Bid | 70.29 |
| Bid Size | 200 |
| Board Risk | 2 |
| Book Value | 31.994 |
| City | Murfreesboro |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 5 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 72.03 |
| Current Ratio | 1.817 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 73.01 |
| Day Low | 71.84 |
| Debt To Equity | 97.569 |
| Display Name | National Health Investors |
| Dividend Date | 1,793,923,200 |
| Dividend Rate | 3.76 |
| Dividend Yield | 5.18 |
| Earnings Call Timestamp End | 1,786,451,400 |
| Earnings Call Timestamp Start | 1,786,451,400 |
| Earnings Growth | -0.43 |
| Earnings Quarterly Growth | -0.421 |
| Earnings Timestamp | 1,786,392,000 |
| Earnings Timestamp End | 1,793,908,800 |
| Earnings Timestamp Start | 1,793,908,800 |
| Ebitda | 289,673,984 |
| Ebitda Margins | 0.66472 |
| Enterprise To Ebitda | 17.12 |
| Enterprise To Revenue | 11.38 |
| Enterprise Value | 4,959,304,704 |
| Eps Current Year | 14.55137 |
| Eps Forward | 3.24664 |
| Eps Trailing Twelve Months | 3.44 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,790,726,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 75.5456 |
| Fifty Day Average Change | -3.515602 |
| Fifty Day Average Change Percent | -0.04653616 |
| Fifty Two Week Change Percent | -6.829649 |
| Fifty Two Week High | 91.38 |
| Fifty Two Week High Change | -19.349998 |
| Fifty Two Week High Change Percent | -0.21175312 |
| Fifty Two Week Low | 67.94 |
| Fifty Two Week Low Change | 4.0899963 |
| Fifty Two Week Low Change Percent | 0.06020012 |
| Fifty Two Week Range | 67.94 - 91.38 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 687,015,000,000 |
| Five Year Avg Dividend Yield | 5.8 |
| Float Shares | 47,937,677 |
| Forward Eps | 3.24664 |
| Forward P E | 22.186014 |
| Free Cashflow | 171,983,248 |
| Full Exchange Name | NYSE |
| Full Time Employees | 32 |
| Fullday Change | -0.529999 |
| Fullday Change Percent | -0.730428 |
| Fullday Price | 72.03 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.73925 |
| Gross Profits | 322,152,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.023929998 |
| Held Percent Institutions | 0.79477996 |
| Implied Shares Outstanding | 49,110,434 |
| Industry | REIT - Healthcare Facilities |
| Industry Disp | REIT - Healthcare Facilities |
| Industry Key | reit-healthcare-facilities |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,782,777,600 |
| Last Dividend Value | 0.92 |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | 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. |
| Long Name | National Health Investors, Inc. |
| Market | us_market |
| Market Cap | 3,537,424,384 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_320908 |
| Most Recent Quarter | 1,617,148,800 |
| Net Income To Common | 166,524,992 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 3,563,453,091 |
| Number Of Analyst Opinions | 8 |
| Open | 72.46 |
| Operating Cashflow | 248,680,992 |
| Operating Margins | 0.61341 |
| Overall Risk | 4 |
| Payout Ratio | 1.0636001 |
| Peg Ratio | 4.76 |
| Phone | 615 890 9100 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 72.03 |
| Post Market Time | 1,787,959,805 |
| Previous Close | 72.56 |
| Price Eps Current Year | 4.9500494 |
| Price Hint | 2 |
| Price To Book | 2.2513597 |
| Price To Sales Trailing12 Months | 8.117398 |
| Profit Margins | 0.38275 |
| Quick Ratio | 1.195 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.75 |
| Region | US |
| Regular Market Change | -0.529999 |
| Regular Market Change Percent | -0.730428 |
| Regular Market Day High | 73.01 |
| Regular Market Day Low | 71.84 |
| Regular Market Day Range | 71.84 - 73.01 |
| Regular Market Open | 72.46 |
| Regular Market Previous Close | 72.56 |
| Regular Market Price | 72.03 |
| Regular Market Time | 1,787,947,202 |
| Regular Market Volume | 206,733 |
| Return On Assets | 0.04385 |
| Return On Equity | 0.10717 |
| Revenue Growth | -0.026 |
| Revenue Per Share | 9.086 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 5 |
| Shares Outstanding | 49,110,434 |
| Shares Percent Shares Out | 0.0442 |
| Shares Short | 2,172,704 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 2,094,689 |
| Short Name | National Health Investors, Inc. |
| Short Percent Of Float | 0.045300003 |
| Short Ratio | 5.56 |
| Source Interval | 15 |
| State | TN |
| Symbol | NHI |
| Target High Price | 90.0 |
| Target Low Price | 73.0 |
| Target Mean Price | 82.125 |
| Target Median Price | 80.5 |
| Total Cash | 113,375,000 |
| Total Cash Per Share | 2.309 |
| Total Debt | 1,524,724,992 |
| Total Revenue | 435,783,008 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 3.68 |
| Trailing Annual Dividend Yield | 0.05071665 |
| Trailing Eps | 3.44 |
| Trailing P E | 20.938953 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 78.64675 |
| Two Hundred Day Average Change | -6.6167526 |
| Two Hundred Day Average Change Percent | -0.08413256 |
| Type Disp | Equity |
| Volume | 206,733 |
| Website | https://www.nhireit.com |
| Zip | 37,129-6346 |